{"id":2375,"date":"2010-10-26T09:18:24","date_gmt":"2010-10-26T03:48:24","guid":{"rendered":"http:\/\/greenworldinvestor.com\/?p=2375"},"modified":"2010-10-26T09:18:24","modified_gmt":"2010-10-26T03:48:24","slug":"are-the-subsidized-huge-solar-thermal-plants-in-california-a-massive-waste-of-public-money","status":"publish","type":"post","link":"https:\/\/iiec-india.org\/greenworld\/2010\/10\/26\/are-the-subsidized-huge-solar-thermal-plants-in-california-a-massive-waste-of-public-money\/","title":{"rendered":"Are the Subsidized Huge Solar Thermal Plants in California a Massive Waste of Public Money"},"content":{"rendered":"

California and the Federal Government have recently approved a number of big Solar Thermal Plants totaling around 2800 MW.These plants utilize Concentrated Solar Thermal (CSP) Technology and uses mirrors and towers instead of normal PV panels.The haste with which these plants are being permitted and approved is mainly due to the expiry of the Treasury Grant Scheme by end of 2010.According the the American Stimulus rules,only Green Projects which have broken ground or spent 5% of their costs would be eligible for the 30% Cash Subsidy.6 Huge Solar Thermal Plants have been approved with the biggest Blythe plant being the most recent.The capital costs for these plants are extremely high at around $5.5-6\/watt which makes me question their economics<\/strong>.PV panels can be installed at around $3-3.5 \/watt which is around 40-50% lower.Despite the higher capacity factors for Solar Thermal Plants and their ability to store energy for a short period,the cost difference is too large.<\/strong><\/p>\n

CSP Technology is fast losing ground to Solar PV technology with rapid advancements being made both by Thin Fim Technologies and rapid improvements in Crystalline Silicon Technology.By the time these plants are built in 3-4 years,expect the Solar PV costs to decline by another 30-40% making the CSP plants a total waste of public money<\/strong>.The rapidly falling costs of PV Technology also makes the ambitious European Destertec Plan a White Elephant which is Doomed to Fail<\/a>.The Obama Administration has given billions of dollars in loans and grants to Green Companies without looking into the economics.Giving loans grants to startups like Solyndra<\/a> and Abound Solar <\/a>does not make much sense when established solar companies like Evergreen Solar,Energy Conversion Devices are outsourcing\u00a0 green jobs to Mexico and China for lack of support<\/a>.The $3 billion Blythe Plant will ge t$900 mm in government subsidies for 500 MW of capacity .300 permanent jobs would be created at a price of $3 million\/job which also seems too high.Here is some more color on the economics of Solar Thermal Technogy vs Solar PV Technology<\/a><\/p>\n

Big solar: U.S. Department of Interior approves largest CSP project to be built on public lands – PV-Tech<\/h4>\n

The U.S. Department of the Interior has approved what will be the largest solar energy project ever to be built on U.S. public lands. The Blythe Solar Power Project, which will use parabolic trough-based concentrated solar thermal technology, will produce up to 1GW of solar power once completed.The Blythe project, which is eligible to receive $1.9 billion in Department of Energy conditional loan guarantees, will be built in four 250MW sections. It is expected to create 1,066 jobs at the peak of construction and 295 permanent jobs.<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"

California and the Federal Government have recently approved a number of big Solar Thermal Plants totaling around 2800 MW.These plants utilize Concentrated Solar Thermal (CSP) Technology and uses mirrors and towers instead of normal PV panels.The haste with which these plants are being permitted and approved is mainly due to the expiry of the Treasury Grant Scheme by end of 2010.According the the American Stimulus rules,only Green Projects which have broken ground or spent 5% of their costs would be eligible for the 30% Cash Subsidy.6 Huge Solar Thermal Plants have been approved with the biggest Blythe plant being the most recent.The capital costs for these plants are extremely high at around $6\/watt which makes me question their economics.PV panels can be installed at around $3-3.5 \/watt which is around 40-50% lower.Despite the higher capacity factors for Solar Thermal Plants and their ability to store energy for a short period,the cost difference is too large.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_eb_attr":"","content-type":"","footnotes":""},"categories":[83,53,105],"tags":[233,845,1685,2243,2256,4983,5199,5291,5532],"class_list":["post-2375","post","type-post","status-publish","format-standard","hentry","category-csp","category-pv","category-usa-north-america-world-markets","tag-abound-solar","tag-c-si","tag-electricity","tag-government","tag-green","tag-pv","tag-solyndra","tag-subsidy","tag-thin-film"],"_links":{"self":[{"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/posts\/2375","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/comments?post=2375"}],"version-history":[{"count":0,"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/posts\/2375\/revisions"}],"wp:attachment":[{"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/media?parent=2375"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/categories?post=2375"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/tags?post=2375"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}