The Environmental and Energy Study Institute (EESI) invites you to learn
about the most recent developments in concentrating solar power (CSP)
technologies and how this fits into the energy bills and conference
committee coming before the Congress this fall.
CSP plants produce electric power by
concentrating the sun’s energy into high-temperature to drive
conventional steam turbines or engines or directly into electricity via
high-efficiency photovoltaic (PV) cells. The recent Western Governors’
Association (WGA) Clean and Diversified Energy Initiative Solar Task
Force Report projects that the installation of 4,000 MW of
CSP capacity in the United States, primarily
in Arizona, California, Colorado, Nevada, New Mexico and Utah, would
lower the price of CSP to that of fossil fuel
generation The resource potential of the southwest is very much larger
than 4,000MW
Large, credible, and financially strong developers have entered the
market and are reducing the risk associated with
CSP projects. For example, Pacific Gas and
Electric recently signed a 25-year contract for the output of a 553
MW CSP plant that is to be built in
California’s Mohave Desert where 354 MW have been in operation since the
1980s. CSP is ideal for utilities as it is
most economical in large (100MWs) sizes, can utilize thermal energy
storage to match peak demand periods and offer dispatchability, and,
with transmission built up, it can scale up rapidly to meet the
Southwest’s growing electricity demand.
CSP is clean, non-polluting, and has no carbon
emissions that contribute to climate change. It can serve intermediate
and peak load, and provides reliable domestic energy.
CSP provides energy diversity and reduces
pressure on natural gas demand, thereby lowering natural gas prices and
acting as a hedge against electricity price fluctuations.
CSP investments pay back in jobs, tax revenue,
and gross state product (GSP) increases. CSP
electricity costs will reduce over time through economies of scale and
advancements in R&D.
Panel
- Dr. Fred Morse, Senior Adviser, US Operations, Abengoa Solar, Inc.
- Kate Maracas, Managing Director, Energy Resources, Inc.
- Barbara Lockwood, P.E., Manager, Renewable Energy, Arizona Public
Service Company
- Joshua Bar-Lev, Vice President, Regulatory Affairs, Bright Source
Energy
While CSP holds great promise, technology
supporters say federal and state policy measures are needed to help
scale up production and lower costs. Long term extension of existing
incentives is critical to getting plants built and maintaining the
necessary momentum. For serious CSP expansion,
utility ownership must be an option, making the current utility
exclusion from the investment tax credit (ITC) a barrier to
CSP. Section 103 of the House-passed energy
bill (HR 3221), extends a 30 percent ITC for
solar energy property by eight years, from January 1, 2009 to January 1,
2017. It also removes the utility exclusion provision from the
ITC, and authorizes $2 billion in new Clean
Renewable Energy Bonds (CREBS). The Senate-passed version of the energy
bill (HR 6) does not contain these tax provisions, although they were
part of the Finance package reported by the Senate. As the energy bill
goes to conference, policy support is required to realize the benefits
of CSP for America. Decisions made by the
conference committee on the energy bill could have a major effect on the
future of CSP in the United States. It should
be noted that other countries are moving forward on large-scale solar
technologies.
This briefing is open to the public and no reservations are required.
For more information, contact Fred Beck at 202-662-1892 ([email protected])
Environmental and Energy Study Institute
210 Cannon
09/06/2007 at 10:00AM