Over 350 industry executives have already confirmed their participation for CSP Today’s forthcoming 3rd Annual Concentrated Solar Power Summit US, scheduled to take place in San Francisco.
 
The two-day conference, to he held on June 30 – July 1, has already received confirmation from the best in the business in the wake of growing interest in this sector.
 
Even though no new CSP plants were completed in the U. S. last year, new technology developments, demonstration plants and commercialised storage technologies in 2008 paved the way for CSP development to break out over the next few years.
 
Companies with experience in this field believe that the current CSP technology has a much longer life than perhaps was understood. As lenders come to realise this, they may be willing to offer longer term financing which will decrease the annual carrying cost of the equipment and/or reward it for its residual value.
 
Still, it is vital for the industry to understand that there are significant hurdles to be overcome in virtually all aspects of developing and financing the construction of a CSP project.  Land acquisition, permitting, electrical transmission, power sales negotiation, engineering and construction contracting, technology procurement, performance risk, availability and cost of debt and tax equity – each of these components  present challenges that a project developer must solve before a CSP plant can be built.
 
“Developing a large power project is a two-year endeavour, and in the end all the pieces need to line up so that construction financing can flow. If the rules keep shifting over that two-year period, the chances of being able to pull it all together get lower,” said Glen Davis, CEO, Agile Energy LLC.
 
Davis is scheduled to speak about attracting investment, defining the scale and scope of the business, addressing the major risks and possible exit strategies at the conference.
 
“The industry is at a critical stage. Even though there are several challenges from regulatory, project finance and investment, and even technology perspective, the industry is making a steady progress. This event definitely holds a lot of promise,” said Sara Lloyd-Jones of CSP Today.
 
Project finance and investment, and several other critical issues are going to be discussed at the forthcoming Concentrated Solar Power Summit US in San Francisco (June 30 – July 1).
 
View delegates confirmed so far: http://www.csptoday.com/us/who.shtml
 
 
3rd Concentrated Solar Power Summit US
 
CSP Today is scheduled to conduct the third edition of Concentrated Solar Power Summit US in San Francisco (June 30 – July 1). 
 
For more information, click here: http://www.csptoday.com/us/agenda.shtml
Or
Contact: Sara Lloyd-Jones by email sara@csptoday.com