25 Dec '14, 10pm

In #Chile @Abengoa Beats Fossil #Fuels on Price w. $Solar PV & CSP +Storage #CO2 #Energy

Abengoa was awarded contracts to supply 950 gigawatt-hours (GWh) of electricity annually to Chile's Central Grid (SIC) in an auction held last week. To deliver this energy, the company has announced that it will build two 110 MW solar power tower CSP plants, as well as a 100 MW solar PV project. The two projects will employ a thermal energy storage system developed by Abengoa, which the company says will allow it to deliver electricity 24 hours a day. Unlike the other electricity supply contracts for solar PV, which were awarded for eight hour blocks in the auction , Abengoa was awarded contracts for 24-hour electricity supply. The company will be supplying this round-the-clock electricity for the sum of US$0.115 per kilowatt-hour (KWh), which is a very low cost for combined solar and storage, particularly for CSP. Since this supply auction was open to conventional generat...

Full article: http://www.pv-magazine.com/news/details/beitrag/abengoa-b...

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