2j7YOwO

ENDNOTES 02 MARKET AND INDUSTRY TRENDS - CSP
22 Frank Haugwitz, “China’s future solar ambitions – at home
and abroad,” PV-Tech, 21 May 2015, http://www.pv-tech.org/
guest-blog/chinas_future_solar_ambitions_at_home_and_
abroad; Crystal Guo, “China will target CSP capacity of 10
GW in the 13th Five-year Plan (2016-2020),” CSP Plaza, 29
December 2015, http://en.cspplaza.com/china-will-targetcsp-capacity-of-10gw-in-the-13th-plan-of-five-year-nationaldevelopment-2016-2020.html;
Heba Hashem, “Influx of PV
firms into China CSP set to boost funding, cut tech costs,” CSP
Today, 16 October 2015, http://social.csptoday.com/markets/
influx-pv-firms-china-csp-set-boost-funding-cut-tech-costs.
23 Crystal Guo, “Official start of Delingha 50MW parabolic trough
CSP power project of Qinghai Broad Youth,” CSP Plaza, 28
December 2015, http://en.cspplaza.com/official-start-ofdelingha-50mw-parabolic-trough-csp-power-project-of-qinghaibroad-youth.html.
24 NREL, “Qinghai Delingha Solar Thermal Generation Project,”
http://www.nrel.gov/csp/solarpaces/project_detail.cfm/
projectID=4295, updated 29 June 2015.
25 Op. cit. note 1, all sources. NREL, “Concentrating solar power
projects in China,” http://www.nrel.gov/csp/solarpaces/by_
country_detail.cfm/country=CN, updated 17 February 2014; Lily
Zhao, “Progress statistics of large-scale commercial CSP projects
in China,” CSP Plaza, 28 July 2015, http://en.cspplaza.com/
progress-statistics-of-large-scale-commercial-csp-projects-inchina.html.
26 Heba Hashem, “India’s PV-led solar growth casts eyes on
performance of CSP projects,” CSP Today, 9 November 2015,
http://social.csptoday.com/markets/india%E2%80%99s-pv-ledsolar-growth-casts-eyes-performance-csp-projects.
27 Jason Deign, “Abengoa will likely need to sell many of its
renewable energy projects to avoid financial collapse,” Greentech
Media, 7 December 2015, http://www.greentechmedia.com/
articles/read/Abengoa-Will-Likely-Need-to-Sell-Many-of-Its-
Renewable-Energy-Projects.
28 Op. cit. note 1, all sources. Facilities added included Crescent
Dunes (United States) and KaXu Solar One and Bokpoort (South
Africa), all of which incorporate TES. See also: “CSP could provide
10% of South Africa’s power if grid links improved,” op. cit. note
7; NREL, op. cit. note 5; CSP Today, PV Insider, and Wind Energy
Update South Africa, op. cit. note 5, p. 5; “One million South
Africans receiving power from world’s largest storage solar farm,”
op. cit. note 5.
29 Hashem, op. cit. note 2; “Arab countries' energy shortage
caused by distribution problems,” Al-Monitor, 26 October
2014, http://www.al-monitor.com/pulse/business/2014/10/
httpalhayatcomopinionwalid-khadouri5144926--.
html#; Heba Hashem, “Influx of PV firms into China
CSP set to boost funding, cut tech costs,” CSP Today,
16 October 2015 http://social.csptoday.com/markets/
influx-pv-firms-china-csp-set-boost-funding-cut-tech-costs.
30 Partnerships with Chinese manufacturers from Hashem, op. cit.
note 29, and from Rioglass, “RioHuan set to offer state of the
art products for CSP,” 16 September 2014, http://www.rioglass.
com/?p=2331.
31 “Localization, innovation to drive CSP in MENA: Rioglass,”
CSP Today, 11 May 2015, http://social.csptoday.com/
markets/localization-innovation-drive-csp-mena-rioglass;
Bhavtik Vallabhjee, “Build a good energy programme
and the investors will come,” BusinessDay, 11 March
2016, http://www.bdlive.co.za/opinion/2016/03/11/
build-a-good-energy-programme-and-the-investors-will-come.
32 “Spain’s Abengoa reaches agreement with creditors,”
Financial Times, 10 March 2016, http://www.ft.com/
fastft/2016/03/10/spains-abengoa-reaches-agreementwith-creditors/;
Macarena Munoz Montijano, Luca Casiraghi,
and Katie Linsell, “Abengoa signs debt deal to avoid
Spain’s largest insolvency,” Bloomberg, 10 March 2016,
http://www.bloomberg.com/news/articles/2016-03-10/
abengoa-lines-up-2-billion-financing-in-restructuring-accord.
33 “Spain’s Abengoa reaches agreement with creditors,” op. cit. note
32.
34 Jorge Alcauza, “ACWA beats Abengoa and wins $2 B deal for
Noor II & III CSP plants in Morocco,” CSP-World, 13 January 2015,
http://www.csp-world.com/news/20150110/001639/acwa-beatsabengoa-and-wins-2-b-deal-noor-ii-iii-csp-plants-morocco.
35 Leading companies in the CSP sector were identified on the
basis of a broad assessment of plants that came online or were
in construction during 2015. The size and complexity of CSP
facilities means that project equity, EPC contracts and O&M
contracts often are split amongst more than one (and sometimes
several) partners. Information on the ratios of these splits as well
as the exact value of the projects typically is not in the public
domain. It therefore is not possible to determine exact hierarchies
in terms of the value of equity or CSP contracts. Leadership is
defined in general terms, based on engagement in active projects
in the market. Involvement of companies in projects coming
online or under construction in 2015 from sources detailed in
Endnote 1.
36 Op. cit. note 1, all sources. “South Africa starts up first tower plant;
Morocco opens Noor facility,” op. cit. note 9.
37 Op. cit. note 1, all sources.
38 “Egypt to receive $500m solar funding; Rioglass to buy Schott
receiver division,” CSP Today, 15 December 2015, http://social.
csptoday.com/intelligence-brief/egypt-receive-500m-solarfunding-rioglass-buy-schott-receiver-division;
“Localization,
innovation to drive CSP in MENA: Rioglass,” op. cit. note 31;
Rioglass, “Locations: Offices,” http://www.rioglass.com/?page_
id=1518, viewed 24 April 2016.
39 Hedy Cohen, “Israeli thermo-solar receivers co Rioglass in major
acquisition,” Globes, 9 December 2015, http://www.globes.co.il/
en/article-israeli-thermo-solar-receivers-co-rioglass-makesmajor-acquisition-1001087087.
40 Lisa Beilfuss, “GE completes Alstom power acquisition,”
Wall Street Journal, 2 November 2015, http://www.wsj.
com/articles/ge-completes-alstom-power-acquisition-
1446477255#:plJiya3p5B7wVA.
41 Based on author’s involvement in South Africa’s REIPP
Procurement Program.
42 Dry cooling from Heba Hashem, “Morocco’s first CSP plant
forges path to tech-led cost cuts,” CSP Today, 2 December 2015,
http://social.csptoday.com/markets/moroccos-first-csp-plantforges-path-tech-led-cost-cuts,
and from Pancho Ndebele, South
Africa Solar Thermal and Electricity Association (SASTELA),
Technology Innovations: Solar Grid-based (CSP), prepared
for SAIREC 2015, Cape Town, 21 July 2015, http://sastela.
org/wp-content/uploads/2015/10/Issue-Paper_Technology-
Innovations_CSP_21.07.20151.pdf.
43 Susan Kraemer, “Crescent Dunes 24-hour solar tower is
online,” CleanTechnica, 22 February 2016, http://cleantechnica.
com/2016/02/22/crescent-dunes-24-hour-solar-tower-online/;
SolarReserve, “Crescent Dunes,” http://www.solarreserve.com/
en/global-projects/csp/crescent-dunes, viewed 24 April 2016;
NREL, “Crescent Dunes Solar Energy Project,” http://www.
nrel.gov/csp/solarpaces/project_detail.cfm/projectID=60,
updated 9 March 2016; Luis Crespo, ESTELA, Brussels, personal
communication with REN21, 8 April 2016.
44 Hashem, op. cit. note 42.
45 Ibid.; Tina Casey, ”Solar power plant in oil-rich Abu
Dhabi beats expectations – again,” CleanTechnica, 17
January 2016, http://cleantechnica.com/2016/01/17/
solar-power-plant-in-oil-rich-abu-dhabi-beats-expectations/.
46 J. Jorgenson, P. Denholm, and M. Mehos, Estimating the Value
of Utility Scale Solar Technologies in California Under a 40%
Renewable Portfolio Standard (Golden, CO: NREL, May 2014),
pp. v, 27, http://www.nrel.gov/docs/fy14osti/61685.pdf.
47 Prices for rounds 1–3 from Anton Eberhard, Joel Kolker, and James
Leigland, South Africa’s Renewable Energy IPP Procurement
Program: Success Factors and Lessons (Cape Town: PPIAF, 2014),
http://www.gsb.uct.ac.za/files/PPIAFReport.pdf. Expected prices
in 2016 from author’s involvement in the REIPPPP.
48 Hashem, op. cit. note 42; Ndebele, op. cit. note 42.
49 Rabia Ferroukhi, IRENA, personal communication with REN21,
March 2016; Mariyana Yaneva, “Morocco sees solar grid parity
just around the corner,” SeeNews Renewables, 27 August 2015,
http://renewables.seenews.com/news/morocco-sees-solargrid-parity-just-around-the-corner-report-490305;
“Saudi solar
tender highlights falling technology costs,” Energy Intelligence, 31
January 2013, http://twitmails3.s3-website-eu-west-1.amazonaws.
com/users/325535741/119/attachment/Saudi_Solar_Tender_
Highlights_Falling_Technology_Costs.pdf; World Bank, “Morocco
to make history with first-of-its-kind solar plant,” 20 November
02
RENEWABLES 2016 · GLOBAL STATUS REPORT
225