Download The Findit App

Share Your Posts On These Major Social Networks

Instatag Your Posts to Instagram Facebook + Twitter

News

Solar Thermal Power Market to 2020 - Asia-Pacific Continues to See Increased Investments While Effective FITs in the Middle East and Africa Create Lucrative Solar Power Destinations

Dallas 8/9/2012 3:27:26 PM

Spain and the US Shine the Brightest in the Global Solar Thermal Power Market.

An increase in the cost of fossil fuels and supporting government policies (as well as enviable weather) has seen Spain and the United States dominate the global solar thermal market, explains a new report by renewable energy experts GBI Research.

According to the intelligence firm’s latest research*, in 2011 Spain was the primary stakeholder in the global concentrated solar power (CSP) market with a massive 65% of the total installed capacity, with the US coming in second at 33%.

Spain only entered the CSP market in 2007, with the construction of the 11 Megawatt (MW) capacity PS10 solar tower. Since then the country has raced ahead of the pack and in 2011 boasted a total installed CSP capacity of 1,002.2 MW – the largest amount in the world by a significant margin.

The obvious advantage of abundant sunshine combined with impressive government support has seen CSP boom in Spain. In 2005 the country’s government enacted an ambitious plan for its renewable sector, the Renewable Energy Plan (PER). This plan outlined particular attention to the solar power industry, and as the Spanish government has declared a commitment to adhere to the European Union 2020 agenda on emissions and renewable energy shares, the Spanish solar thermal sector is expected to have a strong future.

The US set up its first solar thermal plant in 1985 and so became to the first country to produce solar thermal electricity with commercial viability. Growth has been relatively modest since this pioneering effort, but GBI Research predicts that, with redoubled commitment, the country’s CSP market will increase from 508.5 MW in installed capacity in 2011 to 25,815 MW by 2020, climbing at a Compound Annual Growth Rate (CAGR) of 63%.

This huge predicted increase is the result of US plans to commission numerous major CSP plants throughout the next decade, including the La Posa Solar Thermal plant and the Ranegras plant – both based in Arizona. 

*Solar Thermal Power Market to 2020 - Asia-Pacific Continues to See Increased Investments While Effective FITs in the Middle East and Africa Create Lucrative Solar Power Destinations

This report provides in-depth analysis of the global solar thermal market and provides forecast estimates up to 2020.

This report was built using data and information sourced from proprietary databases, primary and secondary research, and in-house analysis conducted by GBI Research’s team of industry experts. 

Get your copy of this report @ http://www.reportsnreports.com/reports/184125-solar-thermal-power-market-to-2020-asia-pacific-continues-to-see-increased-investments-while-effective-fits-in-the-middle-east-and-africa-create-lucrative-solar-power-destinations.html

More News

Initiating Rare Disease Drug Discovery Projects


Released On: 9/3/2012
Views: 3454

Organic Light Emitting Diodes (OLEDs): Technologies and Global Markets


Released On: 9/3/2012
Views: 3141

2012 China Synthesis Polypeptide Drug Industry Market Research Report


Released On: 8/31/2012
Views: 3869

The Future of Coal Fired Power Generation Technologies


Released On: 8/27/2012
Views: 2975

Global and China Polyurethane Industry Chain Report, 2011-2012


Released On: 8/27/2012
Views: 2154

UK Commercial Property Insurance 2012


Released On: 8/27/2012
Views: 2848

IP Multimedia Subsystem (IMS) Solutions and Market Opportunities


Released On: 8/23/2012
Views: 3012

Personal Accident and Health Insurance in Hong Kong, Key Trends and Opportunities to 2016


Released On: 8/23/2012
Views: 2031

Graphene: Technologies, Applications and Markets: ReportsnReports


Released On: 8/21/2012
Views: 2725

Supraventricular Tachycardia (SVT) Therapeutics - Pipeline Assessment and Market Forecasts to 2019


Released On: 8/16/2012
Views: 3366

2012 Market Research Report on China Reversing Camera System Industry


Released On: 8/16/2012
Views: 1984

2012 Market Research Report on China Child Safety Seat Industry


Released On: 8/16/2012
Views: 4232

ReportsnReports: Agricultural Biotechnology: Emerging Technologies and Global Markets


Released On: 8/14/2012
Views: 2110

Clothing and footwear retail market in Russia 2012


Released On: 8/14/2012
Views: 1928

Clothing and footwear retail market in Poland 2012: ReportsnReports


Released On: 8/14/2012
Views: 1813

Cement market in CIS countries 2012


Released On: 8/13/2012
Views: 2219

Personal Accident and Health Insurance in the Netherlands, Key Trends and Opportunities to 2016


Released On: 8/13/2012
Views: 2112

U.S. Indoor Air Quality Market


Released On: 8/13/2012
Views: 1961

Load More wait