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Research and Markets: The Solar Power Generation Technologies Market OutlookDUBLIN--(BUSINESS WIRE)-- Research and Markets (http://www.researchandmarkets.com/research/6d59cc/the_solar_power_ge) has announced the addition of the "The Solar Power Generation Technologies Market Outlook: Market Overview, Photovoltaic and Concentrating Solar Power Technologies, Capacity, Generation, Legislation, and the Future Outlook" report to their offering. Solar energy holds high potential for utility-scale power generation. It is estimated that solar energy received by the earth in a year, has the potential to provide 1,000 times of total annual world energy consumption, though it contributes only 0.02% of world's total power, as the technology continues to be predominantly unexplored. Solar power generation technologies can primarily be segregated into two categories. The first is direct solar technologies (also called solar cell or solar photovoltaic) which generate electricity directly from the sunlight. The second are indirect technologies (also called concentrated solar power technologies) which use the heat of the sunlight to generate electricity.
Currently, both direct solar technologies and indirect solar technologies deliver efficiencies ranging from 1215%. However, direct solar technologies are preferred for installation due to better government incentives. Currently, the most prominent types of direct solar technologies are crystalline solar PV and thin-films. Crystalline solar PV holds close to 85% of the total market share, leaving the remainder to thin-films. The growth of indirect solar technologies is expected to have large volume growth in the future on the grounds of low cost of power generation and integration with heat storage systems such as molten salt. The report provides insight on solar power generation technologies, recent developments, legislative framework in various regions and the future outlook. Key findings of the report In 2009, investment in renewables was US$150bn, with growth of 25% over 2008. Germany, China, and the US were the largest investors in the renewables in 2009. The global solar power installed capacity grew at CAGR of 29.3% from 19962009 which grew rapidly from 2004 when Germany's FiT scheme became effective and led to large number of additional solar PV installations. Government incentives and mandates worldwide are the key driver for growth in solar power. For instance, Germany's policies (including feed-in-tariffs and solar building codes) have attracted significant investments and facilitated the installation of over 9GW of solar power generation capacity in the country by the end of 2009. The incentives for solar power can be divided into feed in tariff, grants and subsidies, and tax credit. According to projections by the EPIA's moderate scenario, which is based on prevailing legislative framework, the world cumulative solar PV installed power generation capacity may reach 76.6GW by 2014, while cumulative CSP plant installed power generation capacity may reach 12.7GW by 2015. Discover...
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For more information visit http://www.researchandmarkets.com/research/6d59cc/the_solar_power_ge Source: Business Insights
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