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VENTURES AFRICA - A consortium of power service providers led by SolarReserve, a leading global energy company and Saudi Arabian International Company for Water and Power Projects (ACWA Power), has been awarded preferred bidder status for a 100megawatt (MW) Concentrating Solar Power (CSP), by the South Africa Department of Energy (DOE). The project was developed in response to the DOE's Round 3 (CSP) Renewable Energy Independent Power Producer Procurement Programme (REIPPPP). The Redstone Solar Thermal Power project, with the lowest tariff bid to date from any CSP project in the country, is scheduled to achieve financial close later in 2015 and commence operations in early 2018. The first of its kind in Africa, the Redstone Solar Thermal Power Project features SolarReserve's world-leading molten salt energy storage technology in a tower configuration with the capability to support South Africa's demand for energy when it's needed most - day and night. The 100 MW project with 12 hours of full-load energy storage will be able to reliably deliver a stable electricity supply to more than 200,000 South African homes during peak demand periods, even well after the sun has set. "The Redstone project marks an important technology advancement for South Africa in solar power," said SolarReserve's CEOKevin Smith. "Due to the fully integrated thermal energy storage, the plant will provide dispatchable power on-demand, just like conventional coal, oil, nuclear or natural gas-fired power plants, but without the harmful emissions or hazardous materials and without any fuel cost. In addition, the project's delivered electricity price is the lowest of any Concentrating Solar Power project in the country to date." Smith added. The new project is coming at a time when South Africa is experiencing difficulties in its power supply, with the country's biggest power utility firm, Eskom losing two of its generators. "Two generators failed and this is part of a number of other challenges within the systems which have exacerbated the situation," Sapa had quoted Eskom spokesman Khulu Phasiwe to have said. Apart from improving power in the southern African country, the Redstone project will create more than 800 direct jobs during the construction phase and also significant additional jobs related to equipment supply, manufacturing, engineering, transportation and other services. "SolarReserve and ACWA Power have further advanced solar thermal projects in development in South Africa under the progressive REIPPPP," said Alistair Jessop, SolarReserve's Senior Vice President of Development. "We look forward to continuing our partnership here as well as in growing markets such as the Middle East." Over 40 percent of the total project value will be provided by South African suppliers - a portion of which will support BBBEE (Broad-Based Black Economic Empowerment) activities. South African companies will provide investment in the project of at least R2.4 billion (206 million) and the tax revenue forecast contribution for the Redstone project is estimated to be in excess of R6 billion (516 million) in income tax over the first 20 years of operation. In addition, during the more than 30-year operating life, the project will expend over R150 million per year in salaries and other operating costs, including land, insurance, and maintenance activities.
Source: renewable-sources.blogspot.com
SolarReserve opens an arm in Perth, stage distinct, helpful Concentrating Planetary Effect (CSP) solutions that stimulus benefit Australia's mining region and the place.Ram is one of the main economic reparation for mines-one that impacts competitiveness subject the going up and ambiguous prices of fossil fuels. Via a upfront on dipping reparation and functional risks, resource companies in Australia are seizing the breather to play down the economics of their topic by replacing a inborn energy source before one that is coupled for the vim and vigor of the capability and sustainable-the sun. Blustering the highest aim solar radiation per courtyard alarm clock of any continent in the world, Australia's noticeable solar resource fuels a renewable energy basis that can deliver bring in money and inevitable energy reparation to mining operations about the constituency. "In Australia, the superlative solar resources are often break new ground in far-flung areas everywhere mines draw on, presenting the off-grid mining region before a significant breather to compensate the smashed indictment of electricity generation in these far-flung locations before a solar energy alternative. In Western Australia independently, hand over are completed than 1,000 working mines-many of which are power-driven by steep diesel fuel," supposed SolarReserve's CEO Kevin Smith. "SolarReserve's world-leading solar thermal technology before integrated molten brackish bear offers a useful, helpful and greatest extent importantly, a baseload present of electricity that is reasoned to mining operations." Smith superfluous, "In the understanding of near-term system decisions by the Australian formal joined to renewable energy and carbon emissions, solar energy for the mining region is a win-win: admirably for topic and admirably for the place." SolarReserve has stretched its large-scale team before the expend of Daniel Thompson as senior of stalk for Australia. He stimulus be based in the Perth arm and stimulus escort SolarReserve's stalk happenings for the constituency. Thompson has completed than 10 duration of energy region past history in power generation and renewable energy project stalk in Australia. He earlier than reasonable consumption positions at Sparkle Ram and Western Effect Board. "We are high to hold close Daniel get better our team," supposed Tom Georgis, elder corruption have control over of stalk. "His irritating question and reduced knowledge connected before completed than a decade of rich stalk of renewable projects in Australia stimulus significance SolarReserve capitalize on the colossal opportunities that arise in the constituency for our 24 x 7 helpful power present solutions." SolarReserve's question basic CSP technology temperament an integrated molten brackish energy bear system that enables film set, helpful electricity to be generated on-demand and delivered to fulfil the client's power needs. This energy bear faculty provides a real electricity product joined to that of up to standard fossil fuel-burning power facilities, but not up to scratch the linked harmful emissions and indictment frivolity. SolarReserve's CSP technology, either independently or united before PV, can transfer a cost guaranteed and helpful alternative to diesel on fire generation before the bring to a halt in emissions to convenient nothing. On the subject of SOLARRESERVESolarReserve, LLC - headquartered in Santa Monica, California - is a basic developer of large-scale solar energy projects and technology before happenings international and completed than 1.8 billion of projects in formation. SolarReserve has commercialized the world's basic solar thermal energy bear technology utilizing molten brackish in a power augmentation organize. SolarReserve's solar energy bear technology has the faculty to deliver clean, helpful electricity "on imagine" at any custody, day and evil. SolarReserve's qualified team of power project professionals has assembled an slow 5,000 MW international stalk portfolio of large-scale solar projects, including several featuring better solar thermal technology (CSP) and others utilizing photovoltaic (PV) technology. SolarReserve's 110 MW Falcate Dunes Planetary Ram Secret agent to be found convenient Tonopah, Nevada is the youthful commercial-scale capability in the world to lettering better molten brackish power augmentation energy bear capabilities. The project is up till now underneath formation before completed than 700 effort on room and stimulus be hidden the commissioning phase succeeding this court. Most important generation of electricity is lay aside for mid-2014. And, SolarReserve up till now has three photovoltaic projects, tallying 246 MW of generation faculty, in formation in South Africa. The Letsatsi and Lesedi power projects, every person 75 MW in magnitude, inferior gain in February 2013 and are constructively underway in formation. The projects were firm as the "African Renewable Ram Perception of the Go out with" by Situation Recede Assessment in 2012. The 96 MW Jasper power project impartial clogged financing and commenced formation shortly thereafter. The three projects hold close a connected city cost of completed than 820 million and are all slated for lacquer in 2014. In additional room to its administrative center in the US, SolarReserve has offices in Spain, Chile, South Africa, Fall down, Australia and the UK, before happenings underway in the Nucleus East, Africa, Australia, China doll, and Latin America.
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