May 17, 2020

World's Largest Molten Salt Solar Tower Plant Completed

energy digital
SolarReserve
Crescent Dunes Solar Energy
T
Admin
3 min
Crescent Dunes Solar Energy Power Tower stands 540 feet tall in Tonapah, NV—a major milestone U.S. solar construction
Press Release SolarReserve, a U.S. developer of large-scale solar power projects, today announced completion of the 540-foot solar power tower for it...

 

Press Release

 

SolarReserve, a U.S. developer of large-scale solar power projects, today announced completion of the 540-foot solar power tower for its 110 megawatt (MW) Crescent Dunes Solar Energy Plant located near Tonopah, Nev. Utilizing the most advanced solar thermal technology worldwide, the Crescent Dunes Plant will be the nation’s first commercial-scale solar power facility with fully integrated energy storage and the largest power plant of its kind in the world.

“Completion of the solar power tower is a significant milestone not only for SolarReserve and our plant, but also for the solar energy industry as a whole. This project is on track to bring American innovation to fruition and is already creating jobs,” said Kevin Smith, CEO of SolarReserve. “Our U.S.-developed technology has the ability to store energy for 10-15 hours and solves the issue of intermittent power generation to the grid, the number one limitation to other solar and wind renewable energy technologies. We can deliver electricity ‘on demand’ the same way a coal, natural gas or nuclear fueled plant does – but without emitting any harmful pollution or hazardous materials – providing a genuine alternative to conventional power generation.”

 

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The flagship project is jointly owned by SolarReserve, ACS Cobra, a worldwide leader in the engineering and construction of power plants and solar thermal facilities, and Santander, a global financial services and banking leader. ACS Cobra’s Nevada-based affiliate, Cobra Thermosolar Plants Inc., is the general contractor for the project and is utilizing Nevada and regional subcontractors to perform the work.

“We are pleased to be partnering with SolarReserve and Santander in constructing the world’s leading solar technology,” said Jose Alfonso Nebrera Garcia, Director General of ACS Cobra. “SolarReserve’s molten salt power tower technology will change the face of solar thermal power as the world knows it, and we are excited to help implement this important technology in Nevada.”

Construction of the facility began in September of 2011 and currently has over 100 workers on site. More than 70 percent of the construction workers are local Nevadans and 80 percent of the subcontractors are Nevada-based, including union and non-union firms. Construction is expected to peak at more than 600 jobs on site during the 30-month construction period and is estimated to create more than 4,300 direct, indirect and induced jobs at companies throughout the U.S. that provide engineering, equipment supply and manufacturing, transportation and other value-added services. To date, orders for the project have been placed for equipment and services in more than 20 states.

The Crescent Dunes project has secured a 25-year power purchase agreement with NV Energy and will provide clean power to approximately 75,000 homes when complete. The project closed financing in September of 2011 utilizing private equity investment from SolarReserve, ACS Cobra and Santander along with support from the US Department of Energy’s loan guarantee program.

“NV Energy is committed to supporting renewable energy development in Nevada and is pleased to be working with SolarReserve on the Crescent Dunes Energy Plant,” said Michael Yackira, President and CEO of NV Energy. “We congratulate SolarReserve on this milestone and look forward to bringing our customers clean, reliable electricity from one of Nevada’s greatest resources – the sun.”

Once operational, the project will expend more than $10 million per year in salaries and operating costs, and is forecasted to generate $47 million in total tax revenues through the first 10 years of operation – contributing to workers’ paychecks, service businesses, local school systems and police and fire departments.

The project is being constructed on federal land operated by the Bureau of Land Management. In November 2010, Interior Secretary Salazar signed the project’s thirty-year right-of-way and approval to construct. The plant is expected to be operational by the end of 2013.

 

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Apr 21, 2021

UK Government pledges to cut carbon emissions by 78% by 2035

emissions
Netzero
UK
3 min
UK Government to enshrine new emission targets in law by the end of June as Prime Minister Boris Johnson targets new technologies and green innovation
The UK government has agreed to stick to Climate Change Committee recommendations and cut carbon emissions by 78% by 2035 compared to 1990 levels, it announced today.
 
The sixth Carbon Budget limits the volume of greenhouse gases emitted over a 5-year period from 2033 to 2037, taking the UK more than three-quarters of the way to reaching net zero by 2050.
 
The budget will ensure Britain remains on track to end its contribution to climate change while remaining consistent with the Paris Agreement temperature goal to limit global warming to well below 2°C and pursue efforts towards 1.5°C.
 
For the first time, the budget will incorporate the UK’s share of international aviation and shipping emissions – an important part of the government’s decarbonisation efforts that will allow for these emissions to be accounted for consistently.
 
This comes ahead of Prime Minister Boris Johnson addressing the opening session of the US Leaders’ Summit on Climate, hosted by President Biden on Earth Day (April 22). The Prime Minister will urge countries to raise ambition on tackling climate change and join the UK in setting stretching targets for reducing emissions by 2030 to align with net zero.
 
The government is already working towards its commitment to reduce emissions in 2030 by at least 68% compared to 1990 levels through the UK’s latest Nationally Determined Contribution - the highest reduction target made by a major economy to date. Today’s world-leading announcement builds on this goal to achieve a 78% reduction by 2035.
 
The new target will become enshrined in law by the end of June, with legislation setting out the UK government’s commitments laid in Parliament tomorrow.
 
Prime Minister Boris Johnson said the UK will be home to "pioneering businesses, new technologies and green innovation as we make progress to net zero emissions".
 
Through its presidency of the crucial UN climate summit, COP26, which will take place in Glasgow later this year, the UK is urging countries and companies around the world to join the UK in delivering net zero globally by the middle of the century and set ambitious targets for cutting emissions by 2030.
 
The government has already laid the groundwork to end the UK’s contribution to climate change by 2050, starting with ambitious strategies that support polluting industries to decarbonise while growing the economy and creating new, long-term green jobs.
 
This includes the publication of the Industrial Decarbonisation Strategy, an ambitious blueprint for the world’s first low carbon industrial sector, slashing emissions by two-thirds in just 15 years, as well as over £1 billion government funding to cut emissions from industry, schools and hospitals.
 
Further, the UK is the first G7 country to agree a landmark North Sea Transition Deal to support the oil and gas industry’s transition to clean, green energy while supporting 40,000 jobs.
 
Through the deal, the sector has committed to cut emissions by 50% by 2030, while the government, sector and trade unions will work together over the next decade and beyond to deliver the skills, innovation and new infrastructure required to decarbonise North Sea production.

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