Spanish power utility Iberdrola has agreed to divest its solar thermal power asset located in the town of Puertollano, Ciudad Real (Spain) by selling it to pulp and renewable biomass energy producer Ence Energía, S.L.U. The transaction involves the sale of 90% of the shares in Iberdrola Energía Solar de Puertollano, S.A., the company which owns the 50-megawatt (MW) solar thermal generation unit.
As part of the South African Department of Energy’s Renewable Energy Independent Power Producer Procurement Programme (REIPPPP), a consortium led by SolarReserve and International Company for Power and Water (ACWA Power) have signed a 20-year power purchase agreement with Eskom, South Africa’s public electric utility company, for the Redstone Solar Thermal Power Project.
TVP Solar, a Swiss company which designs, develops, manufactures and markets innovative high-vacuum mirrorless solar thermal collectors, announced on April 10 the one-year study of its solar thermal panels at a live client site in Kuwait’s first solar thermal-driven commercial air conditioning system. The results prove TVP’s best-in-class performance operating up to 200°C as recently certified by Din Certco Solar Keymark. The solar field in Kuwait produces a massive amount of thermal energy – 750 kWh/m²/year – with a peak efficiency of 57%, validating certification values.
The Global Trends in Renewable Energy Investment 2018 report, published on April 5th by UN Environment, Frankfurt School – UNEP Collaborating Centre, and Bloomberg New Energy Finance, finds that falling costs for solar electricity, and to some extent wind power, is continuing to drive deployment. Last year was the eighth in a row in which global investment in renewables exceeded $200 billion – and since 2004, the world has invested $2.9 trillion in these green energy sources.