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.
Researchers from the Technical University of Madrid (Universidad Politécnica de Madrid, UPM) in Spain have developed an innovative energy storage system which is able to store up to ten times more than the existing solutions using materials abundant in nature.