CSP could meet up to 6% of the world’s power needs by 2030 and 12% by 2050 while creating millions of jobs

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CSP could supply as much as 12% of the world’s power needs by 2050, given the right conditions, according to a new report, Solar Thermal Electricity Global Outlook
2016, 4th Edition, released by Greenpeace International, SolarPACES and ESTELA (European Solar Thermal Electricity Association). It also shows how CSP could create millions of jobs. CSP is the key to achieving a world powered by 100% renewable energy by 2050. It also has the ability to harness the sun to provide round-theclock energy, even at night. CSP unlocks a future of emission-free energy in sun-belt countries around the globe.

The annual market volume for CSP hit US$1bn in 2009. While the installed capacity of CSP in 2006 was only 0.5 GW, it has increased ten-fold to almost 5 GW today. Projects currently under construction, mainly located in South Africa, India, the Middle East and Morocco, will add at least another 300 MW over the next two years.

FuturENERGY
The Solar Thermal Electricity Global Outlook 2016 modelled several future scenarios
for technology growth. The potential for CSP to meet global electricity demand is far greater. The analysis based on the Advanced scenario assumptions shows that concentrating solar power could meet up to 12% of the world’s projected power needs by 2050. Read more…

Article published in: FuturENERGY March 2016