Why Pay Attention To The ‘Other’ Form Of Solar Power?

Parabolic-TroughA 2014 independent market analysis projected that the global CSP market will see “phenomenal growth at a 19.4% CAGR [compound annual growth rate] between 2014 and 2020.” A global CSP market that was worth $2.5 billion in 2013 would hit nearly $8.7 billion by the end of 2020…But once solar PV hits 10 to 15 % of annual electric generation in a region, PV can become less valuable. IEA projects that when that occurs, perhaps around 2030, “Massive-scale [solar thermal electric] deployment takes off at this stage thanks to CSP plants’ built-in thermal storage, which allows for generation of electricity when demand peaks in late afternoon and in the evening, thus complementing PV generation.”

>readmore> ThinkProgress

About groundswellbasscoast

This is on behalf of local climate change group. Material is selected by Bernie McComb and does not necessarily represent opinion of whole group.
This entry was posted in Events local and tagged , . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s