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, [...]
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 [...]
Mr. Adnan Z. Amin, Director-General of the International Renewable Energy Agency (IRENA), congratulated His Majesty, King Mohammed VI of Morocco for his country’s remarkable progress in the pursuit of renewable energy, during a recent visit. Mr. Amin was in Tangiers to attend the 19th Throne Day reception – marking [...]
Global CSP capacity hit 4.95 GW at the end of 2017, according to the International Renewable Energy Agency’s annual report on global renewables capacity. The 100 MW Xina plant in Pofadder, South Africa was the only CSP plant to begin commercial operations in 2017, marking the slowest year for [...]
Auction results suggest that CSP will provide electricity for between $60/MWh and $100/MWh by 2020, according to the International Renewable Energy Agency’s annual report on renewable power costs. According to the report, CSP enjoys a higher learning rate – the percentage cost reduction experienced for every doubling of cumulative installed [...]
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 [...]
Michael Taylor Senior Analyst, Renewable Cost Status and Outlook at IRENA Interview by Carlos Márquez Q. I’m sure that you have seen in the news that the lowest bid for the 200 MW CSP plant in Dubai came at 9.45 US cents per kWh. Is this [...]
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 said that CSP costs could fall to between 8 US cents per kilowatt hour (kWh) and 12 cents per kWh depending on the location and solar resource quality. Regionally, the lowest cost was in Morocco at around 15 cents per kWh. The outlook is particularly positive, according to IRENA, [...]
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.
Large CSP plants can be equipped with a heat storage system to allow for heat supply or electricity generation at night or when the sky is cloudy.
Representatives from over 90 countries gathered in the United Arab Emirates on 24 and 25 June to outline a path for the months and years ahead to drive widespread, rapid scale-up of renewable energy.