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The Central Energy Fund of South Africa and its Saudi subsidiary ACWA Power have signed a cooperation agreement for the development of a 100 MW concentrated Redstone solar thermal power plant in the province of Cape Verde. North in South Africa
ACWA Power signs an agreement with Central Energy Fund SA. (Image Source: ACWA Power)
The agreement was signed on the occasion of the state visit of South African President Cyril Ramaphosa to Saudi Arabia
The construction of the CSP plant is expected to begin later this year. According to ACWA Power, the CSP plant will use a central salt reservoir technology with 12 hours of thermal storage allowing the plant to generate during the evening. peak periods. In addition, while photovoltaic (PV) or wind can not serve the evening peak, unless related to very expensive batteries, the central tower CSP solution will generate, in comparison, more than two More times MW Mr. Mohammad Abunayyan, President of ACWA Power, commented: "As effective ways to meet the growing demand for energy are crucial to enabling economic growth, we will continue to explore opportunities to increase production capacity and keep costs down.
This project is expected to contribute to empowering the South African population and supporting socio-economic development by creating jobs for the local population.
Paddy Padmanathan, CEO of ACWA Power, added: "With the capital and operating cost of CSP power plants with a molten salt storage solution reducing at the same time as the demand for electricity. Renewable Energy In South Africa, our Redstone CSP plant will be able to provide a stable and cost-effective electricity supply to more than 210,000 South African households during peak periods during the night. "
"The CSP technology will allow after sunset and does not require back-up fuel." Recognizing the scarcity of water, the plant we will be installing will utilize the dry-cooling option, thus minimizing the use of water, which also makes it one of the most attractive renewable energy options in the world, "said Padmanathan. d, s, id) {
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