SOLARSPHERE
Solar Power in Mass Production
Solar Power in Mass Production
INVESTMENT OPPORTUNITIES
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SOLARSPHERE Solar Power in Mass Production |
INVESTMENT OPPORTUNITIES |
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| Artist's impression of an array of Sierra Concentrators shown in quarter population of their field to receive the maximum insolation, year round.
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Global Opportunities The global opportunities for renewable energy technology are considered in the below articles. These include references to
These documents demonstrate macro-level political and economic support for solar energy and in particular Concentrating Solar Power. Chinese Legislation requiring 10% renewables - including solar - by 2020. China will increase the use of renewable energy until it accounts for 10 percent of the country's total energy consumption by the year 2020, said experts at the China Energy Strategy Higher Level Forum here Thursday. China has the potential to develop 400 million kilowatts of hydraulic power and 1 billion kilowatts of wind power, in addition to the rich solar energy resources in two-thirds of its 9.6 million-square kilometer land territory. Meanwhile, the total amount of the country's bio-energy resources is expected to reach the equivalent of 1.2 billion to 1.5 billion tons of coal a year by 2020. China's renewable energy resources law, ratified in February this year, will take effect as of June 1, 2006. Sources said the detailed rules for the implementation of the law would be drawn out very soon. BEIJING, May 26 (Xinhuanet) -- http://news.xinhuanet.com/english/2005-05/26/content_3007754.htm The World Bank Loans China $87 million to scale up its national renewables program The World Bank has approved a loan of 87 million US dollars to China for the financing of the Renewable Energy Scale-up Program, supplemented by a grant of 40.22 million US dollars from the Global Environment Facility... the project is expected to induce an increased capacity of renewable electricity of more than 200,000 kilowatts, reduce carbon emissions by about 800 million tons. SolarPACES projects CSP to be cost effective with Coal by 2015 "The CSP industry, as well as other reliable and qualified independent third parties, anticipate that solar electricity generation costs will be fully competitive with fossil-based, grid connected power generation costs once an initial 5,000 MWe of new CSP solar capacity is installed globally". Source: SolarPACES Concentrating Solar Power - Global Market Initiative Clean Energy at the top of the G8 agenda Excerpts from the Gleneagles G8 Summit (July, 2005) declaration on Climate Change, Clean Energy and Sustainable Development. 5. We face a moment of opportunity. Over the next 25 years, an estimated $16 trillion will need to be invested in the world’s energy systems. According to the IEA, there are significant opportunities to invest this capital cost-effectively in cleaner energy technologies and energy efficiency. Because decisions being taken today could lock in investment and increase emissions for decades to come, it is important to act wisely now. 6. We will, therefore take further action to: Western Governors Association call for 1,000 MW of Concentrating Solar Power by 2010 6. Western Governors, and especially Governors from the Southwestern States, have long recognized the vast and largely untapped potential for solar powered generation in the region. The Governors have been actively engaged with the solar industry and other interested stakeholders in evaluating an initiative that could result in the construction of 1,000 MW of concentrating solar power generation in the region. WGA is pursuing a grant proposal with the Department of Energy that would allow WGA to establish a stakeholder working group to develop options for consideration by the Governors in furtherance of the 1,000 MW initiative. |
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