FIGURE 5.8 Market share for various photovoltaic (PV) technologies. SOURCE: “Global Solar Power Market.” Frost and Sullivan Analytics. July 2011. Reprinted with permission.
currently implemented CSP installations are producing energy at an LCOE of approximately 12¢/kWh to 15¢/kWh, which is higher than for alternative energy sources. This is expected to drop to below 12¢/kWh by 2017 as manufacturing improves and new technologies are brought to market. CSP functions best on large scales, and thus building an efficient plant requires a large capital investment. The expected growth of installations broken down regionally is provided in Figure 5.9.
FIGURE 5.9 Expected installed capacity of concentrated solar power market divided regionally, and compound annual growth rate; 2010 is the base year. SOURCE: “Global Solar Power Market.” Frost and Sullivan analysis. July 2011. Reprinted with permission.