De-risking investment into concentrated solar power in North Africa: Impacts on the costs of electricity generation

摘要: A low-carbon energy transition on the basis of renewable sources (RES) is crucial importance to solve interlinked global challenges climate change and security. However, large-scale deployment RES requires substantial investments, including participation private capital. Scientific evidence shows that economic feasibility a project hinges availability affordable financing, which itself depends risk perceptions by investors. Since financing costs tend be particularly high for capital-intensive projects in developing countries, we investigate impacts addressing these perceived risks electricity prices from semi-dispatchable concentrated solar power (CSP) four North African countries. By employing levelized cost (LCOE) model find comprehensively de-risking CSP investments leads 39% reduction mean LCOE CSP. this still not sufficient achieve competitiveness with highly subsidized conventional fossil fuels Africa. Hence, our results suggest reflects an important strategy foster Africa but additional measures support RES, such as reconsidering fuel subsidies, will needed.