International Renewable Energy Agency

Concentrated Solar Power costs are expected to fall by 79% by 2022

Concentrating Solar Power costs have already plummeted by 47% compared to 2010. It is likely that costs will continue their downward trajectory thanks to economies of scale, deployment in locations with better solar resources and lower costs of capital, according to a study by the International Renewable Energy Agency [...]

IRENA: Middle East Voncentrated Solar Power cost reductions require creative financing

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, [...]

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 [...]

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 [...]

Concentrated Solar Power (CSP) costs continue to fall: IRENA

For new projects commissioned in 2017, electricity costs from renewable power generation have continued to fall significantly compared to the fossil fuels, according to a new report from the International Renewable Energy Agency (IRENA). For new projects commissioned in 2017, electricity costs from renewable power generation have continued to fall [...]

Concentrated Solar Power (CSP) cost forecasts undervalue benefit to future grid balancing

Concentrated Solar Power (CSP) generation costs could drop to $77/MWh by 2025 but storage and hybrid solar plants can provide further value by following load, Jose Alfonso Nebrera, Director of Spanish engineering firm ACS SCE, said at the MENASOL 2016 conference on May 26. Global renewable energy expansion is reducing [...]

IRENA Estimates Africa’s Concentrating Solar Power (CSP) Potential

The research: outlines the maximum technical potential for solar photovoltaic (PV), concentrated solar power (CSP), wind power and bioenergy output in all continental African countries.

Shams 1 CSP features a dry-cooling system that significantly reduces water consumption

Shams 1 Concentrating Solar Power features a dry-cooling system that significantly reduces water consumption - a critical advantage in the arid desert.

Renewable Agency applauds hails UAE concentrated solar power launch

The International Renewable Energy Agency (IRENA) has welcomed the activation of the world’s largest operational Concentrating Solar Power (CSP) facility to date.