At €230 million euros, the cost of the gemsolar tower was approximately 15x the price of a regular fossil fuelled plant to build.
The expected output of the plant will be 110 GWh pa with an expected wholesale cost of €4.4 million; at a very generous capital interest rate of 2%, the interest cost would be €4.6 million. And that's before maintenance costs.
It's a nice technology, but it's hardly viable without subsidies, even in desert areas.
The expected output of the plant will be 110 GWh pa with an expected wholesale cost of €4.4 million; at a very generous capital interest rate of 2%, the interest cost would be €4.6 million. And that's before maintenance costs.
It's a nice technology, but it's hardly viable without subsidies, even in desert areas.