Concentrated Solar Thermal Power Market could reach 24 GW by 2020

All Press Releases for October 27, 2009 Subscribe to this News Feed       Concentrated Solar Thermal Power Market could reach 24 GW by 2020

According to a new market report by CSP Today and Altran, CSP growth in the next ten years will be concentrated in two key markets: Spain and USA. The USA is currently the largest market as measured by installed capacity with 63%. However, most new projects under construction (88%) are located in Spain, which highlights the effectiveness of feed-in-tariffs in encouraging the adoption of CSP.

London, UK (PRWEB) October 27, 2009 -- Worldwide there are currently 679 MW of installed CSP capacity and more than 2000 MW under construction. The new Global Concentrated Solar Power Industry Report reveals that in terms of installed capacity the USA is the largest market holding a 63% market share, followed by Spain with 32% of operating capacity. According to this recent report these two markets will continue to be crucial for the development of the industry into the next decade, with Spain accounting for the largest share of projects under construction with almost 89%. Further growth is expected across markets in the Middle East and North Africa such as Israel, the UAE, Jordan, Morocco, Algeria and Egypt.

Although a thriving industry, Concentrated Solar Power (CSP) is still dependant on government support for growth given the fact that it is up to four times more expensive than energy produced by fossil fuels. The solar field represents the largest share of the cost of any CSP plant. Depending on the technology solar field costs could vary from around 43% for Tower and Fresnel technology, to almost 60% for Parabolic Trough and Dish Stirling, according to a new report by CSP Today and Altran. The report concludes that the most significant cost reductions are likely to come about by innovations in solar field design, which could bring down the levelized cost of energy (LCOE) by 15% to 28% depending on the technology.

According to research by CSP Today and Altran the CSP market will continue to be dominated by Parabolic Trough technology, which accounts for 88% of operating plants and 97.5% of projects under construction. The findings show the preference for Parabolic Trough is due to the fact that it is the only technology proven to perform after 20 years on the ground, as testified by the SEGS Parabolic Troughs which are still operating since their installation in the 1980s. Despite the dominance of Parabolic Trough, the report reveals Tower technology is making headway into the CSP market with 5% of operating capacity. For many, Tower represents the next step in CSP technology and many of its proposed variants could bring about significant increases in efficiency and annual electricity yield. However, a lack of practical experience with utility scale projects seems to be holding this technology back.

The Global Concentrated Solar Power Industry Report provides in depth analysis on electricity supply and demand, how seasonal variations in solar resources have an effect on the number of hours a CSP plant operates, reducing costs, thermal storage technologies and much more. , Anyone in the CSP marketplace with access to this information will stay ahead of the game. Find out more by downloading the Global Concentrated Solar Power Industry Report today on http://www.csptoday.com/globalreport/summary.shtml

The Global Concentrated Solar Power Industry Report 2010-2011 report will be released on November 23rd and is available for pre-order from the CSP Today website: www.csptoday.com/globalreport

About CSP Today:

CSP Today is the number one independent provider of news, events, reports and business intelligence for the Concentrated Solar Power industry. In conjunction with sister brands dedicated to Thin Film and CPV, CSP Today hosts dozens of industry shows every year across the world and has rapidly become the hub of the solar industry community both on and offline.

Visit www.csptoday.com for the latest industry news and updates on this fast moving industry.

About Altran:
Altran is widely recognized as a European leader in providing full service expert consulting solutions in multiple industries. Encompassing all disciplines from technology & innovation to organization & information systems and strategy & management.
Altran has succeeded in advancing the solar energy sector through developmental activities in the entire CSP (Concentrated Solar Power) value chain, from R&D Technology through Innovation and Product Development. Including such projects as the Parabolic Solar Collector Trough, Solar Stirling Dish and Solar Energy Storage Systems, included in these projects are new product concepts utilizing best practices, know how and technologies from mature industrial and scientific sectors.

Visit www.altran.es for more information on Altran Consulting services.

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