The US House of Representatives has passed the revised Emergency Economic Stabilization Act of 2008, which contains measures to extend the solar investment tax credit (ITC) by eight years.
Ventizz: Concentrated solar power poised for PV-style growth
March 1, 2012 By Leave a Comment
Précis:Dr. Helmut Vorndran, Ventizz Capital Partners’ General Partner, comments on the private equity fund’s recent investment into Rioglass, and on the concentrated solar power sector’s burgeoning investment potential.Interview by Rikki Stancich in Paris
Ventizz Capital Fund recently announced its investment into Rioglass Solar, one of the leading manufacturers of solar reflectors for concentrating solar power (CSP) plants.
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Ventizz: Concentrated solar power poised for PV-style growth
Energy outlook: Solar plays, amidst oil havoc
February 24, 2012 By Leave a Comment
Précis:The 1970’s oil crisis spurred extensive research and development into renewable energy in the US and Europe. Will the latest supply ruptures similarly galvanise international renewable energy programmes?By Heba Hesham, Dubai correspondent
Faced with US and European Union oil sanctions that will take effect starting mid-year, Iran, the world’s fifth-largest oil producer, has threatened to block oil shipments passing the Strait of Hormuz. Even a slowdown in the Strait, through which 20% of the world’s oil flows, would send oil prices rocketing
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FG Emvelo, ABB power into South African CSP
February 17, 2012 By Leave a Comment
Précis:Florian Fritsch, managing director of FG Emvelo and Pancho Ndebele, Chairman of SASTELA & CEO of Emvelo, talk about the proposed Emvelo-ABB-Novatec Solar projects, and South Africa’s CSP market potential.Interview by Rikki Stancich
Earlier this month ABB and Novatec Solar signed an agreement with independent solar power developer FG Emvelo to build concentrating solar power (CSP) plants at Karoshoek Solar Valley in Northern Cape province, South Africa.
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Creative project finance: South Africa’s unique funding package
February 17, 2012 By Leave a Comment
Précis:South Africa's first concentrated solar power deal has re-written the book on local energy project finance.By Tom Nevin in Johannesburg
South Africa will make its first foray into concentrated solar power (CSP) when Abengoa’s groundbreaking tower and parabolic trough installations come online in 2014.
The deal struck between Spanish solar company Abengoa and the South African government’s Industrial Development Corporation (IDC) entails a 51%-49% shareholding in favour of the Spaniards; the IDC’s 49% includes 29% direct equity with a 20% stake to be held in preferences shares for local communities.
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Creative project finance: South Africa’s unique funding package
CSP South Africa: All eyes on Abengoa
February 13, 2012 By Leave a Comment
Précis:South Africa’s government may hold back on further CSP allocations until the technology’s performance is proven on South African turf. Tom Nevin in Johannesburg reports.The inclusion of 200MW of concentrated solar power in the first round of the South African energy department’s 2010 Integrated Resources Plan could be intepreted as both good news and bad for the concentrated solar power community.
The 20-year plan was designed to achieve the optimal mix of supply-side resources and demand-side management to meet electricity distribution needs. When it was first drafted concentrated solar power (CSP) technology was the ‘in-flavour’ and seemed destined for favourable treatement in the final report.
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