How's the market potential for the Concentrated Solar Power industry? ACCIONA, GE Renewable Energy, Enel Green Power, ACWA Power,

'Concentrated Solar Power Market' is predicted to exceed USD 4 billion by 2025. Stringent environmental regulations along with increasing adoption of renewable energy

sources will stimulate the business growth. For instance, the National Development & Reform Commission of China in 2017, introduced a policy to increase the renewable

energy generation capacity target from 20% to 35%. Moreover, shifting regulatory landscape to reduce carbon footprint along with stringent emission norms will further fuel the

industry growth in coming years.

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* 265 Pages
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Escalating electricity demand coupled with rising investments toward improvement of efficiency index will significantly influence the CSP market growth. For instance, according

to the Australian Energy Council, the global electricity demand by 2030, will witness a growth of over 30% when compared to 2017 level. In addition, increasing demand for

decentralized electricity production across remote locations will enhance the industry outlook.

Reduction in Levelized Cost of Electricity (LCOE) primarily driven by reverse auction of projects along with reduced operations and maintenance costs will stimulate the CSP

market. For instance, as per the International Renewable Energy Agency, by 2020, the LCOE of concentrated solar power projects are predicted to fall under the range of USD

0.06 - 0.10 per kWh. Nevertheless, high capital cost when compared to solar photovoltaic project with comparable capacity may hinder the industry growth in coming years.

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Growth drivers of Concentrated Solar Power Market

• Favourable government initiatives
• Rising electricity consumption
• Growing demand for clean energy
• Declining LCOE

Favorable government initiatives coupled with rising adoption of energy efficient systems will drive the power tower concentrated solar power market share. The technology is

set to gain prominence on account of its ability to offer less energy transfer steps, lower thermal loss and high working temperature when compared to other alternatives.

Moreover, rising focus toward thermal energy storage system along with its enhanced suitability with power tower systems will augment the technology deployment.

Middle East and Africa CSP market will witness robust growth on account of increasing investments to meet the needs of the stagnation across the North America and Spain

solar industry. Rising focus of the eminent industry players toward the development of new associations with the regional players with an aim to expand the market penetration

will significantly contribute toward industry growth. Countries comprising South Africa, China, Saudi Arabia, Morocco and the UAE will promote the requirement of local content

across the regional concentrated solar power programs.

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Company Profiles

1. ACCIONA
2. GE Renewable Energy
3. Enel Green Power
4. ACWA Power.

>100 MW concentrated solar market is set to witness robust growth on account of growing demand for electricity along with relatively lower specific cost distinguished by

economies of scale. According to the International Renewable Energy Agency, the cost of a 100 MW concentrated solar power project is approximately 12% lower than a 50 MW

project deploying the same technology. Furthermore, larger reflecting area associated with the large project provide higher operating temperatures resulting in an improved

overall efficiency of the plant.

Key industry participants operating across the concentrated solar power market comprise of GE Renewable Energy, Suntrace, BrightSource, Acciona, Enel Green Power, Abengoa

Solar, TSK Flagsol, Shams Power, Atlantica Yield, SolarReserve, CSP Services, ACWA, Therminol and Chiyoda Corporation amongst others.

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