Solar: AREVA's project in Rajasthan serves as a case study for innovative CSP project in India
March 31, 2014
In March 2014, the Climate Policy Initiative (CPI) released a report for the San Giorgio Group, a working group of key financial intermediaries and institutions engaged in green, low-emissions, and climate-resilient finance. CPI analyzed the role of public finance in Concentrated Solar Power (CSP) through a Case Study on the AREVA’s 125 MW solar project in Rajasthan.
Acknowledging that “CSP has particular promise in emerging economies with abundant solar resources such as India and South Africa”, the report highlights the innovation, impact, and cost-effectiveness introduced by AREVA’s compact Linear Fresnel reflector (CLFR) technology. “We selected this project as it is the largest CSP project worldwide using the promising Linear Fresnel technology, and one of the most advanced and cost-effective plants under India’s ambitious National Solar Mission”, says the report. The cost-effectiveness is visible in the “quick and effective financing and construction [enjoyed by the project], at low cost to the public”.
CPI also recognizes the speed of implementation, as well as the localization opportunities offered in this project. “The implementation time of the plant is actually very short when compared with other CSP plants internationally. […] The choice of Linear Fresnel enabled a high share of local content (61-71%) compared to other solar plants”. Local content is indeed instrumental to build a local competitive solar industry: “critical CSP knowledge and technology are transferred, local supply chains are established, […] and the involved local stakeholders learn on how to source, install, finance and operate CSP technology in India”.
AREVA Solar is currently clearing the final milestones before commissioning.
AREVA is a global supplier of CSP solutions for large-scale standalone power plants, power augmentation of fossil-fired power plants and solar hybrid applications.
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