solar thermal electricity could meet up to 6 % of the world’s power needs by 2030 and 12% by 2050.
This is the 4th joint report of the European Solar Thermal Electricity Association (ESTELA),Greenpeace International and SolarPACES since 2003.
Just before the last edition was published in 2009, the annual market volume for STE hit the one billion US dollar mark. By the end of 2015,the sector concluded nearly a decade of strong growth. Whilst the installed capacity of STE in 2006 was only 0.5 GW, it has increased by a factor of 10 to almost 5 GW today.
The STE sector is now on a steady development pathway towards double digit GW capacity within the next 5 years, establishing a solid base for future growth. Especially for the firm supply of dispatchable power, for water purification and desalination purposes and for industrial process heat needs, STE technologies are in high demand and offer specific technical advantages.
We are delighted to see STE on a solid growth pathway and poised to establish itself as a third big player in the new “sustainable power generation industry”. With the potential for cost curves to decline significantly, STE has the potential to be economically viable in sunny regions across the world.
Click this link to download this Report: SOLAR THERMAL ELECTRICITY GLOBAL OUTLOOK 2016