News about Solar, Wind and alternative green power technologies

A recent report entitled Solar Thermal Power Market Forecast 2020 – Utilities to Drive Future Developments in the Concentrated Solar Power (CSP) Market – estimated that the solar energy market will continue to grow through the decade.

The report scrutinizes the outlook of the global solar thermal market for 2020. The key trends and growth opportunity have been highlighted. There is also crucial information on the new emerging sectors of solar thermal energy as well as policies that govern the industry.

Facts in the Report

One of the prime factors supporting the urgent growth of renewable energy is greenhouse emissions. World’s economies are seeking for sustainability in terms of energy and development. This is slowly leading to the demise of polluting fossil fuel and birth of alternative sources of energy like biomass, wind, geothermal and solar.

The down fall of the world’s economies have given governments the opportunity to change the current energy mix. In several countries, stimulus packages to encourage the growth of green energy have been seen. Developed countries have roughly allocated a total of $512 billion to stimulate the growth of green energy. This does equally apply to Asian countries where growth in renewable has taken new heights like in nations such as South Korea and China.

The global solar thermal market has had an incredible expansion in installed capacity during 2010. Before Spain joined the global solar thermal market in 2007, US was the main country opting for that type of technology. However, after 2007 the solar thermal market has surged to widespread geographical borders, including Morocco and Australia. The concentrated capacity of the technology is increasingly tempting nearby countries to engage in similar projects.

In America, there is an interest to install CSP plants. The benefit of having a growing entrance of energy companies and projects are fundamentally important. It helps to cope for the increasing demand of energy. More importantly, Solar Thermal technology is more efficient than Solar PV systems and has the potential to store energy.

The report is sold at: Report on US Solar Thermal Power Market Analysis and Forecasts