These companies aim to reduce the levelized cost of electricity (LCOE) for CSP systems in order to reduce operational costs and remain competitive. To reduce costs, companies are looking to regions with strong DNI levels and low production costs. As a result, China is attracting investments in the CSP market due to its low labor costs and the high DNI concentration present in Western China. In the 10 Year Clean Energy Plan, which
The market for concentrated solar power in China is expected to expand rapidly in the coming future ahead.
The production capacity in China is expected to cross 1,000MW by 2020. Companies that have successfully operated CSP prototype systems in pilot locations globally are progressing towards multi-megawatt CSP projects.