New Report Finds that Concentrating Solar Power (CSP) Could Amass up to $200 Billion...

Tue Apr 1, 2008 9:00am EDT
 
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New Report Finds that Concentrating Solar Power (CSP) Could Amass up to $200 Billion in Investment Globally for Installations Through 2020

   CSP Will Remain Small in Comparison to Evolving Photovoltaic (PV)
                        Market Over Next Decade
CAMBRIDGE, Mass.--(Business Wire)--
Greentech Media, Inc., an online media company, and The Prometheus
Institute for Sustainable Development, a non-profit devoted to
furthering the advancement of alternative energy and sustainable
development, today announced the availability of Concentrating Solar
Power - Technology, Cost, and Markets, the industry's most
comprehensive research report to date on the burgeoning CSP market.
Over the past six months alone, over $30 Billion in investment has
been proposed for plants to be constructed in the next several years.
The report finds that this number could grow as large as $200 Billion
for installations through 2020.

   The technologies examined in this report include all currently
available and potential technologies near commercialization in CSP for
electricity generation. These technologies break down into two general
categories, including Concentrating Solar Thermal (CST) and
Concentrating Photovoltaic (CPV). The report provides technical and
financial analysis of these various technologies and the relevant
players in these growing markets, in addition to covering all
technology variations from the system-level through concentrator
technologies and power conversion.

   The report analyzes which technologies will have the largest
market share in terms of installations through 2020 for small- (1kW -
100kW), medium- (100kW - 10MW) and large-scale (10MW - 100MW+)
deployments. Though CSP will remain a growing market, particularly for
utility-scale installations, a forecast of total projected solar
installations through 2020 suggests that CSP (combined CST and CPV)
will make up less than 10% of the 288GW installed, with the remaining
90+% going to flat plate and tracking PV.

   "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
report provides an excellent resource for companies that want a
complete understanding of the CSP market today and going forward."

   The 145-page report focuses on the impact CSP technologies will
have on the solar and broader renewable energy markets through 2020.
Complete with more than 130 tables, charts and graphs, it includes:

   --  Detailed definitions of the numerous CSP technologies

   --  Comprehensive understanding of the markets for CSP

   --  In-depth view of the CSP industry, including current and
        planned capacity, and select company profiles

   --  Thorough CSP financial analysis and projections

   --  Exhaustive appendices filled with additional supporting data

   Detailed information about the CSP report, priced at $2,495, is
available at the Greentech Media site here.

   About Greentech Media

   Greentech Media is an integrated online media company designed to
deliver the highest-quality content in the greentech industry, whether
it is research, news or critical networking events. Greentech Media is
headquartered in Cambridge, Mass., with operations in New York City
and San Francisco. For more information, visit
http://www.greentechmedia.com.

   About The Prometheus Institute

   The Prometheus Institute was founded in 2003 to accelerate the
deployment of socially-beneficial sustainable technologies, including
those of energy, water, and food, by educating industry participants,
advocates, and policymakers about their benefits by collecting and
disseminating reliable data, quantitative analysis, and practical
information about these industries. For more information, visit:
http://www.prometheus.org/

Greentech Media, Inc.
Joe Boyce, 617-510-0375
boyce@greentechmedia.com
www.greentechmedia.com

Copyright Business Wire 2008

 

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