Concentrated Photovoltaic (CPV) - Global Installation Size, Cost Analysis, Efficiencies and Competitive Analysis to 2020 Reference Code: GDAE1043MAR Publication Date: April 2011 The US, Germany and Japan are Key Countries for the CPV–The Emerging Solar Technology Industry CPV is an upcoming renewable market which promises to In 2010 Spain dominated the global CPV market with around provide cost-effective power generation at high levels of XX MW of cumulative installed capacity. Spain accounts for efficiency. Presently, the global CPV cumulative installed XX% of the global CPV installed base. Most parts of the country capacity is XX MW. The technology is still developing and so experience high DNI which attracts CPV installers for most CPV projects are in the pilot or prototype stage. Guascor investments in Spain. The US follows Spain with a cumulative Foton’s Navarre power plant and Murcia power plant are the installed capacity of around XX MW; thereby accounting for largest CPV plants with installed capacities of XX MW and XX XX% of the global CPV installed capacity. Greece and Australia MW respectively. Globally, Spain has the largest market for have also attracted CPV system installers due to a high DNI CPV installations. In the US, the major emerging companies are concentration. These countries account for approximately XX% SolFocus, Amonix, EMCORE and Skyline Solar. European and XX% of the global CPV cumulative installed capacity companies such as Concentrix, Abengoa Solar and ArimaEco respectively. have also started making progress in the CPV market. Global Cumulative Installations to Reach XX GW by 2020 Concentrated PV Market, Global, Cumulative Installed Capacity by Country, %, 2010 The CPV market is expected to grow dramatically over the next three years. Companies that have successfully operated CPV The US prototype systems in pilot locations are progressing towards multi-megawatt CPV projects. With an increased understanding of CPV in terms of technology and investment, most of the Greece players have plans for large-scale CPV projects. Companies such as SolFocus, Amonix and ArimaEco are planning to Australia expand their production capacities in order to meet the Others upcoming demand. Countries such as Italy, China, Australia, Spain India and South Korea are proving to be important emerging markets in the CPV industry. Italy’s CPV FIT program and China’s low-cost production and high DNI in western region are Source: GlobalData, Primary Research attracting CPV investors in these countries. Concentrated PV Market, Global, Installed Capacity, Venture Financing of Around $XXm in the CPV Market in MW, 2011-2020 2010 During 2006–2010 more than $XX billion deals have been completed in the global CPV market globally. As CPV is still an emerging technology there were approximately XX private equity and venture financing deals during the period. Centure financing increased from $XXm in 2006 to $XXm in 2010. The major venture financing deals were $XXm by HelioVolt Corporation, $XXm by eSolar, $XXm by Infinia, $XXm by Installed CapacityInstalled (MW) SolFocus and $XXm by Amonix. 2011 2015 2020 Annual Capacity Cumulative Installed Source: GlobalData, Primary Research GDAE1043MAR /Published APR 2011 Concentrated Photovoltaic (CPV) - Global Installation Size, Cost Analysis, Page 1 Efficiencies and Competitive Analysis to 2020 © GlobalData. This report is a licensed product and is not to be photocopied 1 Table of contents 1 Table of contents............................................................................................................................. 2 1.1 List of Tables............................................................................................................................. 5 1.2 List of Figures............................................................................................................................ 6 2 Concentrated PV-Introduction .......................................................................................................... 8 2.1 Concentrated PV–Value Chain .................................................................................................. 8 2.2 Concentrated PV–Comparison with Solar PV ............................................................................. 9 2.3 GlobalData Report Guidance................................................................................................... 10 3 Concentrated PV–Technology Analysis.......................................................................................... 11 3.1 Concentrated PV–Major Components ...................................................................................... 11 3.1.1 Concentrator Solar Cell:.................................................................................................. 11 3.1.2 Optical System ............................................................................................................... 12 3.1.3 Module Assembly ........................................................................................................... 12 3.1.4 Tracker........................................................................................................................... 12 3.1.5 Inverter........................................................................................................................... 12 3.2 Concentrated PV, Classification Based on Degree of Concentration.......................................... 13 3.3 Concentrated PV Technologies................................................................................................ 14 3.3.1 Fresnel Lens .................................................................................................................. 14 3.3.2 Parabolic Mirrors ............................................................................................................ 15 3.3.3 Reflectors....................................................................................................................... 16 3.3.4 Luminescent Concentrators............................................................................................. 16 3.4 Concentrated PV Efficiency ..................................................................................................... 17 4 Concentrated PV–Cost Analysis..................................................................................................... 19 4.1 Concentrated PV–Cost Break-up of HCPV Components........................................................... 19 4.2 Concentrated PV–Cost Break-up of MCPV Components .......................................................... 21 4.3 Concentrated PV–Levelized Cost of Electricity (LCOE)............................................................. 23 5 Global Concentrated PV Market ..................................................................................................... 25 5.1 Overview................................................................................................................................. 25 5.2 Global Concentrated PV Market, Installed Capacity, MW, 2006–2020....................................... 27 5.3 Global Concentrated PV Market, Power Generation, GWh, 2006–2020..................................... 29 5.4 Global Concentrated PV Market, Cumulative Installed Capacity by Concentration, 2010............ 31 5.5 Global Concentrated PV Market, Installed Capacity by Country, 2010....................................... 32 5.6 Global Concentrated PV Market, Average Installation Price, $/watt, 2006–2020 ....................... 33 5.7 Global Concentrated PV Market, Market Value Forecasts, $m, 2006–2020 ............................... 35 5.8 Global Concentrated PV Market, Key Drivers and Challenges................................................... 37 5.9 Global Concentrated Solar PV Market, Investment Analysis...................................................... 40 5.10 Global Concentrated PV Market, Competitive Landscape ......................................................... 42 5.10.1 Global Concentrated Solar PV Market, Market Share, 2010 ............................................. 42 5.10.2 Global Concentrated Solar PV Market, Comparative Analysis, 2010................................. 43 6 The US Concentrated PV Market ................................................................................................... 50 6.1 Overview................................................................................................................................. 50 6.2 Concentrated PV Market, the US, Installed Capacity, MW, 2006-2020 ...................................... 51 6.3 Concentrated PV Market, the US, Power Generation, GWh, 2006-2020.................................... 53 6.4 Concentrated PV Market, the US, Average Installation Price, $/watt, 2006-2020....................... 55 6.5 Concentrated PV Market, the US, Market Value Forecasts, $m, 2006-2020............................... 57 6.6 Concentrated Solar PV Market, the US, Investment Analysis .................................................... 59 6.7 Concentrated Solar PV Market, the US, Regulatory Framework................................................ 60 6.7.1 Concentrated Solar PV Market, the US, Regulatory Framework, Overview ....................... 60 6.7.2 Concentrated Solar PV Market, the US, Major Policies and Incentives.............................. 60 6.8 Concentrated Solar PV Market, the US, California, Status and Policies ..................................... 62 6.8.1 Concentrated Solar