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SOLAR MILLENNIUM AG

Solar Thermal Electricity 2025.

Produced by: A.T. Kearney, ESTELA

Year: 2010

Content: Solar-thermal electricity (STE for short) is competitive. Within the next ten years, there will be an opportunity to generate this economically and free of subsidies. In doing so, it will compete with fossil fuels. Moreover, STE represents an increasingly more attractive addition to the renewable energy portfolio, of which it has a relevant share. The thermal solar capacity installed worldwide will ideally reach 100 gigawatts (GW) by 2025. This could create up to 130,000 jobs; 45,000 thereof would be long-term in the fields of operation and maintenance. The central focus of the study is the development of an extensive industry roadmap aimed at estimating the potential of solar-thermal electricity with regard to the costs and technological development. The study also shows that the cost of generating STE electricity can be reduced by up to 30 percent by 2015 and even by more than 50 percent by 2025. As such, solar-thermal electricity can contribute significantly to reaching certain energy and environmental targets, for example the EU’s 20-20-20 goal.

You can find the complete study here (2MB, pdf).