Abstract
The recent announcements of two CSP projects coming online in Spain and the
United States indicate that the tide is turning in favor of Concentrated Solar
Power (CSP). Over 5,800 MW of Solar CSP projects are in planning stages
worldwide, and the lion' s share is expected to come online by 2012.
Global Concentrated Solar Power Markets and Strategies 2007-2020 provides a
comprehensive analysis of the global CSP markets, the strategies employed by
the growing list of developers, and the barriers facing the next generation
technology.
- Commercial projects coming online in 2007 aim to prove CSP technology
viability: Parabolic trough and central receiver projects installed in 2007
represent the beginning of the 5,800 MW pipeline CSP projects planned to come
on line by 2012. These two projects represent the rebirth of the industry
since the original SEGs plants were constructed 20 years ago.
- Regulatory hurdles in Spain and the United States present the greatest
short term challenge: Spain' s €0.26 feed in tariff is currently limited
to 500 MW, and the US Investment Tax Credit is up for renewal in 2008. These
support mechanisms are fundamental to the industry' s growth and are essential
for the industry to scale.
- CSP developers are forming differing strategies to facilitate their
growth. Developers are split among those employing develop and sell models led
by Solar Millennium and those seeking vertical integration from technology to
ownership such as Solel and Abengoa. At the same time, CSP ownership is
entering into the portfolios of major renewable IPPs and utilities including
Iberdrola, FPL, Acciona and Neo Energia.
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