Solar market research

Concentrating Solar Power 2011: Technology, Costs and Markets

This past year has seen the CSP industry move forward with its first wave of global project construction after years of early-stage ambition. Scaling activity in the southwestern U.S. along with multiple project commissions in Spain have afforded CSP players the opportunity to push beyond the industry’s two pillar markets and toward global development, which in turn has attracted a series of investments from large-scale energy conglomerates and financiers.

Still, as industry optimism grows, CSP players are increasingly facing challenges from other renewable energies, and more specifically from PV counterparts, who have leveraged PV’s declining costs and adaptability to create a 14 GW global market. While CSP will have trouble competing directly with PV on a cost per kWh basis, CSP may be able to differentiate itself with its ability to provide more stable, dispatch-able power by integrating thermal storage.

Global CSP Ecosystem

Note: Click on image above for link to a larger version
Source: GTM Research

This report is a detailed study of the current CSP market, with a project-by-project analysis that presents the strengths and weaknesses of CSP’s four major technologies: parabolic trough, power tower, dish-engine, and linear Fresnel reflector. In addition, the report offers cost (per watt and per kWh), and market share for each CSP technology, and includes over 80 profiles of the industry’s leading technology and development companies.

Global CSP Development Pipeline by Country

Source: GTM Research

Download the report's brochure for a complete Table of Contents and List of Figures as well as more in-depth information on the report's analysis.

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Report Author

Brett Prior is a Senior Analyst with GTM Research, the market research arm of Greentech Media, where he focuses on solar, energy storage, and project finance. Brett has published reports on Concentrating Solar Thermal Power (CSP), Concentrating Photovoltaics (CPV), Project Finance, and Polysilicon.

An expert in utility-scale solar, he has been quoted in numerous publications including: The New York Times, Bloomberg, Reuters, and Forbes. Brett earned an MBA with distinction from London Business School. Before graduate school, Brett served as a Senior Equity Analyst at Bishop Street Capital Management, a mutual fund company in Hawaii. Brett holds a BA in Political Science and International Studies from Yale University, and he is a Chartered Financial Analyst (CFA).

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value added elements

  • Global demand forecasts by technology through 2020.
  • LCOE forecasts by technology through 2020.
  • Analysis of technology characteristics (land usage, water usage, capacity factor) affecting LCOE.
  • In-depth profiles of leading technology, development and supply players globally.
  • CSP project tracker, with full details on PPA, regulatory status and costs by project.

strategic inquiries

  • How will competing renewable energy technologies affect CSP's growth through 2020?
  • Which CSP technology will see greatest LCOE declines through 2020?
  • Beyond the U.S. and Spain, which will be the next markets to attract the CSP industry?
  • Which developers and which manufacturers will lead in global market share?

contact: Justin Freedman

Phone: 617.500.6243