Kulichenko, NataliaWirth, Jens2012-07-312012-07-312012-06-28978-0-8213-9607-0https://hdl.handle.net/10986/9382Concentrating Solar Thermal power (CST) has a tremendous potential for scaling up renewable energy at the utility level, diversifying the generation portfolio mix, powering development, and mitigating climate change. At present, different CST technologies have reached varying degrees of commercial availability. This emerging nature of CST means that there are market and technical impediments to accelerating its acceptance, including cost competitiveness, an understanding of technology capability and limitations, intermittency, and benefits of electricity storage. Many developed and some developing countries are currently working to address these barriers in order to scale up CST-based power generation. This report: a) analyzes and draws lessons from the efforts of some developed countries and adapts them to the characteristics of developing economies; b) assesses the cost reduction potential and economic and financial affordability of various technologies in emerging markets; c) evaluates the potential for cost reduction and associated economic benefits derived from local manufacturing; and d) suggests ways to tailor bidding models and practices, bid selection criteria, and structures for power purchase agreements (PPAs) for CST projects in developing market conditions. The report also presents a review of typical cost structures for parabolic trough and power tower plants, which was derived from projects developed or under preparation in Spain and the United States specifically for this report, and an in-depth assessment of the respective cost drivers.CC BY 3.0 IGOACCESS TO INFORMATIONACTION PLANAPPROACHAUCTION MECHANISMAUCTION MECHANISMSAVAILABILITYBACK-UPBALANCEBALANCE SHEETBIDBIDSBIOMASSBOILERBONDBONDSBUYERBUYERSCAPABILITIESCAPABILITYCAPACITY FACTORCAPACITY FACTORSCAPITAL EXPENDITURECAPITAL EXPENDITURESCAPITAL INVESTMENTCARBONCARBON EMISSIONSCARBON VALUESCASH FLOWCASH FLOWSCERTIFICATECLEAN ENERGYCLEAN TECHNOLOGYCLIMATECLIMATE CHANGECOCO2COLORSCOMMERCIAL BANKSCOMPETITIVENESSCOMPLIANCE COSTCONSUMER PRICE INDEXCONSUMER PROTECTIONCOST OF ELECTRICITYCREDIT STRENGTHCYCLE SYSTEMDEBTDEBT SERVICEDESERTSDEVELOPING COUNTRIESDEVELOPING COUNTRYDEVELOPMENT BANKDIESELDIFFUSIONE-MAILECONOMIC DEVELOPMENTELECTRICITYELECTRICITY CAPACITYELECTRICITY CONSUMPTIONELECTRICITY GENERATIONELECTRICITY PRICESELECTRICITY PRODUCTIONELECTRICITY SUPPLYELECTRICITY TARIFFEMERGING MARKETEMERGING MARKETSEMISSIONEMISSION PERMITSEMPLOYMENTENABLING ENVIRONMENTENERGY DEVELOPMENTENERGY EFFICIENCYENERGY MARKETSENERGY POLICIESENERGY SOURCESEXPENDITUREEXPENDITURESEXTERNAL CONSULTANTSFINANCIAL CRISISFINANCIAL INSTRUMENTFINANCIAL RISKFINANCIAL STABILITYFINANCIAL STRUCTURESFINANCIAL SUPPORTFINANCIAL SUSTAINABILITYFINANCIAL TERMSFOSSILFOSSIL FUELFOSSIL FUEL CONSUMPTIONFOSSIL FUEL IMPORTSFUELSFUND MANAGEMENTGASGAS TURBINEGENERATIONGENERATION CAPACITYGHGGLOBAL ENVIRONMENT FACILITYGLOBAL KNOWLEDGEGOVERNMENT POLICYGROSS DOMESTIC PRODUCTHEATHEAT TRANSFERHOME MARKETIMPACT ASSESSMENTINDUSTRIAL DEVELOPMENTINFLATIONINFRASTRUCTURE INVESTMENTINSTITUTIONAL CAPACITYINSTRUMENTINTERNATIONAL BANKINTERNATIONAL FINANCEINVESTMENT BANKINVESTMENT FUNDSINVESTMENT LOANSINVESTMENT PROJECTSINVESTMENT REQUIREMENTSIRRADIATIONKILOWATT-HOURLICENSELICENSESLOAD FACTORLOANLOAN GUARANTEELOAN GUARANTEESLOCAL CAPACITIESLOCAL CAPACITYLOCAL MARKETSLONG-TERM INVESTMENTMANUFACTURINGMARKET CONDITIONSMARKET IMPEDIMENTSMARKET MECHANISMMARKET PRICEMARKET PRICESMARKET SIZEMATURITYNATURAL GASOPPORTUNITY COSTPHOTOPHOTOVOLTAIC POWERPHOTOVOLTAICSPHYSICAL ASSETPIPELINEPOLICY FRAMEWORKPOLLUTANTSPORTFOLIOPOWER BLOCKPOWER CAPACITYPOWER CONVERSIONPOWER CORPORATIONPOWER GENERATORSPOWER PLANTPOWER PLANTSPOWER PRODUCERPOWER PRODUCERSPOWER PURCHASE AGREEMENTSPREMIUM PAYMENTPRICE DISCOVERYPRICE OF ELECTRICITYPRIVATE PARTNERSHIPPRIVATE SECTORPRIVATE SECTOR INVESTMENTSPROCUREMENTPUBLIC UTILITIESQUERIESR&DRATE OF RETURNREGULATORY FRAMEWORKREGULATORY FRAMEWORKSRENEWABLE ENERGIESRENEWABLE ENERGYRENEWABLE ENERGY FUNDRENEWABLE ENERGY GENERATORSRENEWABLE ENERGY PRODUCERSRENEWABLE ENERGY PROJECTSRENEWABLE ENERGY SOURCESRENEWABLE ENERGY SYSTEMSRENEWABLE ENERGY TECHNOLOGIESRENEWABLE ENERGY TECHNOLOGYRENEWABLE PORTFOLIO STANDARDRENEWABLE PORTFOLIO STANDARDSRENEWABLE POWERRENEWABLE SOURCERENEWABLE SOURCESRENEWABLE TECHNOLOGIESREPAYMENTRESERVERESULTRESULTSRETURNSREVERSE AUCTIONRISK CAPITALRISK PROFILERURAL ENERGYSENSITIVITY ANALYSESSENSITIVITY ANALYSISSOLAR ENERGYSOLAR POWERSOLAR PROJECTSSOLAR RADIATIONSOLAR RESOURCESOLAR THERMALSOVEREIGN GUARANTEESSPOT MARKETSTEAM GENERATIONSTEAM TURBINESUSTAINABLE ENERGYTARGETSTARIFF LEVELSTAXTAX CREDITTAX CREDITSTAX EXEMPTIONTAX INCENTIVESTECHNICAL ASSISTANCETELEPHONETHERMAL PERFORMANCETHERMAL POWERTHERMAL POWER GENERATIONTHERMAL TECHNOLOGIESTRADABLE EMISSIONTRADINGTRANSACTIONTRANSACTION COSTSTRANSLATIONTRANSPARENCYTRUST FUNDUTILITIESUTILITY MODELVALUE CHAINWHOLESALE PRICEWINDWIND POWERWIND PROJECTSWorld Bank10.1596/978-0-8213-9607-0