China market study confirms CSP value in high wind, solar markets
CSP could be economically viable without subsidies in markets with over 50% variable renewable energy penetration and wind curtailment needs could create the greatest opportunities, a study by Chinese and U.S. researchers has found.
CSP developers predict rising wind and solar capacity will open up new opportunities to provide flexible power generation and overnight supply.
Wind and solar capacity has soared on the back of falling technology costs, but the higher the penetration, the smaller the incremental benefits to the grid. At the same time, Western countries and others like China are reducing fossil fuel generation capacity which has typically provided a reliable source of flexible power.