thermal energy storage molten salt News

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 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 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

Maricopa County Approves SolarReserve`s 150 Megawatt Arizona Solar Energy Project

SANTA MONICA, Calif., Nov. 20, 2012/PRNewswire/ -- SolarReserve, a U.S. developer of utility-scale solar power projects, announced today that it has received its Special Use Permit (SUP) by unanimous decision from the Board of Supervisors of Maricopa County, Arizona for its Crossroads Solar Energy Project. The approval includes 150 megawatts (MW) of electrical generating capacity using ...

Nov. 20, 2012

U.S. Department of Interior Approves SolarReserve´s 100 MW Arizona Solar Power Project

SANTA MONICA, Calif., June 4, 2013 /PRNewswire/ -- U.S. Secretary of the Interior Sally Jewell announced the approval of the Record of Decision (ROD) for the Quartzsite Solar Energy Project located in La Paz County, Ariz. With this authorization, SolarReserve, a U.S. developer of large-scale solar power projects, is proceeding with the development of its 100 megawatt project, located on Bureau ...

Jun. 4, 2013

Completion of Molten Salt Solar Receiver sets Milestone in Nevada Solar Project Construction

SolarReserve, a U.S. developer of large-scale solar power projects, today announced completion of the assembly of the molten salt receiver panels that sits on top of the 540 foot solar power tower for its 110 megawatt (MW) Crescent Dunes Solar Energy Plant located near Tonopah, Nev. Utilizing the most advanced solar thermal technology worldwide, the Crescent Dunes Plant will be the nation's ...

Apr. 2, 2013

SolarReserve Executive Selected for Aspen Institute First Mover Fellowship

SolarReserve, a leading U.S. developer of large-scale solar power projects, today announced that Stephen Mullennix, senior vice president of operations at SolarReserve, was selected to join the Aspen Institute Business and Society Program's fifth class of First Mover Fellows. Individuals are chosen based on their successful efforts to expand business while promoting a sustainable economy ...

Jun. 6, 2013

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

Consortium of SolarReserve, Kensani and Intikon Completes $586 Million Financing for Two South African Solar Projects

JOHANNESBURG, Nov. 13, 2012/PRNewswire/ -- The consortium consisting of SolarReserve a U.S. developer of utility-scale solar power projects; the Kensani Group, an experienced empowerment investment and financial advisory player in South Africa; and Intikon Energy, a South African developer of renewable energy projects, has successfully closed financing for two 75-megawatt (MWDC) solar ...

Nov. 14, 2012

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

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

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