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A wave of new CSP tower with storage projects in the coming years is set to lower the cost of finance and improve competitiveness compared with other generation types. High capital expenditure (capex) cost of CSP plants and limited installed capacity means financing costs remain far higher than for PV and wind plants. The weighted …
Continue reading “Noor III CSP tower seen as ‘tipping point’ for financing costs”
Middle East and Africa Concentrated Solar Power Market is set to achieve lucrative growth in coming years owing to increasing investments to meet the needs of the stagnation across the North America and Spain solar industry. >100 MW Concentrated Solar Power Market is set to witness robust growth on account of growing demand for electricity …
Continue reading “Factors behind $4,000 million Concentrated Solar Power Market”
Dubai Noor Energy 1 construction ahead of schedule Construction of the 950 MW Noor Energy 1 CSP-PV project in Dubai is currently 7% ahead of schedule, the Dubai Electricity and Water Authority (DEWA) said in a statement May 15. Developed by ACWA Power, the giant $4.4 billion project sets new records on scale and cost …
The development of Phase 4’s concentrated solar power tower is 7% ahead of schedule, whilst its solar field is 73% complete. HE Saeed Mohammed Al Tayer, managing director and chief executive officer of Dubai Electricity and Water Authority (Dewa), has received a construction update on Phase 4 of the Mohammed bin Rashid Al Maktoum Solar …
Continue reading “Dubai Phase 4’s 260m concentrated solar power tower”
SENER and ACCIONA, long established companies with a strong presence in Africa, together with Kathu Solar Park RF PTY LTD, have won the Sustainable Renewable Energy Project (10MW+) Award for Kathu Solar Park project at the 2019 African Utility Week Industry Awards held in Cape Town on Wednesday, 15 May 2019. The sixth edition of …
The potential of applying solar energy for industrial purposes is still largely untapped. Using solar energy to provide the heat or cooling necessary to industrial processes that need high reliability and high quality heat and cooling and continuous operation requires innovative advances in solar energy technology. Also, industrial processes might need to be adapted to …
Continue reading “EU Call for Proposals: Solar Energy in Industrial Processes”
In Spain there are 18 concentrated solar thermal power plants with storage, 17 of which are 50 MW and have a storage capacity of 7.5 hours at nominal power; another, of 20 MW, has a storage of 15 hours. In total, the equivalent electrical storage capacity is 6,675 MWh with a delivery capacity of 870 …
Continue reading “The concentrated solar power and electrical storage in Spain”
Concentrated solar power twinned with thermal energy storage will bridge a “dispatchable energy gap” according to a new report. The study from analytics company GlobalData forecasts a significant rise in CSP combined with storage. GlobalData power analyst Pavan Kumar Vyakaranam explained: “The influx of renewable power sources such as wind and solar, backed by ambitious …
Continue reading “Concentrated Solar Power energy storage will bridge “dispatchable energy gap””
ACWA Power, a leading developer, owner, and operator of power generation and water desalination plants has signed strategic agreements with three renowned Chinese entities on the sidelines of the second Belt and Road Forum for International Cooperation (BRF). The agreements with PowerChina, China Gezhouba Group Company (CGGC) and Bank of China will lay the ground …
Continue reading “ACWA Power signed strategic agreements with three Chinese entities”
The Egyptian Electricity Transmission Company (EETC) has signed an agreement with the International Finance Corporation (IFC) to develop a 600 MW solar power complex in Egypt’s West Nile province. Muneer Ferozie, IFC’s Regional Manager revealed the reports and said that the project will go in a long way to realizing the government’s renewable energy plan …
Continue reading “Egypt to develop 700 MW of concentrated solar power by 2027”