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The Multilateral Investment Guarantee Agency (MIGA), part of the World Bank Group, has issued guarantees to Atlantica Yield PLC to cover the ownership and operation of the 100-MW KaXu Solar One concentrated solar power (CSP) park in South Africa. The guarantees are worth USD 98.6 million (EUR 88.5m) and are issued against the risks of …
The concentrating solar thermal power plant is spread over 700 hectares and can already be appreciated from the air when the region overflies. Cerro Dominador Concentrated Solar Power project, in María Elena, already has 7,000 heliostats that point to a tower where electricity is generated. This initiative will be one of the highlights at the …
Continue reading “First Concentrated Solar Power plant in Chile and Latin America has 80% progress”
Concentrated Solar Power (CSP) technology with heat storage can now cost-effectively provide 24-hour dispatchable renewable energy in countries with a lot of sunshine. Yet a lack of familiarity with the technology meant that many countries in the Middle East and North Africa were not adopting it. How we helped Castalia is co-leading a program to …
Oman Power and Water Procurement Company (OPWP) is considering the establishment of the sultanate’s first solar thermal project, a concentrated solar power (CSP) plant in Duqm that will be built if an existing proposal for a clean coal independent power producer (IPP) project in the area does not receive government approval before end-2019. The CSP …
Continue reading “Oman’s OPWP plans 1,200 MW Concentrated Solar Power project”
Morocco has launched a tender for the 230 MW Noor Midelt II CSP-PV plant in central Morocco, following the recent allocation of the 800 MW Noor Midelt I project to an EDF-led consortium at a record-low price of 68 dirhams/MWh ($71/MWh). Developers will have until September 16 to prequalify for the Noor Midelt II tender, …
Continue reading “Morocco follows lowest ever Concentrated Solar Power price with fresh tender”
The Oman Power and Water Procurement Company (OPWP) — the sole procurer of new electricity and water capacity under the Sector Law — is mulling plans to set up the first-ever solar thermal project to support the future energy requirements of the Special Economic Zone (SEZ) at Duqm. The concentrated solar power plant will only …
Continue reading “Oman mulls thermal concentrated solar power project”
Despite the continuously falling costs of solar and wind power, renewable energy continues to grapple with the issue of storing energy produced from sun and wind when the sun doesn’t shine and the wind doesn’t blow. Lithium batteries store energy from the sun to provide it when needed, even if the sun doesn’t shine. But …
Continue reading “24/7 Power: The future of Concentrated Solar Power”
It’s not simply on the track that Morocco is planning to turn into a world ruler in renewable energy. Just as a host country of a Formula ePrix, the nation is likewise home to the world’s biggest solar farm. Based on a territory of in excess of 3,000 hectares in the region – similar to …
Continue reading “Noor 1 Concentrated Solar Power (CSP) plant”
Concentrated solar power generation is making tangible progress in China, with the sector set to be an integral part of the country’s current power system soon, said experts. Concentrated solar power, solar thermal or CSP, is a technology that uses mirrors to concentrate and reflect sunlight to drive traditional steam turbines to create energy. Technicians …
Continue reading “Concentrated solar power projects fast gaining ground in China”
UAE’s solar power footprint is expanding in a dramatic way- Here’s how and why. Built at the cost of almost $900 million, the Noor Abu Dhabi solar plant contains 3.2 million solar panels and will produce 1.17 gigawatts of power. The Dubai’s Mohammed bin Rashid Al Maktoum Solar Park is currently in phase III, will …