Market Analyst

Falls Church, VA., March 2, 2013 -- Market Analyst, LLC, a value-added distributor of market research reports and business information, announced today that the market for concentrated solar power will grow at a CAGR of 12.01 percent.

Market Analyst said that the main reason behind this escalation is because of legislative activity related to the renewable energy sector. Additionally, global concentrated solar power has witnessed an increase in large scale CSP production. However, reduction in FiTs can be a challenge for the sector. Market Analyst based this statement on latest publication by TechNavio, titled, “Global Concentrated Solar Power Market 2012-2016”.

According to the report there has been a sharp increase in the concentrated solar power (CSP) projects, enhancing the GW capacity. Some of the major CSP projects include the Euro-Mediterranean Desertec proposal, the 2 GW Ordos project in China, and the 10 GW Helios project in Greece. In 2012, approximately 97 million, acres of land was allotted in the US for solar power projects. Solar plants with capacity of 10,000-20,000 GW can be installed on this land.

The report said new legislation in the CSP sector has given a boost to the market. The study highlights the feed-in-tariff (FiT) policy in Germany and the Large-scale Renewable Energy Target (LRET) policy in Australia as having; helped shape the CSP market. The report also analyzes the major players in the sector, including Abengoa Solar S.A., Accoina Solar Power Inc, Bright Source Industries Ltd., Areva S.A.S., Novatec Biosol AG, ACME Solar and a few others. 

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