HOME Research Insight Some of the key Players Operating in the Concentrating Solar Power Market are Abengoa Solar (Spain), Aalborg CSP (Denmark)



Some of the key Players Operating in the Concentrating Solar Power Market are Abengoa Solar (Spain), Aalborg CSP (Denmark)


The global concentrating solar power market is projected to grow at a CAGR of 10.3% from 2016 to 2021. The Middle East & Africa region is estimated to be the largest market, followed by Asia-Pacific; the trend is expected to continue till 2021. The growth of the concentrating solar power market is driven by growing environmental concerns over carbon emissions and efforts to reduce air pollution, policy support from governments to enable adoption of renewable technologies. Also the naturally higher direct solar irradiance favor CSP installations in these regions, with opportunities for exporting surplus electricity.

The concentrating solar power market is dominated by a few global players. Some of the key players operating in the concentrating solar power market are Abengoa Solar (Spain), Aalborg CSP (Denmark), ACWA Power (Saudi Arabia), BrightSource Energy, Inc. (U.S) and eSolar Inc (U.S), among others.

Key strategies adopted by players in the concentrating solar power market include expansion & investment, merger & acquisition, new product launch, contracts & agreements, and joint venture & collaboration. Contracts & agreements was the most commonly used strategy, constituting 54% of the total developments from 2013 to 2016. Industry players also widely adopted the strategy of joint ventures & collaboration and new product developments/launches during the same period.

Abengoa Solar, S.A is a subsidiary of Abengoa S.A. (Spain) that designs, builds and operates concentrating solar power (CSP), photovoltaic (PV) and Hybrid (PV + CSP) power plants. Europe’s first CSP 11 MW PS10 solar power plant was built by Abengoa Solar that uses solar power tower technology for electricity generation. South Africa’s first concentrating solar plant Kaxu Solar 100 MW was constructed by by Abengoa Solar with molten salt storage. The company also constructed a solar combined cycle hybrid power plant Atacama 1 of 150 MW capacity at Algeria. Abengoa Solar also focuses in R&D for development of CSP technology.

BrightSource Energy, Inc. is a privately held US based company that designs and builds concentrating solar power plants for the electricity, petroleum and industrial process markets globally. The company prepares own software to control the tracking mirrors, known as heliostats to produce high temperature steam. BrightSource is partnering with General Electric, (GE) (U.S.) to build a 121 MW Ashalim CSP plant in Israel’s Negev desert and estimated to complete by 2017. This project will help Israel to achieve 10 percent of its electricity production by 2020. BrightSource along with Chevron Technology Ventures (U.S.) constructed world’s largest CSP plant, with a capacity of 29 MW, that supported enhanced oil recovery efforts in Coalinga, California. BrighSource also built the 135 MW Huanghe Qinghai Delingha CSP plant in Qinghai, China. The project has multiple power towers along with thermal energy storage. BrightSource is operating the world’s largest CSP plant, Ivanpah Solar Electric Generating System (ISEGS) of 377 MW in California’s Mojave Desert.  In 2008 BrightSource opened a Solar Energy Development Center (SEDC) of 6 MW capacity in Israel’s Negev Desert, Israel.

Related Reports:

Concentrating Solar Power Market by Technology (Parabolic Trough, Power Tower, Linear Fresnel & Dish/Engine system), Components (Solar field, Power Block, and Thermal Storage), End-User (Utilities, EOR & Others ), and Region - Global Forecast to 2021

Contact:
Mr.Rohan
MarketsandMarkets™
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
1-888-600-6441
Email: sales@marketsandmarkets.com

Connect Us

Follow us on LinkedIn  Follow us on Facebook   Follow us on Twitter 
Live Chat Support


US : 1-888-600-6441

Search reports