The International Renewable Energy Agency (IRENA) has reported that energy generation and installation costs of concentrated solar power (CSP) projects fell sharply in 2018, down more than 40% from 2010. IRENA analyzed multiple financial and technical parameters related to concentrated solar power projects in its latest report Renewable Power [...]
Renewable energy has become an increasingly competitive way to meet new power generation needs. This comprehensive cost study from the International Renewable Energy Agency (IRENA) highlights the latest trends for each of the main renewable power technologies. Released ahead of high-profile United Nations energy and climate discussions, Renewable Power Generation [...]
The tower form of Concentrated Solar Power (CSP) is very young technology. Less than a gigawatt is deployed globally, making it a nascent technology at the “Cambrian explosion” stage; multiple innovations are still being explored to cut costs. (How tower CSP works) A new economic study looks at reducing [...]
Industrial power and heat developers are adapting designs to minimize construction costs and shorten payback periods and greater financing support could see costs fall by a half, industry experts told New Energy Update. Falling technology costs and growing carbon reduction objectives have spurred industrial companies to turn towards renewable energy [...]
Concentrated Solar Power (CSP) plants initially won their place on the market thanks to government subsidies. Current trends reveal, however, that development efforts have meanwhile pushed this technology in combination with photovoltaic (PV) installations to competitive parity with fossil power generation. Global ordered capacity all steam turbine manufactures, Source: [...]
Developers of large-scale renewable energy projects in the Gulf Cooperation Council (GCC) must use innovative financing structures to minimize costs amid a growing demand for funding, the International Renewable Energy Agency (IRENA) said in a report on the Middle East region, published January 15. The GCC members are Saudi Arabia, [...]
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 [...]
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 [...]
U.S. researchers are seeking data from over half of global CSP projects to help lower financing costs that are hampering competitiveness, Mark Mehos, Program Manager, CSP at the National Renewable Energy Laboratory (NREL), told New Energy Update. The U.S. National Renewable Energy Laboratory (NREL) launched October 1 a global study [...]
Sandia National Laboratories will receive $10.5 million from the Department of Energy to research and design a cheaper and more efficient solar energy system. The work focuses on refining a specific type of utility-scale solar energy technology that uses mirrors to reflect and concentrate sunlight onto a receiver on [...]
Storage of renewable energy for on-demand distribution of cost competitive and clean electricity is key for fossil-free power generation. Swedish solar technology company, Cleanergy and Masen (Moroccan Agency for Sustainable Energy) have an ongoing collaboration to address this challenge. The Masen-Cleanergy collaboration is now intensifying through new joint development agreement. [...]
International technology and infrastructure group Abengoa, which has developed a portfolio of three concentrated solar power (CSP) projects in South Africa, believes blending CSP with solar photovoltaic (PV) technology is the logical next step for lowering CSP costs, while also producing dispatchable solar power. The Spanish group recently completed construction [...]
Developer ACWA Power has now signed key PPA and EPC agreements for the 700 MW plant in Dubai while Chinese partner Shanghai Electric has started optimization activities along the supply chain, project partners told the MENA New Energy 2018 conference. Last month, Saudi Arabia’s ACWA Power signed an Engineering, [...]
