Future Markets

In sunny countries, solar thermal plants already represent an alternative to conventional power plants. In addition to competitive power prices in the medium term, this technology has the advantages of high supply reliability and environmental friendliness.

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Unlike fossil fuels, solar energy is inexhaustible and it is freely available in many regions throughout the world. Countries in the sun belt offer particularly good prerequisites for solar thermal power plants. Simply enlarging existing plants at locations with high solar radiation will very soon make significant cost savings possible, thanks to the parabolic collector technology. As a result of falling costs for key components like mirrors and absorber pipes and their further technical development, competitive power generation will be possible in the medium term. By 2020, a reduction in energy generation costs of up to 75 percent compared to 2008 may be anticipated.

Cost competitive CO2-free energy from the sun and the relatively low energy consumption in the production of their components make solar thermal power plants a leading technology for clean energy production. Added to this are the small area required, mostly on unproductive land, and the use of recyclable materials such as concrete, steel and glass.

Oil and gas will remain the world’s primary energy sources for many years to come. Rapidly rising global demand, limited resources and investments necessary for support make it difficult to predict the cost and supply security. At an oil price above 70 dollars, large-scale solar thermal power plants are already competitive today compared to oil-fired power plants. At an oil price from 130 US dollars upwards, solar thermal plants are also more economical than gas-fired open cycle power plants.

A further advantage: Since the feedstock costs nothing, the expenditure for solar plants can be reliably calculated in the long term. Thermal energy storages or combinations with conventional power plants can increase the energy supply over a long period. In this way, the potential of the sun can in future be used efficiently on a large scale for the generation of power and process steam. The possibility of transporting power over many thousands of kilometres can make solar energy an important component in transcontinental energy concepts.

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