Redstone Solar Thermal Power

Redstone Solar Thermal Power (RSTP) is a solar power tower with molten salt energy storage, located in Postmasburg, near Kimberley, in the Northern Cape Region of South Africa. Redstone will have a capacity of 100 megawatts (MW) to deliver power to 200,000 people and was awarded in bid window 3.5 of the REIPPP at a strike price of 122.3 ZAR/KWh including time of day pricing in 2015.[1] The project was initially based on the technology of now bankrupt Solar Reserve, but was delayed for several years because the PPA was not signed by Eskom until 2018.[2] After the project was revived the plant is now under construction [3] and the technology will be provided by Brightsource and John Cockerill, as demonstrated in the Noor Energy 1 project in the UAE. [4] [5]

Redstone Solar Thermal Power
CountrySouth Africa
LocationPostmasburg, Northern Cape Province
Coordinates28°18′S 23°21′E
StatusUnder construction
Construction began2021
Construction cost$715 million
Owner(s)ACWA Power
Solar farm
TypeCSP
CSP technologySolar power tower
Power generation
Units planned1
Nameplate capacity100 MW
Capacity factor54.8% (planned)
Annual net output480 GW·h (planned)
Storage capacity1,200 MW·he
External links
Websiteredstone csp ipp

Announcement in 2015

In January 2015, the South Africa Department of Energy awarded the RSTP project to a consortium led by SolarReserve and the Arabian Company for Water and Power Development (ACWA Power). The project was to achieve financial close at end of 2015 and commence operations in early 2018. Overall project cost were estimated at $715 million, and basic power tariff offered at $124/MW·h.[6] Peak power tariff is 270% of the basic power tariff i.e. $334/MW·h. Tariffs quoted in Rands, fully indexed, were R1.70/kWh base rate and R4.58/kWh peak rate (2015 rate).[7] The RSTP project would create 800 direct jobs during construction, with a planned 30-year operating life.

Technology

The RSTP project features a 2-tank direct molten salt energy storage with 12 hours of full-load energy storage, namely 1200 MW·h of equivalent power production, avoiding any backup fuel requirement. The RSTP project is located adjacent the 75 MW Lesedi and 96 MW Jasper photovoltaic solar power projects. Together the three projects comprise a combined CSP and PV solar park with a total 271 MW of generating capacity.[8]

Delay since 2016

In early 2016, the power purchase agreement (PPA) worth R50 billion with Eskom was postponed because of a generation surplus.[9][10]

In April 2018, the purchase power agreement (PPA) with Eskom was signed.[10] In August 2019, it was reported that financing for Redstone was complete.[11]

It is unclear what the bankruptcy of technology provider SolarReserve in 2020 means for the project.[12] On 10 May 2021 ACWA Power announced the achievement of financial close, with commercial operations expected to commence in Q4 2023.[13]

See also

References
  1. Relancio,J. (2016). "South African CSP projects under the REIPPP programme – Requirements, challenges and opportunities". Solarpaces 2015: International Conference on Concentrating Solar Power and Chemical Energy Systems. AIP Conference Proceedings. 1734 (1): 110002. Bibcode:2016AIPC.1734k0002R. doi:10.1063/1.4949199.
  2. "Redstone CSP Contract Signed After 2-Year Delay". 4 April 2018.
  3. "How a Bank Resurrected SolarReserve's Redstone CSP with ACWA Power". 7 June 2021.
  4. "EPC Contract of South Africa Redstone Project - SEPCOIII News".
  5. "Redstone | New BrightSource Ltd - Advancing Solar Technology for a Cleaner Energy Future".
  6. "SolarReserve Wins Bid to Build South African Solar Plus Storage Plant". 8 January 2015. Retrieved 8 June 2015.
  7. James Larmuth, and Alberto Cuellar. An updated review of South African CSP projects under the renewable energy independent power producer procurement programme (REIPPPP). AIP Conference Proceedings 2126, 040001 (2019); https://doi.org/10.1063/1.5117581 Published Online: 26 July 2019
  8. "Nuwe kragaanleg voordelig". Retrieved 8 June 2015.
  9. "A 20-year power purchase agreement with Redstone Solar Thermal Power postponed until further notice". www.eskom.co.za. Retrieved 2016-08-19.
  10. "Redstone CSP Contract Signed After 2-Year Delay". solarpaces.org. 2018-04-04. Retrieved 2019-06-14.
  11. "Redstone CSP project financing signed".
  12. "America's Concentrated Solar Power Companies Have All but Disappeared".
  13. "ACWA Power Leads South Africa's Largest Renewable Energy Project REDSTONE CSP To Financial Close".
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.