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New tariff legislation, proven plant performance and a growing need for storage is increasing investor confidence in Spanish Concentrated Solar Power ownership, investors told New Energy Update. Earlier this month, UK-based investment fund Cubico Sustainable Investments acquired the 50 MW Arenales Solar Plant in Seville, southern Spain, from the PanEuropean Infrastructure Fund. Online since 2013, …
Continue reading “Concentrated Solar Power investors return to Spain as market outlook brightens”
US renewable power producer TerraForm Power has acquired two concentrated solar power (CSP) plants totalling roughly 100 MW in Spain from NextEra Energy Spain Holdings BV, a Netherlands-based unit of NextEra Energy Inc. A wholly-owned unit of TerraForm Power paid a total equity purchase price of EUR 94.1 million (USD 101.5m) plus working capital adjustments …
Continue reading “TerraForm closes 100 MW Concentrated Solar Power buy in Spain”
The pioneering Cerro Dominador solar thermal project has culminated another important phase in its development process with the start of salt fusion works. This concentrating solar power project, in which MMYPEM participates, aims to build a 100MW photovoltaic plant and the first solar thermal plant in Latin America, which will have another 110MW of capacity …
Concentrated solar power accounts for only a fraction of the overall green energy market, but recent research suggests smaller-scale designs could help revitalise interest in the sector. We talk to Luis Crespo, president of Protermosolar, Spain’s solar thermal electricity association. With demand for clean, affordable energy spiking around the world, it may seem counterintuitive to …
Continue reading “Why thinking small could help reignite the concentrated solar power sector”
Wet cooling of Concentrated Solar Power (CSP) plants would be preferable if there was plenty of available water, because it promotes greater thermal efficiency. However, most CSP tends to be built in very arid regions, and so for environmental reasons, developers increasingly get these solar thermal power projects permitted only by planning less-efficient dry cooling. …
Continue reading “Irrigation Water Can First be Used to Cool a Concentrated Solar Power Project”
In 2016, when SolarReserve connected its 110 MW Crescent Dunes solar thermal power plant in the state of Nevada, it reached its peak as a company. But the enjoyment of reaching that peak could not be prolonged. And having spent almost four years from that moment, the company filed its bankruptcy a few months ago. …
The UK-based renewables investment company has acquired the 50 MW Arenales solar thermal power plant, located in Seville that entered into operation in 2008. Cubico Sustainable Investments, a renewables investment company based in the United Kingdom, today announced the acquisition of the Arenales Solar PS, S.L., owned by a 50 MW solar thermal operating plant, …
Continue reading “Cubico acquires a 50 MW concentrated solar power plant in Spain”
Today, the U.S. Department of Energy (DOE) announced up to $125.5 million in new funding to advance solar technology research. Through the Office of Energy Efficiency and Renewable Energy (EERE) Solar Energy Technologies Office, DOE continues to advance research and development of solar technologies that reduce the cost of solar, increase the competitiveness of American …
Continue reading “DOE Announces $125.5 Million in New Funding for Solar Technologies”
Protermosolar and CIEMAT organize the technical day at GENERA 2020 The Solar Thermal Power Plants in Energy Planning in Spain. Spain, unlike the rest of European countries, has ideal conditions for the deployment of concentrated solar power plants that will make the objectives of PNIEC easier and less expensive. Solar thermal technology can also contribute …
In terms of global concentrating solar power market in the year of 2019, a total capacity of 381.6MW solar thermal projects were newly built up across the world, making an increase rate of 6.29%. Specifically, China successfully completed four new CSP projects with capacity of 200MW, 52.1% of the global total. This solar resource map …