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Cubico Sustainable Investments (Cubico) has achieved financial close on the refinancing of the Moron and Olivenza concentrated solar power (CSP) projects in Sevilla and Badajoz, Spain. The refinancing of the projects, which were acquired in March this year as part of the Grupo T-Solar portfolio and have a capacity of 50MW each, was completed with …
Dubai Electricity and Water Authority is set to commission the world’s tallest concentrated solar power (CSP) tower located within the Mohammed bin Rashid Al Maktoum Solar Park, in September. Standing tall at 262.44 m, the tower has a capacity of 100 MW in addition to 200 MW from parabolic trough. This is the largest single-site …
The Biden-Harris administration has signed a memorandum of intent (MOI) regarding a plan to build a solar power complex of up to 5 GW in Botswana and Namibia. According to a Monday announcement, the US government will cooperate with those of the two African nations involved, the African Development Bank, the International Bank for Reconstruction …
Continue reading “US signs pact for up to 5-GW solar power project in Botswana, Namibia”
India’s solar target is 100 GW by the year 2020. This, however, does not include CSP, that is, concentrated solar power. Owing to India’s geographical position just north of the equator, India has a huge potential to develop CSP. Sarvesh Devraj talks about the problems facing the advancement of this technology in the country. Sarvesh Devraj …
Continue reading “Concentrated Solar Power Technology In India – Barriers In Widespread Expansion”
With the emergence of ‘renewable technologies’, many hope to reverse the impact of climate change, with initiatives such as the Mohammed BinRashid Al Maktoum Solar Park, located in the desert south of Dubai. It is the largest solar park in the world. It is equipped with millions of photovoltaic panels, capable of converting the sun’s …
Continue reading “Dubai bets on a future more ‘solar’ and low in carbon emissions”
The 110-MW Cerro Dominador concentrated solar power (CSP) plant in Chile has been successfully synchronised with the Chilean SEN grid system. The solar thermal plant will inject electricity into the grid in stages over the coming months. “Synchronization kicks off first phase. We then move on to the second phase, which is calibration of the …
Continue reading “Chile’s Cerro Dominador Concentrated Solar Power plant synced with the grid”
Next-generation solar thermal energy storage technology developed in partnership with the Australian Solar Thermal Research Initiative (ASTRI) has reached a major milestone, with the United States Department of Energy announcing it will fund commercial-scale testing. The technology, which has been produced with input from CSIRO, the Australian National University and the University of Adelaide, converts …
Continue reading “Australia-US thermal storage technology progresses to demonstration phase”
Cubico Sustainable Investments has completed the acquisition of Grupo T-Solar, a 274MW solar platform with assets across Spain and Italy, from I Squared Capital. Cubico has also acquired the minority shareholding of KKR in Grupo T-Solar’s Spanish photovoltaic assets. The integration of the platform, which has a total enterprise value of approximately €1.5bn into Cubico’s …
Continue reading “Cubico makes 100 MW concentrated solar power acquisition”
The Biden administration on Thursday set a goal to cut the cost of solar energy by 60% over the next decade as part of an ambitious plan to decarbonize the United States’ power sector by 2035. The U.S. Department of Energy said the goal accelerates its previous utility-scale solar cost target by five years. For …
Continue reading “U.S. pledges to slash solar energy costs by 60% in a decade”
On March 25, 2021, the U.S. Department of Energy (DOE) announced the Solar Energy Technologies Office (SETO) Fiscal Year 2021 Photovoltaics and Concentrating Solar-Thermal Power (FY21 PV and CSP) funding program, which will provide $39.5 million for projects that will advance solar PV and CSP research and development (R&D) and help eliminate carbon dioxide emissions from the energy …
Continue reading “New DOE Funding for Concentrated Solar Power: Webinar April 12”