China to Have 3 GW of Concentrated Solar Thermal Power by 2020

The concentrated solar power market will continue to grow, even in the midst of solar PV’s rapid cost reductions. According to the latest reports, China is projected to have 1,000 MW of concentrated solar thermal power capacity by 2015 and 3 GW by 2020.

“Among the newly-encouraged energy resources listed in the Catalogue of Industry Structure Adjustment 2011 Version issued by China’s National Development and Reform Commission (NDRC) on June 1st, 2011, concentrating solar thermal power was given high priority,” REVE notes.

“According to China’s 12th Five-Year Plan, in the next 5 years, regions with good illumination conditions and adequate space and water resources will serve as pilot areas of solar thermal power projects to accelerate industry development. Insiders believe that by the end of the 12th Five-Year Plan period (2011-2015), China’s installed capacity of solar thermal power will exceed that of photovoltaic generation.”

REVE also notes that 2nd Annual China Concentrating Solar Power Summit will be June 28-29 in Beijing, China, where ‘hot issues’ will be discussed and investment opportunities explored. “250+ industry leaders from government departments, power & energy companies, solar power plants, technology and equipment suppliers, industry solution providers and research institutes will join in.”

Source: REVE