Going abroad to install solar thermal power generation equipment

Why do solar thermal systems need to be installed in Europe?

In brief, solar thermal systems installed in Europe have a combined energy storage capacity 20 times higher than the total power storage capacity available. Storage capacity is essential for the flexibility of the energy system. The heat demand in Europe is more than double of the power demand and on top of that as much more extreme peaks.

Can solar thermal power plants be used in sunny countries?

In energy systems in sunny countries that rely on renewable energy sources, solar thermal instead of fossil fuel power plants will be able to supply cost-effective base-load and peak-load electricity at low cost and stabilise the power grids.

Should solar thermal power plants be a viable alternative to fossil-fuel power plants?

In sunny countries, a new solar thermal power plant project is usually one of the possible alternatives for generating electricity from renewable energy sources, which are still in com-petition with fossil-fuel power plants. In this competition, the cost of electricity generation plays a decisive role.

How much does a solar thermal power plant cost?

The cost of a solar thermal power plant varies depending on its location, exact configuration, equipment selection and capacity. On average, a 50 MW solar thermal power plant, the most common option in Europe, costs 400.000-450.000 euros per MW of installed capacity.

Is solar thermal a European based industrial sector?

Taking solar PV has a benchmark, we can identify that solar thermal already fulfils several important preconditions for growing further as a European based industrial sector. It has a well-established manufacturing capacity in Europe, holding technology sovereignty and being the technological leader worldwide.

Are solar thermal power plants a good option?

With their integrated thermal storage systems, solar thermal power plants are the less expensive option for a reli-able power supply in times of insuficient feed-in from energy sources reliant on sunlight and wind, which fluctuate over the course of the day. As the technology becomes more widespread, costs will decrease significantly. 5.