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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 …
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”
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”
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 …
The study’s objective is to understand and analyze the useful life and capacity utilization factor (CUF) of solar thermal and solar PV technologies. Consultants are expected to partake in detailed consultation with various stakeholders. The last day for submitting proposals is December 15, 2020. Scope of work Prospective consultants are expected to study, analyze and …
The Danish renewable and energy storage specialist, Aalborg CSP has received an order for the world’s most advanced lid solution to be installed as part of an Integrated Energy System with Pit Thermal Energy Storage (PTES) project in Denmark. The order was received from Høje Taastrup Fjernvarme and VEKS, who are currently constructing the 70,000 …
Spanish pulp producer and renewable energy group Ence Energia y Celulosa has agreed to sell its 90% stake in the 50-MW Termollano concentrated solar power (CSP) plant to Madrid-based investment fund manager Q-Energy. The parties agreed on a price of EUR 168 million (USD 199.5m) for the stake in Ence Energia Termollano, including EUR 81.5 …