Posts tagged with: solar thermal

A survey carried out by the Solar Trade Association (STA) has reported a massive drop in sales in solar panels in the last few months. The STA, a body which represents photovoltaic installers, manufacturers and suppliers has stated that since the arrival in office of David Cameron’s Conservative government business has dropped off considerably.

Paying particular attention to solar thermal installers, the STA findings have shown that since early May around 50per cent of these installers have reported a 75 per cent reduction in new business, figures which are likely to have resonance across the renewable energy sectors.

Spending cutbacks have been the prominent feature of the new coalition government and these spending cuts have certainly been felt in the solar energy industry according to the STA’s findings. Concepts such as the ‘Green New Deal’ are also being harmed with a sharp fall in green jobs across the country. Indeed, the STA report found that 65 per cent of its members were considering leaving the industry temporarily during these hard times with 7 per cent considering leaving permanently.

Chairman of the STA, Howard Johns said,

“We have a new Government which claims to be the greenest Government ever, yet in its first days it has caused severe setbacks in what is otherwise a buoyant sector. Removing grant support for solar thermal and giving no clarity on new incentives has severely hit a sector that will provide many green jobs and lots of renewable energy with the right support behind it.”

The withdrawal of certain schemes for solar thermal such as Renewable Heat Incentives and the Low Carbon Building program grants have been in stark contrast to solar PV where feed-in tariffs have seen investment and installation go from strength to strength. First introduced under the guise of the Clean Energy Cash back scheme, it highlights exactly how crucial government incentive schemes are in kick starting renewable energy take up in the UK.

Green Power Conferences, the company which has provided successful solar forums internationally across a number of photovoltaic markets has announced the dates for their ‘Solar Turkey’ conference. The Turkey conference, to be held in Istanbul on the 10-11 of December 2009 will offer a comprehensive guide and forum covering all issues relevant to the ever growing Turkish solar energy industry.

Over recent years, Turkey state legislation has sought to harness the high levels of solar irradiance enjoyed by the country by offering incentives designed to increase investment in the Turkish renewable energy sector. Key to these incentives is the implementation of a feed-in tariff which will offer premium, guaranteed rates for renewable energy suppliers feeding surplus energy back in to the national grid. The implications of such legislation and implications for the potential of the Turkish solar industry will be discussed in detail on the two dates at the Mövenpick Hotel announced by Green Power Conferences.

Up for discussion will be a number of issues relevant to the Turkish solar market. Key to this will be the huge potential for the sector with the state government set to introduce new renewable energy legislation in the autumn of this year. The potential will also be discussed in relation to the existing successes of the market with 2 million square metres already installed. Potential investment opportunities will be also be presented in relation to various solar technologies currently available for installation. Solar PV, Thermal and CSP will each provide exciting opportunities in the upcoming sector.

As with all previous Green Power Conferences, attendees will be exposed to a number of high profile players within the industry ranging from financial, manufacturing, technology development and project managers all offering invaluable experience and information about industry in Turkey. Networking opportunities will involve meeting with legal advisors, banks and utility companies in order to offer a perspective about the viability of solar investment within the Turkish system.

The Agenda will include information on pitfalls and challenges with a view to giving attendees real advice as to the ups and downs of solar investment in Turkey. With regards to the feed-in tariff, presentations will include real Turkish case studies with figures and market stats in support. Financing opportunities will be presented with various options for raising capital within Turkey. Similarly, the difffering technology options will be presented as to the benefits of each in respect to investment yields.

Green Power Conferences will be sure to deliver yet another successful solar forum as they have done elsewhere, worldwide. For anybody interested in solar investment, this event will be unmissable.

For more information on the Solar Turkey event please visit, has followed up the providing of the high yield Solar Investment Bond by releasing an investment product based on the construction of a 50MW solar thermal plant in Spain.

With the solar thermal industry predicted to be worth around €16.4 billion annually within the next 20 years, investors across Europe are turning their attention to new energy technologies, with solar thermal at the forefront of renewable energy generation.

Through the application of Concentrated Solar Power (CSP) technology, solar radiation is harnessed in cells to produce medium – high temperatures the energy from which is used to drive conventional turbines. With advances in technology, these plants are now able to store the heat energy through the night, ensuring that the turbines are driven on a 24 hour basis.

Solar Thermal energy technology requires direct sunlight for production, therefore the €320 million site to be located in Spain will harness the high solar radiation levels of the region to maximise energy production from the plant.

Along with the climatic benefits of Spain, investment opportunities are boosted by the presence of a feed-in tariff protected by Royal Decree, legislation which obliges utility companies in the region to purchase the renewable electricity at rates above market prices. The feed-in tariff mechanism has been used successfully in a number of countries as a way of off-setting the obvious costs involved in renewable energy production. This in turn attracts investment by offering investors consistent high yields over a long term period.

The product offered by will use the Spanish feed-in tariff mechanism to offer investors revenue streams of around 9-10% p/a over a long term period. This power plant investment scheme is also insured to guarantee to investors that the plant construction will be kept to timescale and also, that the plants productivity once active, will be at the highest possible level.

Investment – Solar Thermal
Budget – From 10 Million Euros
ROI – 8-10%
Investment Duration – 40 Years
Exit Strategies – Available

Click Here For More Information And To Enquire

The date has been announced for the ‘Introduction to solar markets and technology’ course to be held in London between 14 & 15 October 2009. The Green Power Academy which will be hosted in conjunction with the highly successful Green Power Conferences will seek to shed some light on the essential basics of the emerging UK photovoltaic (PV) industry.

The course will offer information and debate on the various commercial advantages which potentially be gained from the solar industry. Highlighting case examples, figures and various business models, attendees will have an opportunity to analyze and compare the different options available to those planning on investing in the UK solar industry. Similarly, the conference will provide detailed and expert evaluations of the various ways of harnessing the sun’s energy for the purposes of energy generation. With a focus on both PV and solar thermal technologies the presentations will give advice as to the respective advantages and disadvantages of each technological field.

Regarding photovoltaic technology the course will cover key areas such as PV material and design looking at the components involved in the manufacture of these materials. From a manufacturing point of view, attendees will be given information on the procurement of solar material along with the costs involved with supplies. Information about grid connectivity and efficiency will all be given using relevant case examples giving attendees a valuable insight into how the PV market has worked elsewhere.

The thermal solar market will be looked at giving specific information regarding Concentrating Solar Power (CSP) and Thermal Energy Storage (TES) solutions for the market and ideas as to where it will be moving in the future. Case studies and figures will be used to give ideas as to the various benefits this technology will provide for potential investors in this sector. The sector will also be analyzed in terms of future market trends and of course regulations which could effect the industry in the future.

Green Power Academy has a history of successful renewable energy courses and will continue the trend in London next month. Dr. John Massey, the training director for the course will use his extensive experience in the solar industry to offer attendees an invaluable resource whether they be new to the industry or new investors wishing to join the emerging sector in its infancy.

If you wish to find out more about this event please visit: