Tag Archives: Solar Power

Abengoa will invest $10,000 million in Concentrated Solar Power (CSP) in Chile

Spanish company Abengoa is behind the first concentrated solar power (CSP) 24/7 in the world, already built in region II. Spanish company Abengoa is behind the first concentrated solar power (CSP) 24/7 in the world, already built in region II. Plan includes other units lift of concentrating solar thermal power (CSP), which will be the first renewable energy based energy form. $ 10,000 million, a figure that far exceeds the cost of development a central like mega Alto Maipo, or even Hidroaysén Castilla–is what in Chile plans to invest in the Spanish company Abengoa in new generating renewable energy. All over a period … Continue reading Abengoa will invest $10,000 million in Concentrated Solar Power (CSP) in Chile

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SolarReserve Signs Contract to Supply Solar Power in Central America

SolarReserve, a leading global developer of utility-scale solar power projects and advanced thermal energy storage technology, today announced that it signed a supply contract for its 20 megawatt (MW) Acajutla photovoltaic (PV) solar power project in El Salvador as part of a highly competitive tender solicitation by the local electric distribution companies. The tender, the … Continue reading SolarReserve Signs Contract to Supply Solar Power in Central America

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MIT researchers develop a new solar energy receiver that turns solar power into steam

Concentrated Solar Power could benefit from this structure for small-scale or low temperature applications Scientists developed a new material structure, using a layer of graphite flakes and an underlying carbon foam, which generates steam by soaking up the sun.   The product is a porous, insulating material structure that floats on water. When sunlight hits … Continue reading MIT researchers develop a new solar energy receiver that turns solar power into steam

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Could China become a Concentrated Solar Power (CSP) exporter?

Concentrated Solar Power development in China is currently focused on the internal market. But the development of a pan-Asian energy network could make exports possible, too. China’s nascent CSP industry could one day export power across Asia if a vision for a pan-regional energy network becomes reality. Grenatec, an advocacy group touting plans for a … Continue reading Could China become a Concentrated Solar Power (CSP) exporter?

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Nigeria plan to use solar power for rural electrification

Nigeria has concluded plans to use solar energy for its rural electrification projects, Minister of Power, Chinedu Nebo, said on Tuesday. The West African country was working with relevant stakeholders to achieve the desire, Nebo told visiting guests from the Botswana Defense College in Abuja, the nation’s capital city. The minister said the ministry was … Continue reading Nigeria plan to use solar power for rural electrification

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Alstom obtains financing for Israeli concentrated solar power (CSP) plant

Alstom and its project partners have obtained financing to build a concentrated solar power (CSP) plant in Israel. Megalim Solar Power Ltd (Megalim) – a special purpose company formed by Alstom (25.05%), BrightSource (25.05%), and NOY Infrastructure & Energy Investment Fund (49,9%) – obtained the financing of the European Investment Bank and the Bank Hapoalim … Continue reading Alstom obtains financing for Israeli concentrated solar power (CSP) plant

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EC awards 40 M euros to Concentrated Solar Power (CSP) plant in Italy

Concentrated Solar Power (CSP) plant will be using a central tower technology that produces superheated steam to power a steam turbo-generator.     The European Commission (EC) said yesterday it is awarding up to EUR 125 million (USD 170m) in total for two Italian low-carbon energy demonstration projects, including a 50-MW concentrated solar power (CSP) … Continue reading EC awards 40 M euros to Concentrated Solar Power (CSP) plant in Italy

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Concentrated Solar Power (CSP) cooling system commissioned in Johannesburg, South Africa

MTN, the mobile network operator, has unveiled Africa’s first Concentrated Solar Power Cooling System that would power its data centres. Officials said this was in line with MTN’s commitment to reducing its carbon footprint. “MTN is acutely aware of the impact of global warming and its adverse impact on emerging markets including South Africa. “We continuously … Continue reading Concentrated Solar Power (CSP) cooling system commissioned in Johannesburg, South Africa

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Cyprus Concentrated Solar Power (CSP) project of 50 MW nabs EUR 60.2m in EU funds

The Eos concentrated solar power (CSP) project in Cyprus with a planned capacity of 50 MW received a EUR-60.2-million (USD 82m) grant under the European Commission’s (EC’s) NER 300 programme. Developer Alfa Mediterranean Enterprises is to install around 300 solar thermal receivers and hundreds of sun-tracking mirrors north of Limassol in Cyprus. The technology for … Continue reading Cyprus Concentrated Solar Power (CSP) project of 50 MW nabs EUR 60.2m in EU funds

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Alstom to build 121 MW concentrated solar power (CSP) plant in Israel

Alstom and its project partners have obtained financing to build a concentrated solar power (CSP) plant in Israel.   Megalim Solar Power Ltd (Megalim) – a special purpose company formed by Alstom (25.05%), BrightSource (25.05%), and NOY Infrastructure & Energy Investment Fund (49,9%) – obtained the financing of the European Investment Bank and the Bank … Continue reading Alstom to build 121 MW concentrated solar power (CSP) plant in Israel

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Alinta Energy to bet on 50 MW Concentrated Solar Power (CSP) plant in Australia

Alinta Energy plans to develop a 50 MW concentrated solar power (CSP) plant with storage at Port Augusta, South Australia. The power producer operates 512 MW of coal-fired power plants, also called the Port Augusta Power Stations, in South Australia. The plants are nearing the end of their operational life and Alinta has started a two-year … Continue reading Alinta Energy to bet on 50 MW Concentrated Solar Power (CSP) plant in Australia

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Iran launch new push for solar power

“More difficult than installing solar panels,” is changing the habits of people “who have got accustomed to cheap non-solar energy,” said Yusof Armoodli, head of Iran’s renewable energy department. In this village nestled in the arid hills of rural Iran, government-subsidized solar panels on the rooftops of homes provide both needed electricity and a shining … Continue reading Iran launch new push for solar power

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Canadian Solar announces 12.6 MW solar power supply agreement in Turkey

Canadian Solar Inc., one of the world’s largest solar power companies, today announced that it has recently signed a sales contract to supply 12.6MW of photovoltaic modules to Kayseri Organized Industry Zone (KOIZ) and a consortium of companies in KOIZ (BESLER Tekstil San. ve Tic. A.S and HASCELIK Group of companies- Hascelik Cable, Coreal Cable … Continue reading Canadian Solar announces 12.6 MW solar power supply agreement in Turkey

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Israel Concentrated Solar Power (CSP) plant gets private funding

Israel’s Finance Ministry said on Thursday the consortium that will build a 2.8 billion shekel ($810 million), 121-megawatt Concentrated Solar Power (CSP) plant in the country’s Negev desert has completed the financing for the project. The Concentrated Solar Power (CSP) plant, which the ministry said will be one of the largest of its kind, is … Continue reading Israel Concentrated Solar Power (CSP) plant gets private funding

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SunEdison, IDB, OPIC and CorpBanca Close US$ 190 Million Project Financing for one of the Largest Merchant Solar Power Plants in Latin America

The debt proceeds will be used in Chile for the construction of a 72.8 MWp (megawatt) solar power plant, to inject energy directly into the Sistema Interconectado del Norte Grande (SING), selling all its production in the spot market (merchant solar). SunEdison, a leading global solar technology manufacturer and provider of solar energy services, today … Continue reading SunEdison, IDB, OPIC and CorpBanca Close US$ 190 Million Project Financing for one of the Largest Merchant Solar Power Plants in Latin America

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First Solar Set to Build Largest Photovoltaic Solar Power Plant in Latin America

First Solar, Inc. (NASDAQ: FSLR) today announced it has received board approval from the Overseas Private Investment Corporation (OPIC), the U.S. Government’s development finance institution, and IFC, a member of the World Bank Group, for financing to support construction of the 141MW(ac) Luz del Norte solar power plant in Chile’s Atacama Desert. The loans, which … Continue reading First Solar Set to Build Largest Photovoltaic Solar Power Plant in Latin America

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72% of Australians want to keep or expand renewable energy, as Abbott government considers abolishing it

Australians overwhelmingly want the renewable energy target to be retained or even increased, as the Abbott government considers abolishing the incentive for new renewable projects. Polling for the Climate Institute shows 72% of Australians want to keep or expand the renewable energy target (RET), which requires that 20% of energy is sourced from renewables by … Continue reading 72% of Australians want to keep or expand renewable energy, as Abbott government considers abolishing it

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