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China’s Silk Road Fund has purchased a 49% stake in ACWA Power Renewable Energy (ACWA Power RenewCo), the Saudi Arabian group announced June 23. ACWA Power is a leading solar and wind developer in the Middle East and North Africa (MENA) and the dominant developer of CSP plants in the region. ACWA Power RenewCo owns …
Continue reading “China’s Silk Road Fund acquires 49% of ACWA Power Renewable Energy”
Kuwait has expanded its 2030 renewables target at the Shagaya renewable energy complex to 4 GW but Concentrated Solar Power developers will have to wait until a third phase of development, due online in 2025-26, to secure projects, Osamah Alsayegh, Executive Director of Energy & Building Research Center at KISR, told New Energy Update. In …
Continue reading “Kuwait eyes up to 400 MW of Concentrated Solar Power”
SoCalGas, in collaboration with several partners, displayed some innovative renewable energy technology projects at the San Diego State University Center for Energy Sustainability in Brawley, California. The projects support the commercialization of low-cost, commercial-scale renewable energy technology. They were done along with assistance from Hyperlight Energy, Genifuel Corporation, the STARS Corporation, Pacific Northwest National Laboratory …
Concentrated Solar Power is the technology which uses mirrors to concentrate the sun’s energy to drive traditional steam turbines or engines that create electricity. The thermal energy concentrated in a CSP plant can be stored and used to produce electricity when it is needed, day or night. Concentrated solar power (CSP), a renewable energy technology …
Continue reading “China To Dominate Concentrated Solar Power Revival in Long Term”
Emirates Water and Electricity Company (EWEC) has announced that Noor Abu Dhabi, the world’s largest single solar project with a capacity of 1,177MW, has started commercial operations. The project will enable Abu Dhabi to increase its production of renewable energy and reduce the use of natural gas in electricity generation, reducing the emirate’s carbon dioxide …
Abengoa (the “Company”) (MCE: ABG/P:SM), the international company that applies innovative technology solutions for sustainability in the infrastructures, energy and water sectors held today its Ordinary General Shareholders’ Meeting, in which the company’s annual accounts were approved. During the meeting, the executive chairman of the company, Gonzalo Urquijo Fernandez de Araoz, took stock of 2018, …
The spanish company Refractaris participates in the construction in Dubai of the tallest solar tower in the world. With a height of 260 meters and capable of generating 100 megawatts, the solar thermal project is expected to be fully operational by the end of 2020. The tower is part of a hybrid project that includes …
CSP’s costs are dropping as the market gains steam in the Middle East and China. Can this once-promising technology regain its mojo? Concentrated solar power (CSP), a renewable energy technology that has more or less dropped off the radar in the U.S., is quietly becoming competitive elsewhere. A recent analysis of power generation costs from the …
Continue reading “Concentrated Solar Power Quietly Makes a Comeback”
Beijing-headquartered Silk Road Fund, a state-owned investment and development fund established under the framework of Belt and Road Initiative (BRI), has acquired a 49 percent stake in a renewable energy holding company promoted by ACWA Power, the Saudi Arabia-based developer, owner, and operator of water and power plants, it was announced on Sunday. The Saudi …
“Our “back of the envelop” communication with researchers is that the US $3 per gallon of gasoline equivalent (GGE) per kilogram of hydrogen could be obtainable,” said Al Maaitah, whose start-up VC invests in the beam-down solar concentrator to be tested in the UAE. Of the four types of Concentrated Solar Power (CSP) technologies, dish …
Continue reading “VC Invests in Beam-Down Concentrator for Solar Fuel”