The Solar Power Generation Technologies Market Outlook

Date: October 22, 2010
Pages: 164
Price:
US$ 2,875.00
Publisher: Business Insights
Report type: Strategic Report
Delivery: E-mail Delivery (PDF)
ID: SA6633C33FDEN
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The Solar Power Generation Technologies Market Outlook
The Solar Power Generation Technologies Market Outlook: Market overview, photovoltaic and concentrating solar power technologies, capacity, generation, legislation, and the future outlook

Solar energy holds high potential for utility-scale power generation. It is estimated that solar energy received by the earth in a year, has the potential to provide 1,000 times of total annual world energy consumption, though it contributes only 0.02% of world's total power, as the technology continues to be predominantly unexplored. Solar power generation technologies can primarily be segregated into two categories. The first is direct solar technologies (also called solar cell or solar photovoltaic) which generate electricity directly from the sunlight. The second are indirect technologies (also called concentrated solar power technologies) which use the heat of the sunlight to generate electricity.

Currently, both direct solar technologies and indirect solar technologies deliver efficiencies ranging from 12–15%. However, direct solar technologies are preferred for installation due to better government incentives. Currently, the most prominent types of direct solar technologies are crystalline solar PV and thin-films. Crystalline solar PV holds close to 85% of the total market share, leaving the remainder to thin-films. The growth of indirect solar technologies is expected to have large volume growth in the future on the grounds of low cost of power generation and integration with heat storage systems such as molten salt. The report provides insight on solar power generation technologies, recent developments, legislative framework in various regions and the future outlook.

Key findings of the report

In 2009, investment in renewables was US$150bn, with growth of 25% over 2008. Germany, China, and the US were the largest investors in the renewables in 2009.

The global solar power installed capacity grew at CAGR of 29.3% from 1996–2009 which grew rapidly from 2004 when Germany's FiT scheme became effective and led to large number of additional solar PV installations.

Government incentives and mandates worldwide are the key driver for growth in solar power. For instance, Germany's policies (including feed-in-tariffs and solar building codes) have attracted significant investments and facilitated the installation of over 9GW of solar power generation capacity in the country by the end of 2009. The incentives for solar power can be divided into feed in tariff, grants and subsidies, and tax credit.

According to projections by the EPIA's moderate scenario, which is based on prevailing legislative framework, the world cumulative solar PV installed power generation capacity may reach 76.6GW by 2014, while cumulative CSP plant installed power generation capacity may reach 12.7GW by 2015.

Use this report to...
  • Analyze the potential of solar power compared to other renewables regarding installed capacity, investment, growth, and economics.
  • Achieve a comprehensive understanding of solar power generation technologies working principles, installed capacity, and efficiencies.
  • Comprehend current developments in each of the solar power technologies along with major players, and economics.
  • Assess the potential of solar power technologies in various regions including Europe, North America, Asia-Pacific, Latin America, the Middle East, and Africa – covering installed capacity, legislative framework, drivers, resistors, and the future outlook.
  • Understand the future growth trend for prominent solar power technologies with projected installed capacity by technology
Explore issues including...

High cost of installation and generation: Solar power technology such as solar PV panels is comparatively expensive which restricts its growth among renewables. Solar panels are considerably expensive to produce due to high material costs and the cost of electricity generation through these panels increases as large arrays of solar panels are needed to provide a sufficient level of electricity.

Inconsistent load profile: Solar power technology relies on the steady delivery of sun rays to generate electricity which results in inconsistent load profile as it is unable to supply power on a consistent basis.

Limited number of high insolation areas: Limited number of high insolation regions will continue to restrict the growth of solar power. Only around 55% of the Earth's surface (land) is ideal for solar power as unlike wind, solar plants cannot be installed offshore.

Relatively short operating life of CSP technologies: The short operating life of CSP technologies compared to solar PV is expected to be a key resistor to its growth.

Discover...
  • What are the drivers for solar power generation?
  • What are the prominent solar power generation technologies in operation?
  • What are the technological developments taking place in solar power generation technologies?
  • What is the installed capacity, growth, and future outlook for solar power technologies?
  • What are the growth potential of solar power technologies in global regions and how are they supported by the relative governments?

Disclaimer
Executive summary
Market overview
Solar photovoltaics (PV) technologies
Concentrating solar power (CSP) technologies
Solar power in Europe
Solar power in North America
Solar power in Asia Pacific
Solar power in Latin America
Solar power in the Middle East and Africa
Future outlook

CHAPTER 1 MARKET OVERVIEW

Summary
Overview of the solar power market
Development of solar power technology
Growth of solar power
Solar resources
Installed power generation capacity and growth
Economics of solar power
Drivers for solar power
Energy security and climate change concerns
Government incentives and mandates
The Feed-in Tariff (FIT)
Direct subsidy on solar equipment
Tax Credit
Renewable Portfolio Standards (RPS) and Renewable Energy Standards (RES)
Technological developments
Resistors against solar power
Inconsistent load profile
High cost of installation and generation

CHAPTER 2 SOLAR PHOTOVOLTAICS (PV) TECHNOLOGIES

Summary
Overview of solar photovoltaics (PV) technologies
Technology overview
Crystalline silicon (c-Si) cell
Single crystalline (sc-Si) cell
Multi-crystalline (mc-Si) cell
Crystalline cell projects
Thin-films
Amorphous silicon (a-Si) TFSC
Cadmium telluride (CdTe) TFSC
Copper-Indium-Diselenide (CIS) and Copper-Indium-Gallium-Diselenide (CIGS) TFSC
Thin-film projects
Concentrated PV (CPV)
CPV projects
Novel PV
Global solar PV production
Installed power generation capacity and growth
Key players
Economics
Drivers for solar PV technologies
Flexible installation and capacity variation
Long life and durability
Global horizontal irradiation (GHI) vs. direct normal irradiance (DNI)
Continued R&D
Resistors against solar PV technologies
High generation cost
Inconsistent load profile

CHAPTER 3 CONCENTRATING SOLAR POWER (CSP) TECHNOLOGIES

Summary
Overview of concentrating solar power (CSP) technologies
Technology overview
Parabolic troughs
Parabolic trough projects
Solar dishes
Solar dish projects
Solar towers
Solar tower projects
Linear Fresnel reflectors
LFR projects
Heat storage system
Pressurized steam-based heat storage
Concrete-based heat storage
Molten salt-based heat storage
Comparative summary for CSP technologies
Installed power generation capacity and growth
Key players
Economics
Drivers for CSP technologies
Low cost of power generation
Heat storage capability
Resistors against CSP technologies
Inflexible installation and capacity variation
Relatively short operating life
Global horizontal irradiation vs. direct normal irradiance

CHAPTER 4 SOLAR POWER IN EUROPE

Summary
Installed power generation capacity and growth
Legislation
FIT and bonus
Tax credit
Grant and subsidy
Others subsidies and mechanisms for solar power
Drivers for solar power in Europe
The EU's carbon reduction targets
Energy security
Resistors against solar power in Europe
Low DNI levels
Solar power outlook for Europe
The EU
Germany
Spain
Italy
Solar power in North America
Summary
Installed power generation capacity and growth
Legislation
The US
Grant and subsidies
Tax credits
Other subsidies and incentives for solar power
FIT
Tax credit
Other subsidies and incentives for solar power
Canada
Grants and subsidies
FIT
Drivers for solar power in North America
Better financing to solar power projects as a result of economic recovery
Technological innovations
Resistors against solar power in North America
High preference for other renewable sources
Increasing energy efficiency
Solar power outlook for North America

CHAPTER 5 SOLAR POWER IN ASIA PACIFIC

Summary
Installed power generation capacity and growth
Legislation
FIT
Tax credit
Grants and subsidies
Other subsidies and incentives for solar power
Drivers for solar power in Asia Pacific
Geographical advantage
Low cost of manufacturing
Resistors against solar power in Asia Pacific
Ambiguity compared to government policies
Solar power outlook for Asia Pacific
Japan
China
India

CHAPTER 6 SOLAR POWER IN LATIN AMERICA

Summary
Installed power generation capacity and growth
Legislation
FIT
Grants and subsidies
Tax credits
Other subsidies and incentives for solar power
Drivers for solar power in Latin America
Government incentives
Resistors against solar power in Latin America
Better availability of hydropower and wind power resources
Solar power outlook for Latin America
Mexico
Brazil

CHAPTER 7 SOLAR POWER IN THE MIDDLE EAST AND AFRICA

Summary
Installed power generation capacity and growth
Legislation
Africa
FIT
Grants and Subsidies
Tax Credit
Other subsidies and incentives for solar power
The Middle East
Drivers for solar power in Africa and the Middle East
Geographical advantage
Resistors against solar power in Africa and the Middle East
Lack of government incentives and mandates
Solar power outlook for Africa and the Middle East
Africa
Algeria
Egypt
Morocco
South Africa
The Middle East
UAE
Israel

CHAPTER 8 FUTURE OUTLOOK

Summary
Global solar power
Solar PV outlook
Concentrating solar power (CSP) outlook
Glossary
Abbreviations

TABLE OF FIGURES

Figure 1: Global investment in renewables 2008 (US$bn), 2009
Figure 2: Global insolation map (hours), 2008
Figure 3: Global cumulative installed renewable power generation capacity 2007–09 (GW), 2010
Figure 4: Total global cumulative installed solar power generation capacity 1996–2009 (MW), 2010
Figure 5: Average installation cost by source of electricity (US$/kW), 2010
Figure 6: Power generation cost by power source (US$/MWh), 2010
Figure 7: Solar cell working principle, 2010
Figure 8: Band gap of key semiconductors used in solar cell (eV), 2007
Figure 9: Single and multi crystalline solar cells, 2008
Figure 10: Spain's Olmedilla photovoltaic park, 2009
Figure 11: Amorphous silicon (a-Si)-based TFSC, 2009
Figure 12: Global solar PV production 2004–08 (MW), 2010
Figure 13: Global solar PV production by country 2008 (%), 2010
Figure 14: Global cumulative installed solar PV power generation capacity 1999–2009 (MW), 2010
Figure 15: Top 10 solar PV manufacturers by production in 2009 (MW), 2010
Figure 16: Global DNI map (kWh per meters squared per year), 2010
Figure 17: Parabolic troughs, 2008
Figure 18: Parabolic trough power plant principle, 2007
Figure 19: Aerial view of Solonova 1, 2, and 3 power plants in Spain, 2010
Figure 20: Solar dish, 2009
Figure 21: Maricopa solar plant, Arizona, 2008
Figure 22: Solar tower, 2009
Figure 23: Solar tower power generation through steam turbine, 2010
Figure 24: Working principle of solar updraft towers, 2010
Figure 25: PS10 and PS20 solar towers in Spain, 2009
Figure 26: Working principle of LFR plant, 2008
Figure 27: Aerial view of Kimberlina Solar Thermal Energy Plant, 2008
Figure 28: Global cumulative installed CSP power generation capacity 1996–2009 (MW), 2010
Figure 29: Installation and performance by CSP technology (%), 2009
Figure 30: Cumulative installed solar PV power generation capacity in Europe 1999–2009 (MW), 2010
Figure 31: Projected renewable power generation capacity in the EU 2009 and 2020 (GW), 2010
Figure 32: Germany's target for renewables by 2020 (%), 2009
Figure 33: Projected installed renewable power generation capacity in Germany 2009 and 2020 (GW), 2010
Figure 34: Projected installed renewable power generation capacity in Spain 2009 and 2020 (GW), 2010
Figure 35: Cumulative installed solar PV power generation capacity in North America 1999–2009 (MW), 2010
Figure 36: Top 10 states by solar power installation 2009 (MW), 2010
Figure 37: Cumulative installed CSP power generation capacity in North America (MW), 1999– 2010
Figure 38: Forecast installed power generation capacity of solar PV in the US 2009–2014 (MW), 2010
Figure 39: Cumulative installed solar PV power generation capacity in Asia Pacific 1999–2009 (MW), 2010
Figure 40: Cumulative installed solar PV power generation capacity in Japan 2010–14 (MW), 2010
Figure 41: Projected cumulative installed solar PV power generation capacity in China by 2014 (MW), 2010
Figure 42: Targets for installed solar power generation capacity in India 2010–22 (MW), 2010132
Figure 43: Installed solar PV power generation capacity in Latin America (%), 2009
Figure 44: Cumulative installed solar power generation capacity in Africa and Middle East (%), 2009
Figure 45: Israel, cumulative installed solar PV power generation capacity 2003–09 (MW), 2010
Figure 46: Share of solar power in global electricity generation 2009 & 2050 (%), 2010
Figure 47: Global installed solar PV power generation capacity 2010–2014 (MW), 2010
Figure 48: Global polysilicon supply 2010–12 (1,000 MT), 2010
Figure 49: Global total installed CSP power generation capacity by 2015 (MW), 2010
Figure 50: Global cumulative installed CSP power generation capacity by technology 2015 (GW), 2010

TABLE OF TABLES

Table 1: Global investment in renewables 2008 (US$bn), 2009
Table 2: Global cumulative installed renewable power generation capacity 2007–09 (GW), 2010
Table 3: Total global cumulative installed solar power generation capacity 1996–2009 (MW), 2010
Table 4: Average installation cost by source of electricity (US$/kW), 2010
Table 5: Power generation cost by power source (US$/MWh), 2010
Table 6: Band gap of key semiconductors used in solar cell (eV), 2007
Table 7: Solar cell types, 2010
Table 8: Global solar PV production 2004–08 (MW), 2010
Table 9: Global solar PV production by country 2008 (MW), 2010
Table 10: Global cumulative installed solar PV power generation capacity 1999–2009 (MW), 2010
Table 11: Top 10 countries by cumulative installed solar PV power generation capacity 2009 (MW), 2010
Table 12: Top 10 solar PV manufacturers by production in 2009 (MW), 2010
Table 13: Power generation cost by technology, 2010
Table 14: Cost comparison: CSP compared to solar PV technologies, 2010
Table 15: Comparative summary for CSP technologies
Table 16: Global cumulative installed CSP power generation capacity 1996–2009 (MW), 2010
Table 17: Installation and performance by CSP technology, 2009
Table 18: Key players in CSP technologies
Table 19: CSP technology-based power generation cost, 2010
Table 20: Cumulative installed solar PV power generation capacity in Europe 1999–2009 (MW), 2010
Table 21: Projected renewable power generation capacity in the EU 2009 and 2020 (GW), 2010
Table 22: Germany's target for renewables by 2020 (%), 2009
Table 23: Projected installed renewable power generation capacity in Germany 2009 and 2020 (GW), 2010
Table 24: Projected installed renewable power generation capacity in Spain 2009 and 2020 (GW), 2010 104
Table 25: Cumulative installed solar PV power generation capacity in North America 1999–2009 (MW), 2010
Table 26: Top 10 states by solar power installation 2009 (MW), 2010
Table 27: Cumulative installed CSP power generation capacity in North America (MW), 1999– 2010
Table 28: Forecast installed power generation capacity of solar PV in the US 2009–14 (MW), 2010
Table 29: Cumulative installed solar PV power generation capacity in Asia Pacific 1999–2009 (MW), 2010
Table 30: Cumulative installed solar PV power generation capacity in Japan 2010–14 (MW), 2010
Table 31: Projected cumulative installed solar PV power generation capacity in China by 2014 (MW), 2010
Table 32: Targets for installed solar power generation capacity in India 2010–22 (MW), 2010131
Table 33: Installed solar PV power generation capacity in Latin America (MW), 2009
Table 34: Cumulative installed solar power generation capacity in Africa and Middle East (MW), 2009
Table 35: Upcoming ISCC plants in Algeria, 2009
Table 36: Israel, cumulative installed solar PV power generation capacity 2003–09 (MW), 2010
Table 37: Share of solar power in global electricity generation 2009 & 2050 (%), 2010
Table 38: Global installed solar PV power generation capacity 2010–2014 (MW), 2010
Table 39: Global polysilicon supply 2010–12 (1,000 MT), 2010
Table 40: Global total installed CSP power generation capacity by 2015 (MW), 2010
Table 41: Global cumulative installed CSP power generation capacity by technology 2015 (GW), 2010
Table 42: Select CSP projects in upcoming CSP markets, 2010
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