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A lack of supportive tenders is endangering the Concentrated Solar Power industry’s quest for lower costs and its leading position in overnight renewable power, a team of researchers told Reuters Events. As PV and battery costs continue to fall, CSP developers face increasing competition in the dispatchable power market. Only a handful of CSP projects …
Continue reading “Concentrated Solar Power build pipeline must hit “GWs” to fend off PV menace”
Researchers from the Center for Solar Energy Technologies of Fraunhofer Chile have conducted a comparative analysis which shows that the lowest levelized cost of energy (LCOE ) in Chile can be achieved by a combination of large scale PV and concentrated solar power (CSP). The Cerro Dominador PV-CSP project in Chile. Image: Ministerio de Bienes …
Continue reading “Hybrid PV – Concentrated Solar Power has a lower LCOE than gas in Chile”
Sustainable electricity systems need renewable and dispatchable energy sources. Solar energy is an abundant source of renewable energy globally which is, though, by nature only available during the day, and especially in clear weather conditions. We compare three technology configurations able to provide dispatchable solar power at times without sunshine: Photovoltaics (PV) combined with battery …
DNV GL, the world’s largest resource of independent energy experts and certification body, carried out a vendor due diligence for T-Solar Global Operating Assets that was key for the company sale transaction. The review of the company’s operational and pipeline portfolio included sixty-nine assets and was prepared for potential investors. The whole scope took more …
Cubico has agreed to acquire a 274MW solar platform with operational assets in Spain and Italy from I Squared Capital. The Grupo TSolar platform comprises 47 operational assets that spans 167 MW of solar photovoltaic capacity and 100 MW of concentrated solar power across Spain, as well as 7MW of solar PV in Italy. The …
ACWA Power of Saudi Arabia has appointed Shanghai Electric Group as the engineering, construction and procurement (EPC) contractor to deliver the fifth phase project of the Mohammed Bin Rashid Al Maktoum Solar Park in Dubai with capacity of 900 MW. The Solar Park project is the largest single-site solar power plant in the Middle East. …
Continue reading “Shanghai Electric Wins Contract for Fifth Phase of Dubai Solar Park”
The once languishing Aurora Solar Energy Project has taken another important step forward this week after developer 1414 Degrees announced it may add modular concentrated solar power to the project’s current proposed mix of solar PV, battery storage and 1414’s proprietary thermal storage. Aurora was supposed to be the location of Australia’s first large scale …
ACWA Power has announced financial close for the 900 MW fifth phase of the giant Mohammed bin Rashid Al Maktoum Solar Park in Dubai, and revealed the bevy of international lenders that will be behind the $564 million facility. ACWA on Thursday announced Abu Dhabi Islamic Bank would be among the lenders for the latest …
Continue reading “ACWA Power closes financing of 900 MW fifth phase of solar power project in Dubai”
37.8% of the monthly generation was of renewable origin: wind energy 15.8%, concentrated solar power 3.5% and photovoltaic 8%. 61.2% was produced from technologies that do not emit equivalent CO2. The demand for electricity decreased in the Balearic Islands by 19.7% and in the Canary Islands by 8% compared to the same month in 2019. …
Continue reading “The demand for electricity in Spain decreases 2.4% in August”
ACWA Power of Saudi Arabia has appointed Shanghai Electric Group as the engineering, construction and procurement (EPC) contractor to deliver the fifth phase project of the Mohammed Bin Rashid Al Maktoum Solar Park in Dubai with capacity of 900 MW. The Solar Park project is the largest single-site solar power plant in the Middle East. …
Continue reading “Shanghai Electric Wins Contract for Fifth Phase of Dubai Solar Park”