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

Governments in many nations, including the U.S. and Spain, have provided massive financial aid to firms planning to construct 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.  These projects may utilize one of a few technologies, including photovoltaics (PV), concentrating solar power (CSP) or concentrating photovoltaics (CPV).  Some of these projects also include methods that enable them to store a portion of their output for future use.  The business model is based upon selling power at wholesale to…

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