Kathu plant construction activity is set to peak this year and the Engie-led developer group is integrating new work contracts and training schemes following unexpected demands from local business groups, Cedric Faye, CEO of Kathu Solar Park at Engie, said.
Project sponsors must prioritize market-focused offtake contracts and tap all private and public debt sources to maximize bankability and build on rising confidence in CSP technology, industry experts told CSP Today.
Dubai Electricity & Water Authority (DEWA) is eyeing a globally-competitive tariff of around $80/MWh for its first-ever CSP project, due to high investor confidence in local banking markets and global pricing pressure from growing project pipelines, experts told CSP Today.
The U.S.-based developer plans to repeat its bid for two CSP projects in Chile's upcoming tender as the energy storage capability of the plants could prevent a growing oversupply of PV capacity and the costs are competitive against fossil fuels, Kevin Smith, CEO of SolarReserve, told CSP Today.
Developers are focusing on performance improvements, standardization and supply chain savings from large-scale deployments to fend off competition from falling PV and battery prices, industry experts told CSP Today.