Your daily dose of photovoltaic technology developments and solar news
Concentrating Solar Power a $200 billion business through 2020
Most Popular Articles
- First Solar analyst day post-mortem, Part I: 52 cents manufactured cost per watt seen by 2014
- U.S. House passes historic energy and environmental bill; Obama, solar industry execs laud action
- First Solar analyst day post-mortem, Part II: Efficiencies will hit 12.5% by 2012, then surpass 16%
- NanoMarkets report: CIGS growth not limited by indium supply
- Xunlight wraps up 25MW roll-to-roll equipment installation
Editor's Picks
Latest Videos
Subscribe to our weekly newsletter
Greentech
Media and The Prometheus Institute believe that Concentrating Solar
Thermal (CST) and Concentrating Photovoltaic (CPV) could become a $200
billion market through 2020. In the last six months plans have been
announced for Concentrating Solar Power (CSP) worth in excess of $30
billion, according to the market research partners.
"CSP has quickly become one of the most heated market segments in all of renewable energy, but it’s important to step back and understand how it will grow along with the evolution of PV," said Travis Bradford, Executive Director of the Prometheus Institute.
The market research partners said that their study projects that even with strong demand, especially in utility scale installations, CST and CPV combined will still only make up less than 10 percent of the 288GW installed by 2020.
Based upon the responses from our customers, Solar CSP is expected to grow exponentially. We are bringing Solar CSP Hybrid to the market that is highly suitable for relatively small sized CSP/ Solar Thermal applications ex. 100KW to 10 MW. The cost of this CSP Hybrid is less than 1/4 the cost of Crystalline PV.