CSP generation costs could drop to $77/MWh by 2025 but storage and hybrid solar plants can provide further value by following load, Jose Alfonso Nebrera, Director of Spanish engineering firm ACS SCE, said at the MENASOL 2016 conference on May 26.
South Africa could reduce transmission capacity shortages by introducing nodal pricing to support PV development in lower yield areas with less grid constraints and optimize the placement of wind and CSP plants, Corne van der Westhuizen, Project Development Manager at Juwi, said.
Government and investors are working hard to increase the competitiveness of wind and solar projects in one of the world's fastest-growing renewable energy markets, official representatives said at the CSP Today South Africa 2016 conference on June 8.
Lenders to new solar and wind projects in the Middle East and North Africa (MENA) will favor quality and performance over cost and will require governments to embrace private partnerships, leading financiers said at the MENASol 2016 conference on May 26.
Saudi Arabia can meet its growing power needs solely through the deployment of new solar projects with energy storage, Dr Ibrahim Babelli, Deputy Minister, Ministry of Economy and Planning of Saudi Arabia, said at the MENASol 2016 conference on May 25.
South Africa's CSP expansion has thus far been driven by the Renewable Energy Independent Power Producer Procurement Program (REIPPPP) but industry experts see strong growth potential in industrial and microgrid applications.
With similar timeframes and a shared site, the Noor II and Noor III CSP projects in Morocco’s Noor Ouarzazate Solar Complex are expected to gain from multiple synergies during both construction and operations, Badis Derradji, ACWA Power’s managing director for Morocco, told CSP Today.
Low crude oil prices have driven oilfield operators to consider CSP enhanced oil recovery (EOR) as a way of reducing production costs, John O'Donnell, vice president of business development at GlassPoint Solar, told CSP Today.