SolarReserve's innovative offtake agreement for its 150 MW Aurora CSP plant combines favorable government demand shapes with peak power price exposure and renewable certificate income, Tom Georgis, Senior Vice President of Development at SolarReserve, told New Energy Update.
The giant 700 MW project in Dubai will combine tower and trough technologies and use scale and local infrastructure synergies to set a new benchmark price of $73/MWh for CSP with storage, Andrea Lovato, ACWA Power's Executive Director of Business Development, told New Energy Update.
New anti-soiling, mirror monitoring and power block cooling technologies are set to dramatically reduce water usage as CSP researchers rise to the challenge of water scarcity, the latest findings show.
The developer of Dubai's first CSP tower project can learn from design modifications on the Shams 1 parabolic trough plant which minimized the impact of desert weather and raised revenues during the ramp-up phase, Abdulaziz Alobaidli, general manager of Shams Power Company told New Energy Update.
Solar Enhanced Oil Recovery has become a competitive technology for Middle East heavy oil producers looking to reduce on-site gas and oil consumption amid rising national power demand, industry experts told New Energy Update.
Developers must supplement lower capex costs with improved plant performance in the ramp-up years to lower risk margins harming the competitiveness of CSP plants, industry experts told New Energy Update.
Dubai's 200 MW CSP tender framework offers potential cost savings from engineering through to operations and new entrants from China could help lower prices, Inaki Perez, Solar Team Leader at Mott MacDonald, DEWA's Technical Advisor, said at the MENA New Energy 2017 conference.