Category: PV

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The cost-competitiveness of concentrated solar power with thermal energy storage in power systems with high solar penetration levels

In this paper, we show that concentrated solar power (CSP) with thermal storage is an economically attractive technology to achieve high solar penetration levels. To this end, we utilize an alternative framework of net levelized cost of electricity (net-LCOE), which captures the projected curtailment rate, to economically compare PV with batteries to CSP in power …

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Fraunhofer-Led New HybridKraft Project Initiates Power Generation with Concentrated Solar Power and PV Plant

A system is to be developed in the newly launched ‘HybridKraft’ project, funded by the German Federal Ministry of Economics and Climate Protection and headed by the Fraunhofer Institute for Solar Energy Systems ISE. The hybrid combination of concentrated solar power plants, photovoltaics and storage promises cost-effective and stable electricity generation. A system is to …

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Israel inaugurates its 4th solar field at the Ashalim concentrated solar power plant with an unprecedented energy price

The Government stressed that the cost is lower than the production of electricity using fossil fuels and is globally competitive. Israel’s fourth solar field, located in Ashalim concentrated solar power plant, has started operations, setting an unprecedented price for electricity in the market. Generating electricity at 8 agorot (2.2 euro cents) per kilowatt hour, this …

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Techno-economic assessment of a novel hybrid system of solar thermal and photovoltaic driven sand storage for sustainable industrial steam production

Highlights • The study presents a novel system combining solar thermal collector, pressurised water storage and PV driven sand storage for steam generation in food & beverage industry. • The optimal combination of parabolic trough collector and PV storage systems results in the lowest cost of heating and significant land area savings compared to if …

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Investment Opportunities In Morocco’s Solar Market For 2023

Morocco has emerged as a global leader in renewable energy, particularly in the solar industry. The country offers lucrative investment opportunities in the solar sector for both domestic and foreign investors. This is mainly due to its favorable geographic location and abundant solar resources. As we approach 2023, Morocco continues to attract attention as a …

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Dubai’s record-breaking hybrid solar power plant to be completed in Q1 2024

The 950 MW Phase 4 of Mohammed bin Rashid Al Maktoum Solar Park incorporates Concentrated Solar Power and PV technologies. Image used for illustrative purpose. Rendering of 100 MW Central Tower plant of the fourth phase of Mohammed bin Rashid Solar Park in Dubai. Aspectus Group handout via Zawya Aspectus Group handout via Zawya One …

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Energy materials based novel solar thermal applications

With increasing apprehensions over global warming and environmental issues, the need to develop renewable energy is becoming more critical to secure our future energy needs. Solar energy is the most abundant source of energy and is easily accessible. However, making efficient use of solar energy is not an easy task. Energy materials, especially in their …

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Integrated Solar Thermal Hybrid Power Plants: CSP and PV

Integrated Solar Thermal Hybrid Power Plants are emerging as a promising solution to address the growing global demand for clean and sustainable energy. These innovative power plants combine the strengths of both solar thermal and photovoltaic (PV) technologies, harnessing the sun’s energy to generate electricity in a more efficient and cost-effective manner. As the world …

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Why Concentrated Solar Power (CSP) beats Photovoltaic (PV) at less than 3 USD cents per kWh

The cost of renewable energy is dropping every year, and this year we saw record low cost Photovoltaic (PV) projects such as the 800 MW project in Dubai offered at 2.99 US$ cents/kWh. So how is it that concentrating solar power (CSP) is still an attractive technology compared to PV? The answer lies in the …

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