Friday, November 6, 2009

Worldwide Growth of Concentrated Solar Power (CSP) Market - Some Interesting Stats

This Renewable Energy Focus article informs us about a report's findings that:-

1. Spain & the USA lead in terms of installed capacity and market share;
2. 88% of new construction projects are in Spain (which shows the effectiveness of introducing feed-in tariffs);
3. Current installed CSP capacity worldwide: 679MW;
4. Current CSP capacity under construction: 2000MW;
5. Out of the different type of CSP designs, "Parabolic Trough technology accounts for 88% of operating plants and 97.5% of the projects under construction";
6. Further growth is expected especially in the Middle East and North Africa;
7. The report indicates that the CSP market can reach 24GW by 2020.

It is interesting to note that "...our [South Africa's]worst solar irradiation is BETTER than the best in Spain." [Thanks, for the info Frank - Renewed Energy].

This alone, shows the potential for the growth of this market in South Africa.

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