Tag Archives: CSP

Solar Power Now Produces a Better Energy Return on Investment Than Oil

In 2016, according to a trends analysis based on this report by the Royal Society of London, the energy return on energy investment (EROEI) for oil appears to have fallen below a ratio of 15 to 1 globally. In places like the United States, where extraction efforts increasingly rely on unconventional techniques like fracking, that EROEI … Continue reading Solar Power Now Produces a Better Energy Return on Investment Than Oil

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Abengoa receives Provisional Acceptance Certificate for Khi Solar One, the first concentrated solar power tower plant on the African continent

Khi Solar One has 50 MW of installed capacity and a two-hour storage capacity, incorporating cutting-edge technology developed by Abengoa. Following commissioning, the plant is officially handed over to Khi Solar One Pty. Ltd, a corporation that is made up of Industrial Development Corporation (IDC), Khi Community Trust and Abengoa. Abengoa (MCE: ABG.B), the international … Continue reading Abengoa receives Provisional Acceptance Certificate for Khi Solar One, the first concentrated solar power tower plant on the African continent

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High Renewable Energy Electricity Growth Continued in 2015

The 2015 Renewable Energy Data Book shows that U.S. renewable electricity grew to 16.7 percent of total installed capacity and 13.8 percent of total electricity generation during the past year. Published annually by the National Renewable Energy Laboratory (NREL) on behalf of the Energy Department’s Office of Energy Efficiency and Renewable Energy, the data book … Continue reading High Renewable Energy Electricity Growth Continued in 2015

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The NOORo I, II and III concentrated solar power plants at COP22

NOORo I, NOORo II and NOORo III, three solar thermoelectric power plants belonging to the largest solar complex on the planet, located in Ouarzazate (Morocco), are turnkey developments of the SENER engineering and technology group, in which the latter provides its own technology. These facilities are expected to attract the attention of the majority of … Continue reading The NOORo I, II and III concentrated solar power plants at COP22

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Morocco: Why Invest in Concentrated Solar Power?

New technologies are often caught in a bind. Their true value only emerges once people begin to use them, but until they have a proven track record few are willing to try. Breaking out of that bind and establishing a track record requires someone with vision – who can both recognize the potential inherent in … Continue reading Morocco: Why Invest in Concentrated Solar Power?

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Molten Storage and Thermophotovoltaics Offer New Solar Power Pathway

A new wrinkle on an old technology – solid-state thermophotovoltaics (TPV) – could provide a high-efficiency alternative for directly converting high-temperature heat from concentrated solar thermal to utility-scale electricity.   New computer modeling suggests that high temperature TPV conversion – which captures infrared radiation from very hot surfaces – could one day rival combined-cycle turbine … Continue reading Molten Storage and Thermophotovoltaics Offer New Solar Power Pathway

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Anniversary of South Africa’s launching 450 MW Concentrated Solar Power allocation in REIPPPP Rd 4.5

South Africa launched in July 2015 round 4.5 of its Renewable Energy Independent Power Producer Procurement Programme (REIPPPP), to procure an additional 1.8 GW of renewable energy capacity. News says some 450 MW of the capacity is to be allocated to CSP projects and seven CSP projects were bid. One year has passed after the … Continue reading Anniversary of South Africa’s launching 450 MW Concentrated Solar Power allocation in REIPPPP Rd 4.5

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ACWA Power, SolarReserve to break ground on 100 MW Concentrated Solar Power plant in South Africa

SolarReserve and Saudi ACWA Power will break ground on a joint project for 100 MW  concentrated solar power (CSP) plant in South Africa in September, Terence Govender, SolarReserve’s vice president of development was quoted as saying by news agency Ecofin.   The project was selected within the 3.5 bid window under South Africa’s Renewable Energy … Continue reading ACWA Power, SolarReserve to break ground on 100 MW Concentrated Solar Power plant in South Africa

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Masdar consortium wins Dubai 800 MW concentrated solar power deal

HE Saeed Mohammed Al Tayer, MD & CEO of Dubai Electricity and Water Authority (DEWA) announced today the selected bidder for the 800 megawatt (MW) third phase of the Mohammed bin Rashid Al Maktoum Solar Park, which will be constructed based on the Independent Power Producer (IPP) model. HE Dr. Sultan Ahmed Al Jaber, Minister … Continue reading Masdar consortium wins Dubai 800 MW concentrated solar power deal

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Average Costs for Solar Power and Wind Energy Electricity Could Fall 59% by 2025

The average costs for electricity generated by solar and wind technologies could decrease by between 26 and 59 per cent by 2025, according to a report released today by the International Renewable Energy Agency (IRENA).   The average costs for electricity generated by solar and wind technologies could decrease by between 26 and 59 per … Continue reading Average Costs for Solar Power and Wind Energy Electricity Could Fall 59% by 2025

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Global solar energy market size is likely to exceed USD 140 billion by 2023

Global solar energy market size was estimated at over USD 65 billion in 2015 and is likely to exceed USD 140 billion by 2023. Cumulatively, more than 178 GW of power was installed in 2015 and is estimated to reach more than 600 GW over the forecast period, including both photovoltaic and concentrated thermal power. … Continue reading Global solar energy market size is likely to exceed USD 140 billion by 2023

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Bokpoort Concentrated Solar Power Plant delivers six days of continuous, full-load electricity – an African record

ACCIONA, SENER and TSK built Concentrated Solar Power (CSP) plant in South Africa has set a new African record for the continuous, round the clock supply of electricity. Within the first month of commercial operation, the newly-inaugurated 50 MW Bokpoort CSP plant, produced electricity for a continuous period of 161 hours, equivalent to almost six … Continue reading Bokpoort Concentrated Solar Power Plant delivers six days of continuous, full-load electricity – an African record

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Dubai will launch concentrated solar power (CSP) projects to generate 1,000 megawatts by 2030

The Dubai Electricity and Water Authority (DEWA) will launch concentrated solar power (CSP) projects to generate 1,000 megawatts by 2030. The energy mix will include 61 per cent from natural gas, 25 per cent from solar energy, 7 per cent from clean coal and 7 per cent from nuclear power by 2030. The project will … Continue reading Dubai will launch concentrated solar power (CSP) projects to generate 1,000 megawatts by 2030

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A Record Breaking Year for Renewable Energy

Today REN21 published the most comprehensiveannual overview of the state of renewable energy. The Renewables 2016 Global Status Report reveals that renewables are now firmly established as competitive, mainstream sources of energy in many countries around the world. 2015 was a record year for renewable energy installations. Renewable power generating capacity saw its largest increase … Continue reading A Record Breaking Year for Renewable Energy

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SENER and ACCIONA start the turnkey construction of the Kathu Concentrated Solar Power for 500 million Euros

Located in the town of Kathu, in South Africa’s Northern Cape Province, this project makes up part of the 2010 IRP (Integrated Resource Program) National Electricity Plan, and will provide an increase in the country’s generation capacity until it reaches 86.8 GW in 2030, of which 24% will be renewable. It should be noted that … Continue reading SENER and ACCIONA start the turnkey construction of the Kathu Concentrated Solar Power for 500 million Euros

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Renewable Energy Employs 8.1 Million People Worldwide

More than 8.1 million people worldwide are now employed by the renewable energy industry – a five percent increase from last year – according to a report released today by the International Renewable Energy Agency (IRENA) at its 11th Council meeting. The report, Renewable Energy and Jobs – Annual Review 2016, also provides a global … Continue reading Renewable Energy Employs 8.1 Million People Worldwide

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Abengoa operates a concentrated solar power tower plant for 24 consecutive hours

The Khi Solar One plant has been developed by Abengoa and Industrial Development Corporation of South Africa (IDC) and began operating in February, 2016.   Abengoa (MCE: ABG.B/P SM /NASDAQ: ABGB), the international company that applies innovative technology solutions for sustainability in the energy and environment sectors, together with the IDC and Khi Community Trust, … Continue reading Abengoa operates a concentrated solar power tower plant for 24 consecutive hours

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Developing nations top investors in renewables in 2015

Wind energy added 62GW, and photovoltaics 56 GW, with more modest contributions coming from biomass, geothermal, solar thermal and “waste-to-power”, in which waste products are recycled. Investment in renewable energy hit a record USD 286 billion in 2015, more than half of which came from developing countries for the first time, according to a UN … Continue reading Developing nations top investors in renewables in 2015

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Chile to auction areas for wind energy and solar power

Chile is set to auction off vast new areas of land for anyone who will use the space to develop solar power or wind energy projects. Chile has a fast growing renewable energy sector, setting a target that 20 percent of its energy will be renewable by 2025. The Chilean Ministry of National Assets made … Continue reading Chile to auction areas for wind energy and solar power

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OPIC partners with Solarreserve and ACWA power to develop landmark South African concentrated solar power plant

As part of Secretary John Kerry’s Climate and Clean Energy Investment Forum, the Overseas Private Investment Corporation (OPIC) today signed an agreement with U.S. based energy developer SolarReserve and Saudi Arabia based ACWA Power , recognizing OPIC’s $400 million commitment of debt financing to support the development of the Redstone Concentrating Solar Power (CSP) project … Continue reading OPIC partners with Solarreserve and ACWA power to develop landmark South African concentrated solar power plant

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