Global concentrated solar photovoltaic market: Spain dominates with 18.5 MW in 2011

Press Release   •   Feb 22, 2013 13:58 GMT

The global concentrated solar photovoltaic market is an upcoming solar technology that promises to provide cost-effective power generation at high levels of efficiency. Presently, the global CPV cumulative installed capacity is only 53.3 Megawatts (MW). The technology is still developing, and so most of the CPV projects are in the pilot or prototype stages. Guascor Foton's Navarre power plant and Murcia power plant are the largest CPV plants currently online, with installed capacities of 7.8 MW and 2 MW respectively. Both of these are in Spain, which also has the largest market for CPV installations generally. In the US, the major emerging companies are SolFocus, Amonix, Emcore and Skyline Solar. European companies such as Concentrix, Abengoa Solar and ArimaEco have also started making progress in the CPV market.

The CPV market is expected to grow dramatically over the next three years. Companies that have successfully operated CPV prototype systems in pilot locations are progressing towards multi-MW CPV projects. With an increased understanding of CPV in terms of technology and investment, most of the players have plans for large-scale CPV projects. Companies such as SolFocus, Amonix and ArimaEco are planning to expand their production capacities in order to meet the upcoming demand. Countries such as Italy, China, Australia, India and South Korea are proving to be important emerging markets in the CPV industry. Italy's CPV Feed-In-Tariff (FIT) program and China's low-cost production and high Direct Normal Irradiation (DNI) in its western region are attracting CPV investors in these countries.

In 2011, Spain dominated the global CPV market with around 18.55 MW of cumulative installed capacity. Spain accounts for 34.8% of the global CPV installed base. Most parts of the country experience high Direct Normal Irradiance (DNI) concentrations, which attracts CPV installers to make investments in Spain. The US follows Spain, with a cumulative installed capacity of around 16.37 MW; and it consequently holds 30.7% of the global CPV installed capacity. China and Australia have also attracted CPV system installers due to high DNI concentrations. These countries account for approximately 5.3% and 4.7% of the global CPV cumulative installed capacity, respectively.

During 2006-2011, more than $1.8 billion deals have been completed in the global CPV market globally. As CPV is still an emerging technology, there were approximately 50 venture financing deals during the period. Venture financing increased from $81m in 2006 to $111.6m in 2011. The major venture financing deals were $35m by GreenVolt Corporation, $20.6m by Semprius Inc., and $26.3m by Morgan Solar Inc.

This report offers comprehensive information and understanding of the market trends in global concentrated photovoltaics industry. The research provides an understanding of the global CPV market and also provides market analysis of the US, Spain, China, Italy and Australia CPV markets. The research provides historical and forecast data to 2020 for installed capacity, power generation and cost trends. The report also details the installed capacity split by concentration (HCPV and LCPV), major countries and major players in the global CPV market. The report analyses renewable energy initiatives with policy framework in countries such as the US, Spain, China, Italy and Australia.

For more information on the Global concentrated solar photovoltaic market, please click here: Global Concentrated Solar Photovoltaic Market

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