A joint study by A.T. Kearney and the European Solar Thermal ElectricityAssociation, ESTELA, shows the growing mid-term potential of STE to progressively substitute conventional energy sources and complement the renewable energy sources portfolio with a cost-competitive dispatchable solution – In a best-case scenario industry roadmap involves creation of 100,000 to 130,000 jobs by 2025.
Solar thermal electricity (STE) is now entering the commercial ramp-up phase and will soon be viable as a renewable energy source with a relevant positioning in the utilities portfolio. Within the next 10 years STE will be able to run with a profitable business model – challenging conventional and other renewable energy sources without any subsidies. In a best case scenario and with the proper support, STE could reach a global installed capacity of up to 100 gigawatts (GW) by 2025. This would involve the creation of a maximum of 130,000 jobs of which 45,000 would be permanent full-time jobs in operation and maintenance. This is one of the main findings of a joint study of global management consulting firm A.T. Kearney and the European Solar Thermal Electricity Association, ESTELA.
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