Table of Contents
1 Table of Contents 3
1.1 List of Tables 5
1.2 List of Figures 6
2 Introduction 7
2.1 Global Carbon Emission, Overview 7
2.2 Green Stimulus: A Crucial Support to the Renewable Energy Industry 8
3 Solar Thermal Power—An introduction to the Technology 10
3.1 Parabolic Trough System 10
3.2 Solar Tower System 11
3.3 Parabolic Dish System 12
3.4 Linear Fresnel Reflectors 12
4 Global Solar Thermal Market 13
4.1 Overview 13
4.2 Global Solar Thermal Market, Installed Capacity, MW, 2001–2020 13
4.3 Global Solar Thermal Market, Power Generation, MW, 2001–2020 16
4.4 Global Solar Thermal Market, Installed Capacity by Country, 2009 18
5 Key Drivers and Challenges in the Solar Thermal Market 19
5.1 Key Drivers 19
5.1.1 Government Support—a Key Determinant 19
5.1.2 Renewable Portfolio Standards—a CSP Market Catalyst 19
5.1.3 Financial Support—Will Boost CSP investment 19
5.2 Key Challenges in the Solar Thermal Market 20
5.2.1 Grid Connectivity—a Serious Concern 20
5.2.2 Plant Cooling Requirements—Reducing Power Generation 20
6 Global Solar Thermal Market, Cost Trends 21
6.1 Large Scale Installations to Benefit from Economies of Scale 21
6.2 Investment Cost to Decline in the Long-Term 21
6.3 Aluminum Solar Trough Technology—A Step to Reduce the Solar Field Cost 21
6.4 Power Generation Cost to Decline 21
7 The US Solar Thermal Market—2001 to 2020 22
7.1 Overview 22
7.2 Solar Thermal Market, The US, Installed Capacity, MW, 2001–2020 22
7.3 Solar Thermal Market, The US, Power Generation, GWh, 2001–2020 24
8 Solar Thermal Market, The US, Utilities Trends, 2009 26
8.1 Utility-Owned Projects—A Strategic Driver of CSP Installations 26
8.2 Utilities Eyeing CSP Plants with Storage Backup 27
8.3 Building and Upgrading Transmission Lines 27
9 The US Solar Thermal Market—Regulatory Framework 28
9.1 The US Renewable Energy Market—Major Policies 28
9.1.1 Overview 28
9.1.2 Federal Financial Incentives 28
9.1.3 State Incentive Programs 32
9.2 The US Solar Thermal Power, Regulatory Framework—Major Policies 34
9.2.1 The Solar America Initiative (SAI) 34
9.2.2 Investment Tax Credit 34
9.2.3 The US, Solar Thermal, Financial Incentives, by State 34
10 Spain, Solar Thermal Market, 2001–2020 40
10.1 Overview 40
10.2 Spain, Solar Thermal Market, Installed Capacity, MW, 2001–2020 40
10.3 Spain, Solar Thermal Market, Power Generation, GWh, 2001–2020 41
10.4 Spain, Renewable Market, Regulatory Framework, Major Policies 42
10.4.1 Overview 42
10.4.2 Spain, Renewable Market, Major Policies 42
10.5 Spain, Solar Thermal Market, Regulatory Framework, Major Initiatives 44
10.5.1 Overview 44
10.5.2 Spain, Solar Thermal Market, Major Regulations 44
10.5.3 Implications of the New Subsidy Regime for the Spanish CSP Market 46
11 Future Hotspots for the Solar Thermal Market, 2010 to 2020 47
11.1 Overview 47
11.2 Solar Thermal Market, Future Hotspots, Installed Capacity, By Country, MW,
2010 to 2020 47
11.3 Solar Thermal Market, Future Hotspots, Power Generation, By Country, GWh,
2010 to 2020 49
12 Global Solar Thermal Market, Financial Deals, 2009–2010 51
12.1 Deals Volume versus Deal Value Analysis, 2009–2010 51
12.2 Global Solar Thermal Market, Deals by Type, 2009 52
12.3 Global Solar Thermal Market, Major Deals, 2009–2010 54
12.3.1 Enel Completes Rights Offering Of $10 Billion 54
12.3.2 Solar Trust Of America Announces Project Financing Of $6,000m For Solar Thermal Power Plants 56
12.3.3 Iberdrola Completes Debt Offering Of Five-Year Bonds for $1,894.8m 57
12.3.4 Enel Completes Private Placement Of 5.125% Senior Notes Due 2019 for $1.75 Billion 58
12.3.5 Eskom Holdings to Invest $805m in Upington Solar Power Plant, South Africa 59
12.3.6 Siemens Acquires 63% Stake in Solel Solar Systems 60
12.3.7 Siemens Energy Acquires Additional 17% Interest in Archimede Solar Energy 61
12.3.8 AREVA Acquires 100% Interest In Ausra 62
12.3.9 BrightSource Energy Announces Project Financing of $1.37 billion for Ivanpah Solar Thermal Plant in California, the US 63
12.3.10 JSC Atomenergoprom Completes Bond Offering for $1,713.56m 64
13 Appendix 65
13.1 List of Abbreviation 65
13.2 Methodology 66
13.2.1 Coverage 66
13.2.2 Secondary Research 67
13.2.3 Primary Research 67
13.2.4 Expert Panel Validation 67
13.3 Contact Us 67
13.4 Disclaimer 68