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.
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.
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.