Utility-Scale Solar Plants, Including Concentrating Solar Power (CSP), Are Operating, But Costs Are Massive

Governments in many nations, including the U.S. and Spain, have provided massive financial aid to firms that constructed the world’s largest (utility-scale) solar plants—those capable of powering thousands of homes at once. At various times, this aid has included loan guarantees, tax credits and research and development credits. Some of these projects also include methods that enable them to store a portion of their output for future use (energy storage) in giant batteries or other strategies. The business model is based upon selling power at wholesale to utilities that, in turn, distribute the power to end users.

American Clean Power reported that utility scale solar farms had a total capacity of 80 gigawatts in the U.S. as of 2023, or enough to power 18 million homes. Utility scale solar is the third largest source of renewable energy and employs almost 253,000 people in all 50 U.S. states.

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Utility-Scale Solar Plants, Including Concentrating Solar Power (CSP), Are Operating, But Costs Are Massive, Business and Industry Trends Analysis

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