- The Asian country announces that it will develop at least 20 new CSP projects throughout its territory to achieve carbon neutrality.
- They bet on a strong future drop in the development costs of CSP projects in the world.
- They highlighted the potential of Chile for the development of CSP projects thanks to its solar radiation.
The Asian giant expects to complete 20 new Solar Power Concentration (CSP) projects in different parts of its territory after analyzing 119 possible projects. In the Webinar on new CSP opportunities in the context of China to achieve zero emissions, it was indicated that this technology is the big bet of the Chinese government.
Dr. Wang, deputy director of the Energy Research Institute and National Center for Renewable Energy of China, and Johnny Liu, director of foreign business development at Cosin Solar and member of ACSP Chile participated in the webinar. Both highlighted the projections of CSP technology in China and the rest of the world, thanks to a sharp decrease in costs, which they project could decrease by up to 50% in the coming years.
On the occasion, they highlighted that CSP is the technology that is required in an accelerated decarbonization process since it provides attributes that other clean technologies do not have, such as inertia and stability. “When more PV and wind projects enter the systems, more CSP is needed,” said Wang in his presentation.
According to the academic, this opens the doors for more hybrid CSP-PV projects, which have a number of advantages. Along the same lines, Johny Liu argued that CSP has a series of attributes that in hybridization with PV make it a commercially attractive technology for world electricity markets and added to the fact that it provides other comparative advantages, for example they are more environmentally friendly and has a longer useful life times. .
On the occasion, it was highlighted that China evaluated 119 CSP projects and that 20 received a positive technical and economic evaluation, these would be located in areas such as Inner Mongolia, Qinghai and Gansu, which on average have DNI (direct solar radiation) of 2000 kwh/m2 and it was highlighted the enormous potential of Chile, which in areas of the Atacama desert receives an average of up to 3,500 kwh/m2.
In addition, they indicated that they are committed to the development of projects in other countries, for example, Cosin Solar indicated that Minos, a CSP project in Greece that is in its process of financial closure and its construction would begin in 2022.
The Webinar was organized by Ata Insights and had the support of the Chilean Solar Power Concentration Association (ACSP)