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IMAGE@ Saudi-based ACWA Power’s 580MW solar thermal power station at Ouarzazate in Morocco includes both tower (foreground) and trough Concentrated Solar Power (CSP) Reuters: Saudi fund raises ownership stake in ACWA Power to 50% -statement CAIRO/DUBAI (Reuters) – The Public Investment Fund (PIF), Saudi Arabia’s sovereign wealth fund, said on Thursday it has increased its …
Continue reading “Saudi Government Raises Ownership to Half of Global Solar Leader ACWA Power”
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 …
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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 …
His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, inaugurated Dubai Electricity and Water Authority’s (Dewa’s) Innovation Centre and the 800MW third phase of the Mohammed Bin Rashid Al Maktoum Solar Park, the largest single-site solar park in the world. With a planned total …
Concentrating solar power may have finally found its one true love: supercritical carbon dioxide, aka sCO2, which is something that happens when carbon dioxide gas behaves like a liquid. The electricity generation field is all aflutter with the idea that sCO2 can ramp up power plant efficiency while cutting costs, and concentrating solar power could …
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The company’s concentrated solar power technology for decarbonizing industrial processes is recognized as one of the year’s top innovations in the Sustainability category. Heliogen, the clean energy company that is transforming sunlight to create and replace fuels, today announced the inclusion of its HelioHeat technology in TIME’s Best Inventions of 2020 list. Heliogen’s high-temperature solar …
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IMAGE@CEMEX The major global cement producer CEMEX has begun work with the solar fuel start-up Synhelion to demonstrate the world’s first zero emissions cement production with high temperature solar. Synhelion is a solar research spin-off from ETH that uses an advanced concentrated solar thermal (CST) technology to generate temperatures at up to 1,500C for thermochemistry …
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