The concentrating solar power (CSP) market is set to rise once again in 2012 and grow further in the next five years, according to new research from SBI Energy. The global capacity of utility-scale CSP was 2 GW at the close of 2011 with approximately another 2,500 to 3,500 MW expected to become operational in 2012. SBI Energy estimates the cost of the installed base of CSP at the end of 2011 at $9.5 billion with power tower technology increasing its market share. Whereas parabolic trough currently holds 93 per cent of the installed base value, by 2015, that percentage is forecast to drop to 70 per cent as power tower, also called central receiving station technology, becomes more common. The report also states that new development and construction activities will intensify in 2012 in Australia, India, and China.
CSP Technologies Compete With PV