The Only Way Is Up: Concentrating Solar Power Builds Up Heat

[jpak]

http://www.renewableenergyworld.com/rea/news/article/2010/07/concentrating-solar-power-builds-up-heat

If you're wondering where the Concentrating Solar Power (CSP) is heading from here, crane your neck and look upward. Forecasts show industry growth climbing steeply from 2010.

The International Energy Agency says the resource could account for 11% of global electricity demand by 2050, with North America as the largest producer, followed by North Africa and India. Emerging Energy Research (EER) forecasts the addition of 20 GW of CSP globally by 2020, up from about 1 GW today.

For now Spain continues to dominate the market. ‘Spain is driving the industry and it will likely do so for the next three to five years’, says Reese Tisdale, author of EER’s ‘Global CSP markets and Strategies 2010 to 2025’.

Concerned about run-away solar expansion, Spain has placed new controls on CSP and requires developers to pre-register projects to receive the feed-in tariff. Developers must also show the ability to secure financing and off-take contracts. Projects totalling about 2.3 GW have pre-registered, and of that about 500 MW will be granted feed-in tariffs over the next four years, Tisdale said.

<more>

[txlibdem]

1. Consentrating Solar Power could provide 100% of our energy needs

With proper storage technology we could generate 100% of our electricity with CSP.