Silicon panels pretty much rule the solar energy sector, with more than 90% of panels manufactured using the versatile element. This is not by chance; Si PV cells are cheap, robust, relatively easy to install, and perform reliably for decades. Unfortunately, they also come with a major drawback: Silicon PV panels are quite inefficient, with […]
ACWA Power leads South Africa’s largest Renewable Energy Project Redstone CSP to Financial Close
The ZAR 11.6 billion Redstone concentrated solar power (CSP) plant to power 200,000 households upon completion Commercial operation scheduled to start in Q4 2023 Johannesburg, South Africa : ACWA Power, a leading Saudi developer, investor and operator of power generation and water desalination plants in 13 countries and the lead shareholder in the Redstone concentrated […]
Work in full swing on giant MBR solar power project
Dubai Electricity and Water Authority (Dewa) said work is progressing at a steady pace on the 950MW Phase Four of the Mohammed bin Rashid Al Maktoum Solar Park, the largest concentrated solar power (CSP) project globally that features the world’s tallest solar power tower standing at 262.44 m. Around 87 per cent of the work […]
Think-tank urges stricter power auction rules
An infrastructure-oriented think-tank is urging the Department of Energy (DOE) to implement stricter rules in the competitive selection process (CSP) of power distribution utilities after three bidders, particularly Kingstone Energy, were disqualified from the Manila Electric Company’s (MERALCO) CSP bidding for 1,800 megawatts (MW) of power supply. “While the CSP has been proven as a […]
Botswana is Now Looking for Bids to Build 200 MW of CSP
Under a new integrated resource plan published by the government in December 2020, Botswana plans to build 200 MW of CSP capacity by 2026. The procurement process will start this year, it said. The plan, which received the backing of Botswana and Namibia government officials and the World Bank, proposed a phased approach to large-scale […]
After Violent Clashes of 2019, Investors Reassess Chile’s Prospects for Renewable Energy
Social unrest led Chile to give up hosting the U.N.‘s COP25 summit in December, but investors are showing signs of confidence in the country’s renewables market. Investors believe the prospects remain strong for Chile’s hot renewables market, despite recent social unrest that caused the nation to relinquish hosting climate talks last year. Chile was forced […]
CSP with energy storage to ensure stable and reliable power supply, says GlobalData
CSP with thermal storage will bridge dispatchable energy gap according to GlobalData, a leading data and analytics company. The company’s latest report ‘Energy Storage – A Key Determinant for the Future of Concentrated Solar Power Market’ reveals that retirements of coal based plants and increase in influx of intermittent renewable power sources in order to […]
