Tag Archives: Martin Stadelmann

Is concentrated solar power getting any cheaper? And what role can policy play in bringing costs down?

January 22, 2014 |

 

In the past, renewable energy technologies have been much more expensive than their fossil fuel competitors but costs of wind and solar have come down after public support has deployed them at scale. In fact, costs of solar photovoltaic power plants have decreased roughly 20% and wind power plants 15% every time installed capacity has doubled.

For concentrated solar power (CSP), experts have projected a cost reduction of 10-15% for every doubling of capacity. However, new CPI analysis shows that CSP has not demonstrated cost reductions at the global level with increased deployment over the last five years, but it has done so in some regions for some CSP technologies.

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