中文  |  ENGLISH

Cyprus passes EUR 60.2 million guarantee for concentrated solar power project

2020.02.18     From: HELIOSCSP

Solastor from Australia devised the solution. Alfa Mediterranean is waiting for a loan from the European Investment Bank to start building the concentrated solar power system. It is backed by an EU program.


The minority government of Cyprus has succeeded in its fourth attempt to squeeze a European NER300 funding project through parliament, with the ambition to add 50 MW in renewable energy capacity. It managed to push the proposition for a EUR 60.2 million state guarantee with 26 votes in favor and 23 opposed in the House of Representatives, which has 56 seats. Alfa Mediterranean Enterprises Ltd. is preparing to finance the concentrated solar power or CSP facility with a loan from the European Investment Bank.



The planned unit with technology also known as concentrated solar thermal storage would get the island country closer to its national goals for green power. Solastor from Australia devised the solution. More delays or failure may result in further financial liabilities under European Union energy rules and objectives.


The opposition has been stalling with the bill, seeking further clarification. At the same time, other photovoltaic plant operators have protested against the state backing for one private investor.


NER300 is a program for innovative technologies in the sector. The CY CSPc EOS Green Energy project has been in the pipeline for several years, with early deadlines missed already in 2016. The location is in the south, near Limassol.


The concentrating solar power system was supposed to be commissioned in June of this year. Alfa Mediterranean, a property developer, is registered in Paphos.


The design includes a modular tower system, with high purity graphite heat storage towers and heliostats, utilizing a superheated steam cycle. It should have 300 modules, and a single 50 MW turbine and take up 180 hectares. Capital expenditure was estimated at EUR 175 million and annual output is projected at 172 GWh. As the heat is stored, the facility can generate electricity at night as well.




Upcoming CSP events:


5th CSP Focus MENA 2020(June.23-24,Dubai, UAE)

10th CSP Focus China 2020 (Beijing China) 


More CSP news and reports please visit www.cspfocus.cn 

or CSP Focus social media on LinkedInTwitterFacebook.




Leave your thoughts here

Free Reports

See more+
  • Dubai 950MW NOOR Energy 1 CSP+PV Project

    The $4.4 billion Noor Energy 1 solar thermal project will be the world’s largest CSP plant and includes a 100 MW CSP tower plant, three 200 MW parabolic trough CSP systems, 250 MW of PV capacity and 15 hours of molten salt CSP storage capacity.

  • China Large-scale CSP Projects Update

    Updating--Jan., 2020 Edition24 pagesPart 1: Background and Fact Sheet (P1-11) · Implementation and adjustment of 1st batch of CSP demonstrations· FiT policy update and prediction· Sum-up on the 20 projects technology, location, ownership and key participants Part 2: Milestones of Ch

  • Suppliers List of China Key CSP Projects (Updating)

    13 key concentrated solar power projects in China undergoing:Shouhang Dunhuang 100MW Molten Salt Parabolic Trough ProjectRoyal Tech Yumen 50MW Parabolic Trough ProjectDCTC Dunhuang 50MW MS CLFR ProjectRayspower Yumen 50MW Trough ProjectCNNC Royal Tech Urad 100MW Parabolic Trough ProjectSupcon Delingha 50MW Molten Salt Tower ProjectLuNeng Haixi 50 MW Solar Thermal Tower Plant ProjectPower C

  • Construction and Operation of SUPCON SOLAR Delingha 50MW Tower CSP Project

    40 pages in totalCompany Profile (P3-4)Construction of Delingha 50MW Tower CSP Project (P6-17)Operation of Delingha 50MW Tower CSP Project (P18-30)Issues during Commissioning and Operation (P31-39)

Upcoming Events

See more+

Project Updates

See more+

CONTACT US

Tex:+86-21-6111 0177

Email:csp@cspfocus.cn


备案/许可证编号为:沪ICP备17051021号

Wechat public platform

Follow CSP Focus for more news