Developers must overcome limited build experience and China’s severe weather challenges to meet tight construction deadlines set out in the country’s first large-scale deployment program, industry experts said.
Growing power demand and desalination needs present a major opportunity for new CSP with storage to complement rising PV dispatch in Saudi Arabia’s renewables push, industry experts told New Energy Update.
Frenell’s technology will fuel Asia’s first integrated solar thermal power plant and the German developer eyes further cost reductions through supply chain gains, Thomas Mehlitz, Frenell’s project manager for the Dadri project, told New Energy Update.
South Africa CSP developers must work closely with state power utility Eskom to develop co-funding models for grid connections that will spur development in a market held back by weak state finances and uncertain capacity targets.
U.S. CSP developers must respond to regional market needs to ensure utilities recognize the value of thermal energy storage in utility offtake contracts, Kevin Smith, CEO of SolarReserve, told CSP Today.
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.