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De-risking Solar Thermal Investments

Submitted by Nigel Cotton on February 2, 2017

Hard Financial Facts about solar thermal. An open source database to support investment in solar thermal technologies through improved transparency on costs and heat prices in buildings and industry.

Mexico: Solar Process Heat Beats Fossil-Fuel Boiler in Energy Cost

Submitted by Baerbel Epp on July 25, 2016
Inventive Power MexicoMexican company Inventive Power helps industrial customers to reduce their energy costs, which in turn reduces pollution in major cities. “Besides traffic, industrial boilers are responsible for much of the pollution in urban areas,” Ángel Mejía Santiago explained during the Intersolar Europe. The founder and CEO of Inventive Power emphasised that concentrating solar systems could offer energy at significantly lower cost than thermal power generation by natural gas or oil. Santiago sees great market potential in the technology, as there have been 32,000 boilers and water heaters installed across the country – at hotels and hospitals as well as food and beverage companies. The photo shows a parabolic trough installation with 433 m² of mirror aperture at the Nestlé dairy factory in Lagos de Moreno, central Mexico, which started operating in 2014. 
Photo: Inventive Power
 

Germany: Solar Heat Costs Less than Oil and Gas in Multi-Family Buildings

Submitted by Baerbel Epp on August 11, 2015
Solar thermal is economically viable in Germany in multi-family buildings – that is the clear message of the Excel-based tool which German solar thermal system supplier Remeha, a brand of the BDR Thermea Group, uses to calculate solar water heater performance at multi-family dwellings. The Excel tool was created for installers and planners to support their offers of solar hot water or space heating for blocks of flats. The tool calculates a kWh price, as well as the investment’s Internal Rate of Return. The solar heat produces the most cost-effective kWh with 43.3 EUR/MWh, assuming a 20-year lifetime. During this period, earnings are double as high as investment costs.
 

Italy: Solar Steam for Cheese Production

Submitted by Baerbel Epp on July 24, 2015
CSP San NicoloDirect steam production, 50,000 litres of diesel saved per year and the advantage of the Italian incentive scheme for renewable heat: All these favourable conditions allowed a small dairy in Sardinia to choose a concentrated solar thermal plant with Fresnel collectors for generating 200 °C steam. The steam is used to supply heat to the industrial processes for cheese production. The investment of EUR 400,000 will have a payback period of about 4 years.
Source: CSP-F Solar
 

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