The power generated from the Concentrated Solar Power (CSP) project will offset about 80,000 tonnes of carbon dioxide emissions every year, the developer claims. As per NREL estimates, the Concentrated Solar Power (CSP) project required an investment of about €230 million.
MEIL and other project Concentrated Solar Power (CSP) developers had filed a petition with the Central Electricity Regulatory Commission to consider a hike in the tariff, as the capital costs associated with solar thermal power projects have increased slightly over the last few years.
While the tariffs of solar photovoltaic power projects has fallen significantly over the last few years, the tariffs for solar thermal power projects have actually increased but remain close to the levels quoted by the companies that placed bids under the National Solar Mission in 2011.
With a delay of 18 months in commissioning the project, developers would be pleased that the government and regulatory bodies have been lenient on them and have not slapped penalties potentially worth millions of dollars. Solar PV project developers who had failed to meet their deadline had to pay heavy penalties.
We also recently reported the completion of a 100 MW CSP project, also under the National Solar Mission. The Concentrated Solar Power (CSP) project, owned by Reliance Power, is the world’s largest linear fresnel reflector CSP project.