Dedicated to Continuous Innovation
Cubico has agreed to acquire a 274MW solar platform with operational assets in Spain and Italy from I Squared Capital. The Grupo TSolar platform comprises 47 operational assets that spans 167 MW of solar photovoltaic capacity and 100 MW of concentrated solar power across Spain, as well as 7MW of solar PV in Italy. The …
The ACWA Power Solafrica Bokpoort Concentrated Solar Power (CSP) plant, one of the major drivers of renewable energy in South Africa, has achieved another significant first, having announced the largest infrastructure refinancing initiative to be implemented in the country. Project financiers, led by Investec Bank, have concluded the first refinancing transaction for Bokpoort CSP, in …
Two years following the successful organization of the 1st CSP4Climate conference, the need to take immediate action to address the most important global challenge of our times, Climate Change, is more urgent than ever. The adverse effects of climate change are getting more pronounced, especially in the Mediterranean basin. It is therefore time to analyze …
Ariya Finergy has signed a framework agreement with Absolicon to acquire and operate a robotised production line that manufactures Absolicon’s concentrating solar collector T160. The solar collectors have a 76% optical efficiency and produce heat and steam up to 160⁰ Celsius for industrial processes. The framework agreement contains requirements for each time period. Ariya has …
One of the world’s biggest solar parks in Dubai has hired Azelio AB to turn desert heat into electricity after sundown. Azelio’s technology is being used on Phase 4, a project jointly owned by Dubai Electricity & Water Authority, Saudi Arabia’s Acwa Power and Chinese state-owned Silk Road Fund. The Swedish company will provide energy …
Continue reading “Desert Heat Will Help Keep Lights On in Dubai After Sundown”
IMAGE@Alberto de la Calle As a vital component of fertilizers, ammonia (NH3) is the second most-produced industrial chemical in the world. Annual production is around 180 million metric tons and almost 90% of this production goes to meet the global demand for agricultural production. Ammonia is also increasingly seen as a potential green fuel for …
Continue reading “To Make Zero-Emissions Ammonia, US Researchers Design a Novel Solar Reactor”
Tim Bruewer details optimal thermal management for the use of molten salt in solar thermal power plants with concentrated radiation. The demand for environmentally friendly and low-CO2 forms of energy generation has been increasing in Europe since the ‘Green Deal’ was presented by the EU Commission in 2019, defining the climate neutrality of 26 member …
Continue reading “Heat storage in concentrated solar power plants”
IMAGE@ Saudi-based ACWA Power’s 580MW solar thermal power station at Ouarzazate in Morocco includes both tower (foreground) and trough Concentrated Solar Power (CSP) Reuters: Saudi fund raises ownership stake in ACWA Power to 50% -statement CAIRO/DUBAI (Reuters) – The Public Investment Fund (PIF), Saudi Arabia’s sovereign wealth fund, said on Thursday it has increased its …
Continue reading “Saudi Government Raises Ownership to Half of Global Solar Leader ACWA Power”
Saudi Arabia’s futuristic Neom City will not use the cheapest sources of renewable energy, but those with the best chances of being dispatched, due to the storage potential of concentrated solar power. But several issues must be addressed to make the tech viable. Neom City is a futuristic city that the Saudi Arabian government plans …
Continue reading “Concentrated solar power will dominate Neom City’s energy mix”
The Public Investment Fund (“PIF”) today announced that it has increased its ownership stake in ACWA Power from 33.36% to 50%. The investment comes as part of PIF’s strategy to support the development of the renewable energy sector within Saudi Arabia and enable the growth of national champions to become regional and global leaders, while also …