Global Concentrated Solar Power capacity is forecast to grow by 87%, or 4.3 GW, in 2018-2023, the International Energy Agency (IEA) said in its Renewables 2018 report published in October. This represents 32% faster growth than in 2012-2017. This baseline scenario includes 1.9 GW of new capacity in China, 1 GW of new projects in …
SolarReserve eyes 40% drop in heliostat costs within three years
New heliostat designs that combine greater automation with manufacturing and installation efficiencies could be commercially available within three years, David Haas, Director of Heliostat Development at SolarReserve and Principal Investigator on the group’s HelioSR3 research project, told New Energy Update. In October, the U.S. Department of Energy (DOE) awarded SolarReserve some $2 million to develop …
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Renewable Energy the Most Competitive Source of New Power Generation in GCC
Under current plans, the region will install 7 gigawatts (GW) of new power generation capacity from renewable sources by the early 2020s. Renewable energy is the most competitive form of power generation in Gulf Cooperation Council (GCC) countries, according to a new report published today by the International Renewable Energy Agency (IRENA). Abundant resources, together …
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China billions of Concentrated Solar Power market is open for global CSP players
In the past year of 2018, China completed a total capacity of 215 MW concentrated solar power (CSP) projects, almost 7 times of the 30 MW capacity made before 2018. China has become the No.5 country owning the biggest CSP capacity, and the most popular emerging CSP market with Morocco by contributing 23% of the …
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IRENA estimates that by 2025 the cost of electricity could fall by at least 37 % from concentrated solar power
IRENA estimates that by 2025 the global weighted average cost of electricity could fall by 26 % from onshore wind energy, by 35 % from offshore wind power, by at least 37 % from concentrated solar power (CSP) technologies, and by 59 % from solar photovoltaics (PV). IRENA, the Assembly of the International Renewable Energy …
Saudi Arabia targets 2.7GW Concentrated Solar Power in 2030
The Renewable Energy Project Development Office of Saudi Arabia (REPDO) published the “Saudi Arabia’s Renewable Energy Program 2030” earlier on January 9th, the country’s renewables target for 2023 has been revised up from 9.5 GW to 27.3 GW, and that for 2030 set at 58.7 GW, of which 40GW PV, 16GW Wind and 2.7GW CSP. …
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ACWA Power-led consortium to raise over $2bln for Dubai concentrated solar power project
ACWA Power leads a consortium which over the next few weeks is expected to conclude financing of more than $2 billion for a 950 megawatt (MW) concentrated solar power project in Dubai. The loan, provided by a group of mostly international banks, will back the development of Noor Energy 1, a $4.3 billion project expected …
China concentrated solar power pilot projects’ development
The year of 2018 witnessed the rapid growth of concentrated solar power (CSP) industry in China. Three demonstration CSP projects with the total capacity of 200MW were completed and connected to the grid, arming China with 3 large-scale commercial CSP plants in operation in one year: CGN Delingha 50MW Parabolic Trough CSP project—June 30th Shouhang …
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Turning Concentrated Solar Power into Liquid Fuel
Of all the strange things we do as a race on this planet, refining and over-complicating things are some of them. We’re never satisfied with letting things be and often time favor extravagant conspiracy theories over reality. After all, how would the opposing piston engine and the convoluted internal combustion engine system have worked until …
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China Shouhang Dunhuang 100 MW molten salt Solar Tower Concentrated Solar Power Plant to be completed
As the project owner Beijing Shouhang IHW Resourves Saving Co., Ltd (shorted as Shouhang) indicated, Shouhang Dunhuang 100 MW molten salt Solar Tower CSP Plant, which is among China 1st phase of 20 CSP pilot projects, is under commissioning and will be commercially operational at the end of this month on December 29th, 2018. At …