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Renewables investor Cubico has achieved financial close on the refinancing of the Spanish Andasol 1 and Andasol 2 concentrated solar power (CSP) projects, totalling 100MW. The refinancing of the 50MW projects, both located in Granada, was completed with two green loans. The green loans comply with the Green Loan Principles and are the third and …
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Cubico Sustainable Investments has agreed to buy 100 MW of Spanish CSP power capacity and 174 MW of PV capacity from Grupo T-Solar, the company announced in a statement. Cubico will acquire the 50 MW Moron and Olivenza CSP plants, expanding its Spanish CSP portfolio to 250 MW. The fund bought the 50 MW Arenales plant …
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Botswana plans to build 200 MW of CSP capacity by 2026, according to a new integrated resource plan (IRP) published by the government on December 15. The procurement process will start this year, it said. Botswana is a land-locked sub-Saharan country bordering South Africa, Namibia and Zimbabwe. In total, the government has approved the construction …
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The new flow control valves will improve heat distribution and minimise risks at critical joints, allowing higher CSP temperatures and greater energy conversion efficiency, research group Sandia National Laboratories told Reuters Events. New flow control valves being developed by US researchers could help CSP developers meet ambitious cost reduction targets. Sandia’s new valve concept is …
Continue reading “US Concentrated Solar Power valve leap boosts prospects for hotter plants”
A University of Hawaiʻi at Mānoa startup is shining in a national competition designed to energize U.S. solar manufacturing. Hawaiʻi Innovation Lab is among 20 teams representing 12 states that have been selected to advance into the semifinals of the American-Made Solar Prize, a $3 million competition funded by the U.S. Department of Energy and …
Sustainable electricity systems need renewable and dispatchable energy sources. Solar energy is an abundant source of renewable energy globally which is, though, by nature only available during the day, and especially in clear weather conditions. We compare three technology configurations able to provide dispatchable solar power at times without sunshine: Photovoltaics (PV) combined with battery …
DNV GL, the world’s largest resource of independent energy experts and certification body, carried out a vendor due diligence for T-Solar Global Operating Assets that was key for the company sale transaction. The review of the company’s operational and pipeline portfolio included sixty-nine assets and was prepared for potential investors. The whole scope took more …
Recently NSW announced that a gas power plant would be classed as critical infrastructure to speed up the planning process. This follows the Morrison government’s policy that gas power is needed to transition away from coal to renewables, but that policy has met with criticism from those advocating a steady reduction in CO2 emissions. What …
Continue reading “Should Australia invest in Concentrated Solar Power rather than gas power?”
It’s hard to finance large infrastructure projects in many parts of the world. Banks and other traditional financiers often shy away from making big commitments in developing markets or those with perceived risks such as exchange rate volatility or political instability. In such places, getting large projects off the ground often requires concessional finance: loans …
Continue reading “Is concessional finance key to Concentrated Solar Power in 2021?”
Government has developed a plan for reliable, safe and affordable electricity supply in Botswana. Launching the Integrated Resource Plan (IRP) on December 15, Minister of Mineral Resources, Green Technology and Energy Security Mr Lefoko Moagi said the intension was to achieve an energy generation mix of at least 15 per cent renewable energy by 2030 …
Continue reading “Botswana Launches PV and Concentrated Solar Power Generation Plan”