On May 1, turning the sun’s rays into energy became cheaper than burning coal, oil or natural gas. Bids to build and operate a mega solar power plant for the government of Dubai were stunningly low, with the winning bid of 2.99 cents per kilowatt......06 July, 2016
In the economically and environmentally constrained world of the 21st century, it is critical that decisions about renewable energy policy and investment are based on the best available information.
The guiding principle for further investment steps towards a sustainable energy transition that it should not only be how much a generated kWh in a given power plant costs based on CAPEX/OPEX. Instead, the value it effectively added to the system should be from now on the essential factor for deciding on investments.
The “Value” versus “Cost” approach is now understood by more and more policy makers and intergovernmental organizations, although it will take a while to waive unspecific auctioning when supporting the deployment of new RE capacity in different countries.
STELA-World has been established to advice policy makers all around the world, showing that STE/CSP is – and will continue to be – the necessary choice when planning addition of new capacity in sun-belt countries. Furthermore, it will be also the preferred choice for policy makers when all the impacts – technical and economical – are duly taken into account.