US Concentrated Solar Power Industry receives its biggest boost yet by American DoE

Source: AltEnergyMag.com Newspage
06/17/11, 07:35 AM | Solar Power

Following announcements for 2 loan guarantees in late 2010 to construct Ivanpah (a tower CSP plant by BrightSource Energy) and Solana (a parabolic trough with 7 hours storage by Abengoa), 2011 has come with an unprecedented levels of support by the DoE for the CSP industry. One of the companies who have recently secured DoE backing with a loan guarantee is celebrating their ground-breaking ceremony today. With over $2.1bl in founding, this plant will be the largest in the world at 1GW once it is complete. However, this journey to CSP market proliferation and support has been a turbulent one! 2011 has so far followed a positively similar trend, with $3.35bn having been announced by the DoE in loan guarantees for 4 different projects: Blythe (Solar Trust of America, 2x 240MW part of 1GW plant), Crescent Dunes (SolarReserve, 110MW tower project, The Mojave Solar Project (Abengoa, 280MW) and Genesis Solar Project (NextEra, 250MW trough project). The industry are waiting with baited breath to see whether 2011 will be the turning point in the US industry on its journey to market dominance.

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