China and Dubai charging towards $7c KWh with CSP projects

Fred Mazo
Fred Mazo
Aug 8, 2017 · 1 min read

CSP’s plunge to a single-digit tariff is the starting point to a global trend of cost reduction.

ACWA Power’s recent bid of $94.5/MWh for Dubai’s solar tower project has shown that with just 5 GW of global installed capacity, CSP’s cost has gone down by more than half since 2012. In comparison, the cost of PV power has fallen to around $50/MWh, but only after global installed capacity surpassed 300 GW.

An even lower CSP tariff was made in Chile’s power generation auction which was completed on August 17, 2016. SolarReserve had bid its Copiapo CSP project with a capacity of 240 MW and 14 hours of thermal energy storage at a record-low price of $63/MWh.

New Energy Update, interviewed ACWA POWER, SolarReserve, Shouhang IHW Resources Saving Technology Co., Shouhang European and the International Finance Corporation (IFC) to review just how this was achieved.

Click here to see the review

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For more information on CSP email me at fred@newenergyupdate.com

Fred Mazo

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Fred Mazo

Advance Knowledge and experience in venture initiations, business development, strategic planning and international operations.