thermal energy storage molten salt News

Abengoa closes USD 660 million project financing for Xina Solar One, 100 MW solar power plant in South Africa

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, with its partners the Industrial Development Corporation (IDC), the Government Employees Pension Fund represented by the Public Investment Corporation (PIC) and Kaxu Community Trust, closed the ...

Mar. 13, 2015

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

Abengoa signs power purchase agreement and secures financing of Xina Solar One, 100 MW solar thermal plant in South Africa

Abengoa (MCE: ABG.B/P SM /NASDAQ: ABGB) an international company that applies innovative technology solutions for sustainability in the energy and environmental sectors, announced today that, in an institutional ceremony with the Department of Energy of South Africa at their premises in Centurion, it has, with its partners the Industrial Development Corporation (IDC), the Government Employees ...

Dec. 15, 2014

CSP projects set for cost reductions from wider roll out of molten salt storage: Halotechnics

The development of scalable storage-only technology, using electricity to heat molten salts, would help reduce costs for CSP projects, Justin Raade, CEO of energy storage systems supplier Halotechnics, said. The deployment of molten salt storage on a wider range of generation types would increase the bankability of CSP with storage, Raade told CSP Today. Halotechnics is proposing to use thermal ...

Jun. 5, 2015

Abengoa will develop a new 100 MW solar plant in South Africa

Abengoa (MCE: ABG.B/P SM /NASDAQ: ABGB), the international company that applies innovative technology solutions for sustainability in the energy and environment sectors, has been selected by the Department of Energy (DOE) of South Africa to develop Xina Solar One, a 100 MW parabolic trough plant with a five-hour thermal energy storage system using molten salts. This project will form the largest ...

Oct. 29, 2013

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

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

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

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

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

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

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 National Renewable Energy Laboratory (NREL)

NREL to Help Four Start-ups Ramp up Solar Energy Innovations

Companies with innovative, game-changing ways to lower the cost of solar energy have been awarded $5.8 million to work with the U.S. Department of Energy’s National Renewable Energy Laboratory. The SunShot Incubator Program is an expansion of DOE's successful PV Technology Incubator Program, launched in 2007, which to date has funded $60 million in projects and leveraged $1.3 billion in ...

Sep. 1, 2011

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 Yingli Green Energy Holding Co., Ltd.

Yingli Green Energy to Supply 96 MW PV Modules to One of the Largest Solar Projects in South Africa

Yingli Green Energy Holding Company Limited (NYSE: YGE) ("Yingli Green Energy" or the "Company"), a leading solar energy company and one of the world's largest vertically integrated photovoltaic ("PV") manufacturers, which markets its products under the brand "Yingli Solar", today announced that the Company has signed a contract to supply 96 MW of PV modules to the Jasper PV, located in South ...

May 30, 2013

Secretary Chu awards $9.6 million for transformational energy research projects

U.S. Secretary of Energy Steven Chu today announced the selection of six transformational energy research and development projects that could revolutionize how the country uses, stores and produces energy. Funded with $9.6 million from the American Recovery and Reinvestment Act, the projects announced today round out the selections made by the Department of Energy's Advanced Research Projects ...

Sep. 10, 2010

By US Department of Energy

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

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