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Concentrated solar power – CSP – has the potential to bring energy to remote areas of the world. The heat of the sun is reflected off rows of mirrors onto a central tower, transforming water into steam and turning a turbine which then generates electricity. But these plants have a fatal flaw – they are …
ContourGlobal Plc (LON:GLO) completed othe sale of a 49% stake in the 250-MW Spanish concentrated solar power (CSP) portfolio it purchased from Acciona in early 2018. The deal was closed for EUR 134 million (USD 149.9m) payable in cash. The buyer is a fund advised by Credit Suisse Energy Infrastructure Partners AG. The portfolio consists …
Renewable energy has become an increasingly competitive way to meet new power generation needs. This comprehensive cost study from the International Renewable Energy Agency (IRENA) highlights the latest trends for each of the main renewable power technologies. Released ahead of high-profile United Nations energy and climate discussions, Renewable Power Generation Costs in 2018 draws on the …
Developed by KISR, the Shagaya 50 MW Concentrated Solar Power plant is part of Kuwait First Phase of 2GW Shagaya Renewable Park and has been in full operation since February 2019. The 50 MW CSP project signed EPC contract (USD $385 million) with a consortium consisting of Spanish EPC company TSK and Kuwait’s Kharafi National. …
Continue reading “Kuwait Shagaya 50 MW Parabolic Trough Concentrated Solar Power Project”
The 150 MW Noor III Concentrated Solar Power tower in Morocco has exceeded performance targets on output and storage integration in the first few months of operation and financing costs for tower storage projects should fall in line with parabolic trough rates going forward, Xavier Lara, Senior Consultant at CSP engineering group Empresarios Agrupados (EA), …
Noor Ouarzazate Noor III tower with the Noor i and II trough sections in the distance IMAGE@Suntrace The 150 MW Noor III CSP tower in Morocco has exceeded performance targets on output and storage integration in the first few months of operation and financing costs for tower storage projects should fall in line with parabolic …
Continue reading “Morocco’s Ourazazate Noor III CSP Tower Exceeds Performance Targets”
Concentrated solar power (CSP) with energy storage is an upcoming renewable technology that promises to provide cost-effective power generation with improved efficiency. Although the technology has been in existence since the 1980s, growth of CSP was hindered by a number of factors such as high cost of capital, global economic slowdown resulting in lack of …
Continue reading “Energy storage is key for the future of the concentrated solar power market”
The Moroccan Agency for Sustainable Energy (Masen) said the project, which will have a total installed capacity of 800 MW, is the world’s first advanced hybridisation of concentrated solar power (CSP) and photovoltaic (PV) technologies. Abu Dhabi Future Energy Company (Masdar) said its consortium comprising EDF Renewables, a world leader in renewable energy electricity and …
Continue reading “Masdar, EDF to build 800 MW hybrid concentrated solar power plant in Morocco”
CSP auction price trends IMAGE @IRENA Morocco’s 800 MW CSP-PV Noor Midelt breaks last year’s auction price record of 7.3 cents set by DEWA in the UAE, with winning bid at USD 7 cents/kWh The Moroccan Agency for Sustainable Energy (MASEN) has announced that the consortium of EDF Renewables, Masdar, and Green of Africa – …
Continue reading “Morocco Breaks New Record with 800 MW Midelt 1 CSP-PV at 7 Cents”
The 150 MW Noor III Concentrated Solar Power tower in Morocco has exceeded performance targets on output and storage integration in the first few months of operation and financing costs for tower storage projects should fall in line with parabolic trough rates going forward, Xavier Lara, Senior Consultant at CSP engineering group Empresarios Agrupados (EA), …