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Panda Green Energy Group plans to develop a 1,000 MW hybrid project in China that combines solar photovoltaic (PV) and solar thermal power generation with energy storage and hydrogen production. The company has entered into a memorandum of cooperation for the CNY-10-billion (USD 1.41bn/EUR 1.25bn) project with the local government of Manasi County, Xinjiang Uyghur …
Dubai saw the lifting and installation of the Molten Salt Receiver, MSR, on top of the world’s tallest solar power tower at 262.44 meters, at the largest Concentrated Solar Power project in the world. World’s Tallest Solar Power Tower (Asharq Al-Awsat Ar) This is part of the 4th phase of the Mohammed bin Rashid Al …
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Cubico Sustainable Investments said today it has achieved financial close on the refinancing of a 50-MW concentrated solar power (CSP) plant in Spain. The renewables investor, which is backed by Ontario Teachers’ Pension Plan and PSP Investments, said that this is its second green loan after earlier refinancing a 99-MW wind portfolio in Italy. Cubico …
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Danish renewable and energy storage specialist, Aalborg CSP acquires all rights and patents for unique Pit Thermal Energy Storage (PTES) technology from Arcon-Sunmark A/S. A Pit Thermal Energy Storage (PTES) is basically a water reservoir used for storing thermal energy. The reservoir is lined with a plastic lining and covered with an isolating lid. Besides …
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The Mohammed bin Rashid Al Maktoum Solar Park on Wednesday witnessed the installation of the Molten Salt Receiver (MSR) on top of the world’s tallest solar power tower at 262.44 metres. Sheikh Ahmed bin Saeed Al Maktoum, Chairman of the Dubai Supreme Council of Energy, accompanied by Saeed Mohammed Al Tayer, MD and CEO of Dubai Electricity …
Average CSP prices to fall by a half as Chile, Dubai projects near completion. The global average cost of new CSP projects is set to plummet in 2020 and 2021, based on auction and power purchase agreement (PPA) data, the International Renewable Energy Agency (IRENA) said in its latest annual Renewable Power Generation Cost report. …
Continue reading “Global Concentrated Solar Power costs dive as learnings kick in”
Falling PV costs may have curbed Concentrated Solar Power growth, but they are also accelerating hybrid CSP-PV deployment. In Spain, CSP operators are designing new storage systems that can be retrofit to existing plants to provide dispatchable power at night. As PV and wind capacity grows, the value of storable power will rise. Spain’s Abengoa …
Continue reading “Abengoa to install first retrofit Concentrated Solar Power storage pilot”
Wind energy represented 21.9% of the electricity demand in Spain in May, concentrated solar power 3.3% and photovoltaic energy 9, 3%. 52.5% of the monthly generation was from renewable sources and 70.8% were produced from technologies that do not emit CO2 equivalent. The demand for electrical energy decreased in the Balearic Islands by 31.3% and …
Continue reading “Demand for electrical energy in Spain falls 13.1% in May”
Renewable electricity costs have fallen sharply over the past decade, driven by improving technologies, economies of scale, increasingly competitive supply chains and growing developer experience. Since 2010, utility-scale solar PV power has shown the sharpest cost decline at 82%, followed by concentrating solar power (CSP) at 47%, onshore wind at 39% and offshore wind at …
Continue reading “Irena: Concentrated Solar Power costs have fallen by 47%”
Among other results, the study carried out by researchers at the Center for Solar Energy Technologies of Fraunhofer Chile, shows that the optimal location to install a Concentrated Solar Power tower plant, due to costs and solar potential, is near the city. de Copiapó, with a LCOE -level energy cost- of 77 USD / MWh …