molten salt thermal energy storage News

ContourGlobal sells 49% stake in Spanish CSP plants; Africa’s AfDB agrees $212mn loan for Redstone CSP

ContourGlobal has agreed to sell 49% of 250 MW of Spanish CSP assets to a fund advised by Credit Suisse Energy Infrastructure Partners (CSEIP), ContourGlobal announced December 6. ContourGlobal purchased the five 50 MW assets from Spain's Acciona earlier this year. The plants are situated in south-west Spain and came online between 2009 and 2012. The new buyer will pay 134 million euros ($152.8 ...

Dec. 12, 2018

By New Energy Update

SolarReserve Receives Environmental Approval For Breakthrough Solar Plant With Energy Storage In Chile

SolarReserve, the industry leader in baseload solar power solutions and advanced solar thermal technology, has received environmental approval from the Chilean government to develop one of the world's largest solar projects with energy storage. Utilizing SolarReserve's proprietary solar thermal energy storage technology, the Copiapó Solar Project, scheduled to reach commercial operation in ...

Aug. 20, 2015

By SolarReserve, LLC.

GlassPoint to develop new 2 GW CSP plant in Oman; Spain set to kickstart solar growth

GlassPoint Solar has signed a memorandum of understanding (MoU) with Occidental of Oman to develop a 2 GW CSP plant for enhanced oil recovery (EOR) at the Mukhaizna oilfield. Preliminary studies have been completed and the partners have started engineering work to define the project scope and field integration plans, the companies said in a joint statement. GlassPoint is already developing the ...

Nov. 28, 2018

By New Energy Update

247Solar to use advanced Chinese heliostats; Cerro Dominador starts salt melting

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 ...

Feb. 26, 2020

By Reuters Events

DOE channels $44 million into CSP; Cubico fund buys 50 MW CSP plant in Spain

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 ...

Feb. 12, 2020

By Reuters Events

Chile CSP pioneer signs PPA with Copec; Silicon storage to replace Aurora CSP project

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 ...

Jan. 8, 2020

By Reuters Events

President Obama Announces a conditional commitment offer for a $1.45 billion Federal Loan Guarantee for Abengoa Solar Inc.

President Obama Announces a conditional commitment offer for a $1.45 billion Federal Loan Guarantee for Abengoa Solar Inc. Loan proceeds will be used for the construction of the Solana project (Solana), the largest concentrating solar power (CSP) plant in the world. Federal stimulus advances Solana toward construction. Sevilla, Spain. Loan proceeds will be used for the construction of the Solana ...

Jul. 5, 2010

By Abengoa Solar

Receiver installed at Cerro Dominador; China starts build of nano tech storage

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 ...

Mar. 18, 2020

By Reuters Events

CSP investors return to Spain as market outlook brightens

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 ...

Feb. 26, 2020

By Reuters Events

Abengoa eyes CSP storage role at climate-hit coal plants

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 ...

Jan. 29, 2020

By Reuters Events

DOE funds 15 new solar power storage and heat transfer projects

U.S. Department of Energy (DOE) recently announced selections for negotiations of award under the Funding Opportunity Announcement (FOA), Advanced Heat Transfer Fluids and Novel Thermal Storage Concepts for Concentrating Solar Power Generation. These 15 new projects, for up to approximately $67.6 million, will facilitate the development of lower-cost energy storage for concentrating solar power ...

Sep. 22, 2008

By US Department of Energy

Abengoa beats CSP peak hour targets in new plant build record

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. ...

Sep. 18, 2019

By New Energy Update

SolarReserve Receives Final Licensing Decision for 150-Megawatt Rice Solar Energy Project in California

Key state permit approved for construction of California’s first commercial-scale molten salt solar power tower; thermal energy storage technology will provide firm, reliable power. SolarReserve, a U.S. developer of utility-scale solar power projects, has received a final decision from the California Energy Commission (CEC) for construction and operation of the Rice Solar Energy Project. ...

Dec. 16, 2010

By SolarReserve, LLC.

Bokpoort CSP hits supply record

Bokpoort CSP plant reaches record 161 hours of full-load operation ACWA Power’s Bokpoort CSP plant in South Africa’s Northern Cape Province has broken a record for the continuous, round-the-clock supply of electricity, ACWA announced on April 26. The newly inaugurated 50 MW plant produced electricity for 161 straight hours within the first month of its commercial operation. The ...

May 4, 2016

By New Energy Update

Abengoa and Shikun & Binui Renewable Energy close project financing for Ashalim, a 110 MW solar power plant in Israel

Abengoa (MCE: ABG.B/P SM /NASDAQ: ABGB), the international company that applies innovative technology solutions for sustainability in the energy and environmental sectors, announced today that it has closed, together with its partner the Israeli global infrastructure group Shikun & Binui, the non-recourse project financing for Ashalim. The total investment of the project will be approximately ...

Jul. 20, 2015

By Abengoa

Israel’s 121 MW Ashalim Plot B plant set for 50% expansion but regulation stunts other projects

“There is a very large shadow covering Israel’s real potential for CSP based applications. The reason for this shadow is primarily driven by existing energy laws, government regulation, political structure and incentive approach nationwide,” Gadot told CSP Today. Gadot’s comments come a month after Megalim, developer of Ashalim Plot B, said it is in talks with the ...

Jul. 10, 2015

By New Energy Update

SCHOTT Completes Delivery for Bokpoort CSP Project in South Africa

The SCHOTT group has supplied a major order of approximately 26,000 of its award-winning SCHOTT PTR® 70 receivers to the Bokpoort CSP project in South Africa. The consortium UTE Solafrica, a compound of Acciona, Sener, TSK and Crowie, has commissioned SCHOTT to deliver the receivers, which were manufactured in Spain and Germany during the last months. SCHOTT’s high-tech products ensure ...

Oct. 27, 2014

By SCHOTT AG / SCHOTT Solar CSP GmbH

Eni seeks CSP opportunities; Engie signs South African PPA

Eni rolls out renewables plan, eyes CSP Italian oil and gas producer Eni has announced that it will develop new renewable energy generation projects, including CSP plants, near the company’s facilities in Italy, Pakistan and Egypt in order to make the most of industrial, logistic, contractual and commercial synergies with the company's traditional activities. The projects will help revive ...

May 17, 2016

By New Energy Update

CSP Parabolic trough innovations you can take to the bank

In today’s aggressive solar market, CSP parabolic trough innovations that increase parabolic trough plants’ operating efficiency are vital. Some innovations already promise to cut costs by up to 65%, according to the latest CSP Parabolic Trough Report: Cost and Performance now available is Spanish. So which are the most promising innovations out there, and which of these will prove ...

Jun. 14, 2011

By New Energy Update

CSP Parabolic trough innovations you can take to the bank

In today’s aggressive solar market, CSP parabolic trough innovations that increase parabolic trough plants’ operating efficiency are vital. Some innovations already promise to cut costs by up to 65%, according to the latest CSP Parabolic Trough Report: Cost and Performance now available is Spanish. So which are the most promising innovations out there, and which of these will prove ...

Jun. 14, 2011

By New Energy Update

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