Increasing concerns about global climate change and the exigency to reduce greenhouse gas (GHG) emissions, is leading to the tough times to the power sector, worldwide. Europe has large share in carbon dioxide emissions, due to which there is a huge pressure on European energy market to transform the sector on the basis of renewable energy. In light of Kyoto Protocol ratification, EU has laid down 2020 objective for all its member states. In order to achieve the set targets of this objective, most of member states are establishing renewable energy power plants. This sector of renewable energy is mostly dominated by solar and wind energy subjected to availability in particular country. Two of the world leaders in solar energy are from Europe. Germany is leading in Photovoltaic market whereas, Spain is global leader in Solar Thermal technologies. In order to combat climate change, several policies and technologies have been implemented so far. Majority of climate change issues are related to energy sector. Hence, by keeping focus on both facets of energy i.e. "Negawatt" and "Megawatt", this problem can be resolved to the larger extent. Reducing consumption through increase in efficiency, balancing out the peaks via demand side management and reducing GHG emissions by replacing fossil-fuel based power generators with renewable-based generators; these steps have been adopted as the main strategies to combat the climate change issue. Besides, there are particular pros of CSP as a technology in order to drive low-carbon development. Not only it is potentially scalable for harnessing a relatively unexploited and copious renewable resource, but also it has the capability to store energy as heat which allows to generate power as per demand even in "no sun" hours. This in turn enables CSP to provide peak as well as base-load power and hence helps in balancing fluctuations in supply from wind and solar photovoltaic (PV). This unique combination of scalability and dispatchability gives CSP a key merit over other renewable sources. However, due to recent economic recession in Europe, the policies which were meant for Solar power rife, have been modified and the economic incentives which were earlier provided to make CSP plants more cost competitive with conventional ones, have been stopped. This is the biggest hurdle in achieving the target for combating climate change. In addition, age old technologies and operations adaptability, which are now being used in almost every solar power plant, are on the verge of sinking this otherwise powerful industry and tool for fighting climate change. The research aims for performing technical as well as economical analysis of different CSP technologies along with few conventional ones, in order to develop a new and powerful system for power generation on the basis of solar energy. In addition, certain redundant policies which are making fossil fuel based energy conversion systems become rife need to be abolished and henceforth an analysis is also focused in order to prove the benefit of eradicating these policies. Furthermore, since there is a scope of increment in efficiency of power block, the analysis is performed on the basis of available thermal energy before the power block instead of the finally converted electricity. In addition, effect of economic parameters such as inflation and IRR is also taken into consideration. Finally, the results are summarised and discussed with concluding remarks.
Madrid, France: Les Editions de l'Ecole Polythechnique, 2014. , 40 p.