This report on Solar Thermal Energy analyzes the opportunities and challenges facing the solar thermal industry.
This report analyzes the technology, examines solar thermal plants financing, discusses hybrid solar thermal power plants, and provides profiles of solar thermal companies and case studies. A diagrammatic representation of the value chain and suppliers in the solar thermal industry is included, explaining the solar thermal power process in detail.
Solar thermal power plants are forecast to undergo a real boom in the coming years and decades. The sunny regions of Asia, the USA, and North Africa provide an almost inexhaustible space potential. Experts have long agreed that solar thermal technology will enable the replacement of conventional, fossil fuelled, or nuclear power plants in the long term. Recent studies by Greenpeace and A.T. Kearney confirm the increasing competitiveness.
Solar-thermal electricity (STE) is competitive. Within the next ten years, there will be an opportunity to generate this economically and free of subsidies. In doing so, it will compete with fossil fuels. Moreover, STE represents an increasingly more attractive addition to the renewable energy portfolio, of which it has a relevant share. The thermal solar capacity installed worldwide will ideally reach 100 gigawatts (GW) by 2025. This could create up to 130,000 jobs.
International studies have also announced the continuous rise of solar-thermal power plants. The cost of generating STE electricity can be reduced by up to 30 percent by 2015 and even by more than 50 percent by 2025. As such, solar-thermal electricity can contribute significantly to reaching certain energy and environmental targets, for example the EU's 20-20-20 goal.
View Table of Contents
Publication Date: October 2011
Publisher: Energy Business Reports