@article{LilliestamOllierLabordenaMiretal.2020, author = {Lilliestam, Johan and Ollier, Lana and Labordena Mir, Merc{\`e} and Pfenninger, Stefan and Thonig, Richard}, title = {The near- to mid-term outlook for concentrating solar power}, series = {Energy sources. B, Economics, planning and policy}, volume = {16}, journal = {Energy sources. B, Economics, planning and policy}, number = {1}, publisher = {Taylor \& Francis}, address = {London [u.a.]}, issn = {1556-7249}, doi = {10.1080/15567249.2020.1773580}, pages = {23 -- 41}, year = {2020}, abstract = {The history of concentrating solar power (CSP) is characterized by a boom-bust pattern caused by policy support changes. Following the 2014-2016 bust phase, the combination of Chinese support and several low-cost projects triggered a new boom phase. We investigate the near- to mid-term cost, industry, market and policy outlook for the global CSP sector and show that CSP costs have decreased strongly and approach cost-competitiveness with new conventional generation. Industry has been strengthened through the entry of numerous new companies. However, the project pipeline is thin: no project broke ground in 2019 and only four projects are under construction in 2020. The only remaining large support scheme, in China, has been canceled. Without additional support soon creating a new market, the value chain may collapse and recent cost and technological advances may be undone. If policy support is renewed, however, the global CSP sector is prepared for a bright future.}, language = {en} }