solar thermal electric

New Concentrated Solar Power Markets Report published

Market intelligence provider, CSP Today, has published its latest report providing real data, analysis and insights into the biggest opportunities and the most pressing challenges that the CSP industry is facing. By 2015, CSP will be worth up to $70 billion in the US alone, one market which is leading the sector along with the MENA region and Australia.
New Concentrated Solar Power Markets Report published

CSP Today’s Concentrated Solar Power Markets Report analyses which markets will experience explosive growth in the next five years, and the obstacles that will have to be overcome to achieve success in global CSP markets.

There are 921 MW of CSP plants installed worldwide, 93% of which are parabolic trough plants. The US and Spain dominate the CSP market in terms of installed capacity, with market shares of 47% and 52%, respectively. However, traditional market leader Spain is expected to fall by the wayside as its market matures and recent legislative uncertainty and reduced feed-in tariffs bite. Meanwhile, new players are expected to come onto the scene including India.

While the mid-term future of the Spanish market appears cloudy, Spain dominated the construction of new plants in 2009 with 420 MW and will continue to do so in the near future with 649 MW under construction. As prospects for their domestic market wane, however, Spanish companies are turning their sights on new frontiers and are already forging realtions with local companies in other countries to help them ramp up their own CSP markets.

Spain takes active role in new markets

Abengoa Solar, for example, recently signed an agreement with Bharat Heavy Electricals Limited (BHEL), the largest engineering and manufacturing company in India’s energy and infrastructure sector, to establish a strategic partnership to jointly undertake projects in India. According to the Spanish multinational, “Abengoa will contribute its expertise in the development, implementation and operation and maintenance (O&M) capabilities of innovative solar technologies, and will also bring its international experience in engineering and industrial construction”, while BHEL will contribute its knowledge of the local energy market, and manufacturing base and EPC capability in the Indian energy sector.

Despite new countries opening up to CSP, this renewable technology is by no means mature and CSP Today’s report also provides an independent and expert assessment of where the CSP industry is heading in the near future.

Different factors are driving CSP activity in each region, and the report includes expert opinions on the risks and opportunities in emerging CSP markets from executives with real experience on the ground. “CSP Today provides valuable information on current markets and future business opportunities,” says Balluff’s VP Business Development. “Combined with technological as well as financial and political discussions it gives an extensive overview of the concentrated solar power industry.”

More than 50 developers, component providers and CSP industry experts have been interviewed for this report, including Abengoa, Acciona, Siemens and Solar Millennium, and the comprehensive analysis of their comments and the data collected shows that favourable legislation is driving CSP growth in India and Australia, while the MENA region is set for explosive CSP growth with more than 1430 MW of projects announced.

Hybridisation the future

As technologies change, alternative uses to CSP such as hybridisation with existing power plants and desalination are emerging across new CSP markets and will also help to drive growth.

The report provides real insights and detailed analysis on: the latest details of CSP projects in operation, under construction and planned; barriers and drivers to the CSP Industry in the USA, Spain, India, MENA, etc.; a comprehensive overview of government incentives and permitting process in each market; and an in-depth analysis of CSP trends over the last 10 years.

Schott Solar’s Production Manager for example describes it as the “best overall overview of the CSP market situation”.

For additional information:

Concentrated Solar Power Markets Report


***Follow Renewable Energy Magazine on Twitter***

Add a comment
Baterías con premio en la gran feria europea del almacenamiento de energía
El jurado de la feria ees (la gran feria europea de las baterías y los sistemas acumuladores de energía) ya ha seleccionado los productos y soluciones innovadoras que aspiran, como finalistas, al gran premio ees 2021. Independientemente de cuál o cuáles sean las candidaturas ganadoras, la sola inclusión en este exquisito grupo VIP constituye todo un éxito para las empresas. A continuación, los diez finalistas 2021 de los ees Award (ees es una de las cuatro ferias que integran el gran evento anual europeo del sector de la energía, The smarter E).