February 2024 CONCENTRATING SOLAR POWER PLANTS WITH STORAGE - Deployment Essential Now

This will also reduce the time for completion of the project after the award of the contract as the site being within the solar park and technology being agnostic, bidders would have finalized the technical details during the bid process. [...] The high-temperature HTM transfers heat to the working fluid in the heat exchanger which increases the temperature and pressure of the working fluid, which drives the turbine to generate electric power. [...] In June 2013, a new law issued by the Spanish Government replaced the feed-in tariff by a Complementary Payment to be added to the Pool price of the electricity to provide the investors with a “reasonable profitability” of 7.5% over the lifetime of the project, and applicable to plants already in operation. [...] The first CSP power tower in the country (Ivanpah in California), the first CSP plant with thermal energy storage in the country (Solana in Arizona) and the CSP power tower with thermal energy storage (Crescent Dunes in Nevada). [...] Despite the policy support, the development of CSP in China had been slow – and is attributed to the high cost of CSP systems and the lack of assessment of the value which the CSP projects provides to the power system.