New Energy Update’s latest analysis of 16 CSP projects with investment decisions since 2016 shows that capital expenditures (capex) were between $3,910/kW and $6,355/kW. Energy storage capacities range from six to 16 hours. In comparison, the capex of plants installed from 2013 to 2015 ranged from $6,050/kW to 12,600/kW, for plants with four to eight …
Global CSP capacity reaches 4.95 GW; South Africa’s Redstone CSP project signs PPA after two-year delay
Global CSP capacity reached almost 5 GW at end of 2017 Global CSP capacity hit 4.95 GW at the end of 2017, according to the International Renewable Energy Agency’s annual report on global renewables capacity. The 100 MW Xina plant in Pofadder, South Africa was the only CSP plant to begin commercial operations in 2017, …
Wide-scale deployment of CSP molten salt towers to begin by 2020
Molten nitrate and potassium salts are used for energy storage in many CSP tower plants, but the 110 MW Crescent Dunes plant in Nevada and 20 MW Gemasolar plant in southern Spain are the only commercial tower plants to use molten salt as a heat transfer fluid (HTF) as well as for storage. These two …
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The impact of concentrated solar power in electric power systems in Chile
This paper presents a study about the impacts of the integration of concentrated solar power (CSP) with thermal energy storage (TES) in electric power systems. The main tool for this study is a comprehensive long-term power system capacity expansion planning model that integrates a specific module to represent the operation of CSP-TES power plants. The …
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Abengoa Dubai contract valued at $650mn; US to inject $72mn into high-temperature designs
Abengoa’s Dubai supply contract valued at around $650 million Abengoa’s contract to supply three 200 MW parabolic trough plants to the 700 MW DEWA CSP project in Dubai is valued at approximately $650 million, the Spanish company said in a statement May 9. Last month, Saudi Arabia’s ACWA Power signed an Engineering, Procurement, and Construction …
China-backed $4bn CSP project set for financial close by August
Last month, Saudi Arabia’s ACWA Power signed an Engineering, Procurement, and Construction (EPC) contract with Shanghai Electric, a major Chinese power company, to install its 700 MW DEWA CSP project in Dubai. The 700 MW dual-technology CSP project, awarded by the Dubai Electricity and Water Authority (DEWA) in September 2017, sets a new industry record …
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ACWA, Shanghai Electric sign EPC agreement for Dubai CSP project; U.S. DOE announces $24mn in CSP R&D funding
ACWA, Shanghai Electric sign Dubai EPC agreement ACWA Power and the Dubai Electricity and Water Authority (DEWA) have signed an agreement with Shanghai Electric Generation Group (SEGC) that will see SEGC conduct engineering, procurement and construction at the 700 MW CSP project in Dubai. The 700 MW CSP project is the fourth phase of the …
ACWA Power joins forces with China’s CEEC; World Bank supplies $125mn to Morocco hybrid plants
ACWA Power, China’s CEEC to study joint projects Saudi Arabia’s ACWA Power and major EPC group China Energy Engineering Corporation (CEEC) have agreed to explore joint investment opportunities in power generation and water desalination in the Middle East and Asia. A memorandum of understanding (MoU) signed by the companies June 7 will “strengthen the ties …
CSP Madrid (formerly CSP Seville)
Channels: CSP ES CSP Tags: csp concentrated solar power Concentrated solar solar power Event URL: http://events.newenergyupdate.com/csp/?utm_source=Portal%20Link&utm_medium=Listi… Event Location: Madrid Number of attendees: 300 Event Organiser: Paul Soskin Event Organiser E-mail: Paul@newenergyupdate.com Précis: Develop Cost Efficient CSP, CSH and Thermal Energy Storage to Meet Grid and Industrial Demand Event Date: Tuesday, November 13, 2018 to Wednesday, …
Morocco expects price drop for hybrid CSP plant, widens funding sources
Morocco’s renewables procurement process has been a key driver of CSP deployment in the Middle East and North Africa (MENA). Morocco has set a target of 40% of installed capacity from renewable resources by 2020, rising to 52% by 2030, equivalent to 6 GW of new capacity. Managed by Masen, the renewable program supported the …
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