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, [...]

Kuwait 1st Concentrated Solar Power plant 50MW Shagaya solar completed this year

Shagaya 50MW concentrated solar power (CSP) plant in under the Phase One of 2GW Kuwait Shagaya Renewable Park. As Mr. Oliver Baudson, Managing Director of TSK-Flagsol Engineering talks to CSP Focus, “the CSP project is now under construction, and will be fully completed by the end of this year, [...]

2018-05-30T13:46:08+00:0030-05-2018|Categories: BREAKING NEWS, NEWS, Sin categoría, Top News|Tags: , |

Middle East oil extraction creates great market for Concentrated Solar Power

Kuwait is currently finalizing tender terms for a solar CSP EOR plant of capacity up to 100 MWth at Ratqa oilfield, and to launch the tender later this year. Industry sources say that some 11 CSP companies have pre-qualified to bid on the tender. Click to read the news [...]

Kuwait Concentrated Solar Power tender tests efficiency gains in oil field steam generation

Kuwait is currently finalizing tender terms for a CSP steam production plant at a heavy crude oilfield operated by the Kuwait Oil Company (KOC). The state-owned operator plans to use solar steam for Enhanced Oil Recovery (EOR) to reduce natural gas consumption and free up domestic hydrocarbon resources for export, [...]

Kuwait Shagaya 50MW solar Concentrated Solar Power project operates in 2018

Shagaya 50MW CSP project, the first commercial CSP plant in Kuwait, is now under construction, and expected to be completed by the year of 2018. Developed by Kuwait Institute for Scientific Research (KISR), the project signed EPC contract (USD $385 million) with a consortium consisting of Spanish EPC company TSK [...]

2017-06-27T15:52:04+00:0027-06-2017|Categories: BREAKING NEWS, NEWS, Sin categoría, Top News|Tags: , |

Kuwait Oil Company looks to concentrated solar power to power crude extraction

Kuwait is exploring renewable energy-enhanced oil recovery techniques, mainly from concentrated solar power, to slash import bills. Kuwait Oil Company (KOC) said it was in discussions with companies to use concentrated solar power to extract oil as the Opec member country looks for alternative methods to maximise production at a [...]