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.
United PV’s recently awarded 100 MW CSP plant in China signals a new movement of PV developers into the CSP market, building on gains made in an increasingly crowded PV sector and bringing investment and potential technology improvements to CSP projects, industry sources said.
New CSP capacity is expected to dip in 2016 and bounce back in 2017 to resume steady growth over the next decade as national energy policies stabilise market conditions, according to the newly released CSP Today Markets Forecast Report: 2015-2025.
A new Investment Tax Credit proposal linked to installation costs would raise CSP tax breaks from the end of 2016, the point at which the 30% credit for all solar projects is currently scheduled to drop to 10%.
California's SolarReserve wants to bring in an investor with the financial clout to raise more than $4 billion in equity to help fund the next phase of the company's global development, Kevin Smith, CEO of SolarReserve, said.
GlassPoint Solar’s massive 1.0 GW Miraah CSP plant in Oman establishes solar thermal as a key asset for enhanced oil recovery as operators continue to optimise production in a low oil price environment.
We caught up with ACWA Power’s President and CEO, Paddy Padmanathan, the CEO of SolarReserve, Kevin Smith, and the President of Estela, Luis Crespo to discuss the road to cost reduction and bid success.
Israel’s Ashalim projects are set to dominate the country’s CSP landscape as the State’s land allocations and energy market regulation hold back other development, Oren Gadot, CEO of CSP developer Heliofocus, said.
Concentrated Solar Power has the potential to produce 10% of South Africa’s electricity requirements but grid connections need to be improved in key solar Provinces like the Northern Cape, Nandu Bhula, CEO of ACWA Power Solafrica Bokpoort, said.
The development of scalable storage-only technology, using electricity to heat molten salts, would help reduce costs for CSP projects, Justin Raade, CEO of energy storage systems supplier Halotechnics, said.