中文  |  ENGLISH

Home > Market > China > Here

China to lead global concentrated solar power market by 2030

2019.04.25     From:

The global CSP capacity is estimated to increase significantly from 5.6 gigawatt (GW) in 2018 to 22.4 GW in 2030 following significant capacity additions by China, Chile and countries in Middle East North Africa (MENA) region according to GlobalData, a leading data and analytics company. 




The company’s latest report ‘Concentrated Solar Power (CSP) Market, Update 2019 – Global Market Size, Market Segmentation, Competitive Landscape and Key Country Analysis to 2030‘ reveals that the prospects of the global CSP market are bright with improved efficiencies, energy storage, cost reduction through competitive bidding and the development of PV-CSP hybrid systems.


Pavan Kumar Vyakaranam, Power Analyst at GlobalData, comments: The CSP industry added around 601 megawatt (MW) annual capacity in 2018 with projects being operational in countries such as Morocco, China, South Africa, Saudi Arabia and Kuwait. China added around 200 MW of CSP capacity in 2018 which is almost seven times its cumulative installed capacity at the end of 2017. China CSP market gained momentum after the announcement of 20 CSP projects as part of the first batch of demonstration projects, which will get a feed in tariff (FIT) of RMB1.15/kWh ($0.172/kWh).


Chile will be another major country, which will have significant CSP capacity additions during the outlook period. The CSP market in Chile is mainly driven by its goal to achieve 20% renewable of the national energy mix by 2025. In order to achieve its goal, the country held a series of technology neutral auctions through which the average tariff plummeted from $129/MWh in 2013 to $32.5/MWh in 2017.


Vyakaranam adds: In Middle East Africa (MEA), countries such as Morocco, South Africa, Saudi Arabia, the UAE and Israel will play a major role for CSP development during 2019-2030. Morocco had set a plan to source 2 GW from solar power by 2020. The country plans to set up and implement sustainable CSP plants to cover 42% of Morocco’s power needs by 2020 and bridge the demand supply gap during peak evening hours through thermal storage.


On the other hand, the UAE is promoting solar through auction mechanism. In July 2017, Dubai Electricity and Water Authority (DEWA) received four bids for the fourth phase of the 200 MW Mohammed bin Rashid Al Maktoum solar project. The bids reached a record low, with the lowest offer of $94.5/MWh while the other three bids offered $105.80 -$173.50/MWh.


Vyakaranam concludes: The global CSP market is on a revival mode with reducing cost of generation through auction mechanism and hybrid PV-CSP. CSP with thermal storage will gain prominence due to increasing demand for reliable and stable power.



Upcoming CSP events:


4th Annual CSP Focus MENA 2019(Jun.26-27, Dubai)

3rd CSP Focus Innovation 2019(Oct.24-25, China)


More CSP news and reports please visit www.cspfocus.cn 

or CSP Focus social media on LinkedInTwitterFacebook.


Leave your thoughts here

Free Reports

See more+
  • Dubai 950MW NOOR Energy 1 CSP+PV Project

    The $4.4 billion Noor Energy 1 solar thermal project will be the world’s largest CSP plant and includes a 100 MW CSP tower plant, three 200 MW parabolic trough CSP systems, 250 MW of PV capacity and 15 hours of molten salt CSP storage capacity.

  • China Large-scale CSP Projects Update

    Updating--Jan., 2020 Edition24 pagesPart 1: Background and Fact Sheet (P1-11) · Implementation and adjustment of 1st batch of CSP demonstrations· FiT policy update and prediction· Sum-up on the 20 projects technology, location, ownership and key participants Part 2: Milestones of Ch

  • Suppliers List of China Key CSP Projects (Updating)

    13 key concentrated solar power projects in China undergoing:Shouhang Dunhuang 100MW Molten Salt Parabolic Trough ProjectRoyal Tech Yumen 50MW Parabolic Trough ProjectDCTC Dunhuang 50MW MS CLFR ProjectRayspower Yumen 50MW Trough ProjectCNNC Royal Tech Urad 100MW Parabolic Trough ProjectSupcon Delingha 50MW Molten Salt Tower ProjectLuNeng Haixi 50 MW Solar Thermal Tower Plant ProjectPower C

  • Construction and Operation of SUPCON SOLAR Delingha 50MW Tower CSP Project

    40 pages in totalCompany Profile (P3-4)Construction of Delingha 50MW Tower CSP Project (P6-17)Operation of Delingha 50MW Tower CSP Project (P18-30)Issues during Commissioning and Operation (P31-39)

Upcoming Events

See more+

Project Updates

See more+

CONTACT US

Tex:+86-21-6111 0177

Email:csp@cspfocus.cn


备案/许可证编号为:沪ICP备17051021号

Wechat public platform

Follow CSP Focus for more news