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Economic Perspectives of Renewable Energy Systems

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Economic Perspectives of Renewable Energy Systems ( economic-perspectives-renewable-energy-systems )

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29. The results of the evaluation of solar high-temperature technologies are listed in the following table. (E) Assessment of solar high-temperature technologies Solar High-Temperature Systems against Evaluation Criteria Criterion Comments Potential Economic Contribution at current energy prices nil for the forseeable future - only test facilities in operation at 2 times current possible some - if technology will entre the market at 4 times current possible large Health & Safety Impacts to work force very good - installation and maintenance regulated by directives and standards to public very good Environment Friendliness locally excellent global warming excellent Input Sustainability excellent Security of supply excellent Compatibility with EU needs good in South Europe - fluctuating solar requires back-up or demand management Deliverability good - modular units can be installed to match demand The need for EU-wide R & D good- need to maintain competiviteness of EU manufacturers Secondary (spin-off) merits few to good - export opportunities Special Factors site depending (D) 30. 31. 32. 33. AGE recommendations The objective for further R&D in the area of solar high-temperature applications should be to develop high efficient solar combined cycle (always in conjunction with gas) for power production as well as solar thermal production of hydrogen or other fuels. This will allow to reduce costs significantly and reduce the need of cooling water thus increasing the solar power contributions significantly in Europe mainly South Europe. AGE recommendation is based on the vision that Europe should maintain its position as the world-leader of both the technological development and the commercial utilisation of solar thermal high-temperature applications. Only the support of medium- to long- term research will keep Europe competitive in solar thermal high temperature technologies, and that would not otherwise be carried out. Solar thermal high temperature technology is an option for sustainable electricity and fuel production, when costs are reduced by a factor of 3-5 compared with the present. Research infrastructures and pilot plant development are costly and would benefit from a European approach. AGE believes that there is not a current need for ‘strong’ coordination in the solar thermal field, but nonetheless there are topics which would be well suited to the EERA concept, including R&D to: • Increase efficiency and reduce costs (high temperature approach, light weight concentrators, and new reflector concepts). 112

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