A CSP revival was jump-started in 2004 as policy announcements at that time inspired investors and engineers to start developing again. The movement gained steam when PV prices peaked in 2008 resulting in a 300% gain in global CSP operational capacity from 2008-2011. CSP growth came to a rapid stop in 2011 when PV module price decreases, combined with the PV’s proven bankability, drove several of high profile U.S. projects to convert from CSP to PV.
This Pike Research report provides an in depth analysis of technology issues and policy trends driving concentrated solar power adoption in the United States, Europe, the Middle East, North Africa, India, and China. The study analyzes the perceived threat from solar photovoltaics and assesses the key challenges and opportunities presented by regional policies, capital environments, utility scale demand, and solar resources well suited for CSP. Market forecasts extend through 2020 and include projections for installed capacity and revenue by region.
Key Questions Addressed:
•Which countries will drive CSP technology development and adoption, and why?
•How will regional renewable energy policies, feed-in tariffs, government-backed loan guarantees, and research grants drive CSP forward?
•How do policy and capital environments compare across China, India, MENA, Europe, and the United States?
•How have PV performance and price drops affected CSP projects?
•What are the underlying reasons for the recent conversion of 2.2 GW of U.S. based CSP capacity?
•What are the key factors that will drive current CSP market decline and recovery in 2016?
Who needs this report?
•Concentrated solar power technology companies
•Project developers
•Utilities
•Industry associations
•Government agencies
•Investor community
Table of Contents
1. Executive Summary
1.1 Introduction
1.2 Industry Growth
2. Technology and Applications
2.1 Technology Overview
2.2 Anatomy of Main System Configurations
2.2.1 Power Tower
2.2.2 Parabolic Trough
2.2.3 Dish
2.2.4 Linear Fresnel Lens
2.3 CSP Applications
2.3.1 Standalone Power Generation
2.3.2 Hybridization with Fossil Fuels: Integrated Solar Combined Cycle (ISCC)
2.3.3 Energy Storage
2.3.4 Process Heat
2.4 Natural Resource: Solar Direct Normal Irradiance (DNI)
2.5 Competition from Photovoltaics
2.6 Water Usage and the Challenge from PV
3. Market Issues
3.1 Introduction
3.2 Commercial History
3.3 Market Drivers
3.3.1 Climate Change and Greenhouse Gas Reduction
3.3.2 Energy Security
3.3.3 Energy Supply Diversification
3.3.4 Renewable Portfolio Standards (United States)
3.3.5 Policies and Incentives
3.3.5.1 Feed-In Tariffs
3.3.5.2 Government-Backed Loan Guarantees
3.3.5.3 Tax Breaks, Subsidies, and Incentives
3.3.5.4 Worldwide Incentives
3.3.6 Policy Trends: United States, Europe, MENA, India, China, and Australia
3.3.6.1 United States
3.3.6.2 European Union: Spain and Italy
3.3.6.3 Middle East and North Africa
3.3.6.4 India
3.3.6.5 China
3.3.6.6 Australia
3.3.7 R&D Grants and Subsidies
3.3.8 Private Sector Investments
3.4 Market Barriers
3.4.1 Permitting
3.4.2 Financing
3.4.3 Transmission
4. Key Markets
4.1 United States
4.1.1 U.S. Market Disparity
4.1.2 U.S. Market Drivers and Opportunities
4.2 European Union
4.3 Middle East and North Africa
4.3.1 Masdar
4.3.2 MASEN
4.3.3 DESERTEC
4.4 India
4.5 China
4.6 Australia
5. Key Industry Players
5.1 Abengoa Solar
5.2 ACCIONA Energy
5.3 AREVA
5.4 BrightSource Energy
5.5 China Renewable Energy Scale-up Program (CRESP)
5.6 DESERTEC Foundation
5.7 eSolar
5.8 Jawaharlal Nehru National Solar Mission (India’s Solar Mission)
5.9 Masdar
5.10 Morocco Agency for Solar Energy (MASEN)
5.11 NextEra Energy Resources
5.12 Novatec
5.13 SCHOTT Solar
5.14 Siemens
5.15 Solar Millennium (and Solar Trust of America)
5.16 SolarReserve
5.17 Torresol
6. Market Forecasts
6.1 Methodology
6.2 Flex Points in Model
6.2.1 Incentives
6.2.2 Regional Politics and Policies
6.2.3 Technology
6.2.4 Market Conditions
6.2.5 Recent Signals
6.3 Global CSP Market Forecast
6.4 Regional Breakdown
6.4.1 United States
6.4.2 Europe
6.4.3 MENA
6.4.4 India
6.4.5 China
6.4.6 Australia
6.5 Market Value by Region, World Markets
6.5.1 United States
6.5.2 Europe
6.5.3 MENA
6.5.4 India
6.5.5 China
6.5.6 Australia
7. Company Directory
8. Acronym and Abbreviation List
9. Table of Contents
10. Table of Charts and Figures
11. Scope of Study, Sources and Methodology, Notes
List of Charts and Figures
•CSP Project Announcements vs. Construction Starts, United States: October 2011
•CSP Revenue, World Markets: 2012-2020
•Current Project Pipeline, Announced, Under Development, and in Construction, World Markets: 2011-2017
•Total Primary Energy Demand, World Markets: 1990-2030
•CSP Project Announcements vs. Construction Starts, United States: October 2011
•Electric Power Industry Net Generation, United States: 2009
•CSP Capacity, World Markets: 2012-2020
•CSP Revenue, World Markets: 2012-2020
•CSP Capacity, United States: 1990-2020
•CSP Revenue, United States: 2012-2020
•CSP Capacity, Europe: 2007-2020
•CSP Revenue, Europe: 2011-2020
•CSP Capacity, MENA: 2011-2020
•CSP Revenue, MENA: 2011-2020
•CSP Capacity, India: 2012-2020
•CSP Revenue, India: 2012-2020
•CSP Capacity, China: 2012-2020
•CSP Revenue, China: 2012-2020
•Power Tower
•Parabolic Trough CSP Technology
•Dish Stirling
•Linear Fresnel Lens
•Simplified Steam Generation Flow Chart
•Stored Power Dispatch Principle
•Indirect vs. Direct Normal Irradiance
•Global Direct Normal Irradiance
•Coal-Fired Power Plants, United States
•Direct Normal Irradiance, United States
•High-Voltage Direct Current Transmission Lines, United States
•Direct Normal Irradiance, Europe and MENA
•DESERTEC Concept
•DNI, India
•DNI, China
•Population Density, China
•DNI, Australia
List of Tables
•Renewable Portfolio Standards by State, United States
•Renewable Energy Policies and Incentives, World Markets
•DOE Loan Guarantee Awards, United States: 2010-2011
•CSP Subsidies, MENA
•CSP Projects Awarded Under PPAs, United States
•CSP Projects, Europe
•CSP Projects, MENA
•CSP Projects, China
•CSP Projects, India
•CSP Project Announcements vs. Construction Starts, United States: October 2011
•Share of CSP Project Announcements vs. Construction Starts, United States: October 2011
•CSP Additional Capacity, United States: 1992-2020
•CSP Installed Capacity, United States: 1990-2020
•CSP Revenue, United States: 2012-2020
•CSP Additional Capacity, Europe: 2007-2020
•CSP Installed Capacity, Europe: 2007-2020
•CSP Revenue, Europe: 2011-2020
•CSP Additional Capacity, India: 2012-2020
•CSP Installed Capacity, India: 2012-2020
•CSP Revenue, India: 2012-2020
•CSP Additional Capacity, China: 2012-2020
•CSP Installed Capacity, China: 2012-2020
•CSP Revenue, China: 2012-2020
•CSP Additional Capacity, MENA: 2011-2020
•CSP Installed Capacity, MENA: 2011-2020
•CSP Revenue, MENA: 2011-2020
•CSP Installed Capacity, World Markets: 2012-2020
•CSP Revenue, World Markets: 2012-2020
•Project Pipeline by Region, World Markets: 2011-2020
•Existing MW Installed, World Markets
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