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Renewables remain competitive despite fossil fuel prices returning closer to historical cost levels, concludes Renewable Power Generation Costs in 2023, released by the International Renewable Energy Agency (IRENA) at the Global Renewables Summit during the UN General Assembly in New York this week. Of the record 473 gigawatts added in 2023, 81% or 382 GW of newly commissioned, utility-scale ...
The U.S. Department of Energy celebrated the groundbreaking of its Generation 3 concentrating solar-thermal pilot facility at Sandia National Laboratories. This demonstration is the culmination of a $100 million research effort to develop next-generation concentrating solar-thermal power (CSP) plants and showcase storage technology that could provide one gigawatt of storage for one hour at a ...
The U.S. Department of Energy this week awarded nearly $40 million to 40 projects that are advancing the next generation of solar, storage, and industrial technologies necessary for achieving the Biden-Harris administration's climate goal of 100% clean electricity by 2035. Specifically, the projects will reduce the cost of solar technologies by increasing the lifespan of photovoltaic (PV) systems ...
The share of renewable energy that achieved lower costs than the most competitive fossil fuel option doubled in 2020, a new report by the International Renewable Energy Agency (IRENA) shows. 162 gigawatts -- or 62 per cent of total renewable power generation added last year -- had lower costs than the cheapest new fossil fuel option. Renewable Power Generation Costs in 2020 shows that costs for ...
Dear Executive Vice-President Timmermans and Commissioner Simson, We call on you to establish an EU-wide renewable risk mitigation schemes to de-risk private sector investment in capital-intensive renewable energy solutions in the Renewable Energy Directive. Member States are obliged to reduce the capital cost of renewable energy technologies under Article 3.5(1) of the Renewable Energy ...
A Danish aid plan to support electricity production from renewable sources has won the approval of the European Commission. Denmark will invest €400 million (nearly US$481 million) to support renewables such as onshore and offshore wind turbines, wave power plants, hydroelectric power plants and solar photovoltaics. The Commission found that the aid is necessary to further develop the ...
MGM is pleased to welcome Joseph E. Biben Sales Corp. to the team. Operating with a staff of 21 from a 66,000 sqft warehouse/ HQ facility located in Folcroft, Pennsylvania. Biben Sales under the direction of Gene Biben, CEO and Bill Solomon, President, Biben covers the territory of Eastern PA, Southern NJ, Delaware, MD and 5 counties in Northern VA. with 12 sales engineers spread across two ...
During the virtual Solar Quality 2020 event, SolarPower Europe’s Lifecycle Quality Workstream presented an industry-first Engineering, Procurement and Construction (EPC) Best Practice Guidelines, version 2.0 of its industry-standard Asset Management Best Practice Guidelines, as well as the Asset Management Best Practice Mark, a voluntary quality label for providers that includes a ...
Cape Light Compact (the Compact) has selected Enbala's Concerto distributed energy control platform to help meet its aggressive demand response objectives. Concerto will be used to enable Virtual Power Plants (VPPs) that connect and control aggregations of battery energy storage systems - along with a wide variety of additional distributed energy resources (DERs) - within the Compact's energy ...
Abengoa, Acciona install receiver at Chile's Cerro Dominador EPC partners Abengoa and Acciona have installed the receiver at the 110 MW Cerro Dominador CSP tower project in Chile, Abengoa said in a statement March 5. Located in the Atacama Desert and due online this year, the Cerro Dominador plant is Latin America's first CSP plant and features a record 17.5 hours of molten salt thermal energy ...
New tariff legislation, proven plant performance and a growing need for storage is increasing investor confidence in Spanish CSP ownership, investors told New Energy Update. Earlier this month, UK-based investment fund Cubico Sustainable Investments acquired the 50 MW Arenales Solar Plant in Seville, southern Spain, from the PanEuropean Infrastructure Fund. Online since 2013, the Arenales ...
Modular CSP developer 247Solar to install advanced Chinese heliostats CSP developer 247Solar has signed a deal with China's CASEN for the supply of heliostats and control systems at its first demonstration high-temperature Brayton cycle CSP plant module in Morocco, the companies said in a joint statement February 20. 247Solar is currently building its first fully-operational demonstration ...
Soon to hit the market, auto-calibrating heliostat systems will cut capex, accelerate construction times and expand siting potential, suppliers told New Energy Update. As CSP developers drive for lower costs, heliostat performance has become a key area of research. Heliostats can represent half of the capital costs of a CSP plant and misalignment can severely impact performance. Alignment ...
DOE prioritizes supercritical CSP in latest funding round The U.S. Department of Energy (DOE) is to provide up to $44 million to CSP-related R&D projects in its latest $125.5 million funding round for solar technologies, the DOE said February 5. The department is to provide a total of $39 million to one or two projects that build and demonstrate supercritical carbon dioxide (sCO2) Brayton ...
CSP and molten salt technology could help coal-fired generators decarbonize without closing sites, but price support will be needed, experts told New Energy Update. While many CSP developers are seeking to directly compete with coal-fired power generation, a small group of players see opportunities in working with coal plant operators. Many governments have sidelined growing climate change ...
Shanghai Electric completes Noor Energy 1 CSP tower in Dubai Construction partners on the 950 MW Noor Energy 1 CSP-PV project in Dubai completed the 260-meter high receiver tower on January 9, Shanghai Electric, lead EPC contractor, said in a statement. The $4.4 billion Noor Energy 1 project will be the world's largest CSP plant and includes a 100 MW CSP tower plant, three 200 MW parabolic ...
Cutting-edge camera technology and irradiation forecasts could increase CSP revenues by several percentage points and boost competitiveness in key China and Middle East markets, researchers say. Advances in sky camera systems are set to drive up CSP efficiency in the coming years. In November, U.S. technology developer Heliogen hit CSP tower temperatures of over 1,000° C by using ...
Cerro Dominador signs PPA with Copec energy group Cerro Dominador, Latin America's first CSP plant, has signed a five-year power purchase agreement (PPA) with Chilean fuel distributor Copec, Cerro Dominador, a subsidiary of EIG Global Energy Partners, said December 11. Located on a 146-hectare site in the Atacama desert, the 110 MW Cerro Dominador plant will enter commercial operations this ...
FREE CSP WEBINAR - 'Concentrated Solar Power Cost and Commodity Analysis' Thursday 31st October | 2-3pm GMT Can’t make it live? Sign up now and you’ll receive the full recording and slides straight to your inbox. 60-minute CSP Webinar Presentations and Q&A with: Parthiv Kurup, CSP Cost and Systems Analyst, NREL Prof Chris Sansom, Head of Centre - Renewable Energy ...
In record time, Abengoa met granular performance targets at Xina Solar One that maximize evening output, highlighting the advancements made in CSP construction and operations. Last month, Abengoa passed early-phase generation tests at its 100 MW Xina Solar One CSP plant in South Africa in its fastest ever time, achieving guaranteed production targets within 16 months of plant commissioning. ...