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.
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.