Xin Lang Cai Jing·2025-08-20 00:06Core Viewpoint - Concentrated solar power (CSP) is recognized as a highly stable renewable energy source, playing a significant role in the construction of a new power system. The industry has seen a notable acceleration in new installed capacity, although the base remains relatively small, indicating substantial growth potential [1] Industry Development - As of the end of 2024, China's cumulative CSP capacity is projected to reach 838.2 MW. From 2021 to 2024, the country is expected to add 300 MW of new CSP installations, which is significantly below the annual target of 3 GW, highlighting the vast development space available in the industry [1] - Since the inception of the CSP industry in China in 2016, the annual installed capacity has exhibited significant fluctuations. The primary reasons for this volatility include: (1) insufficient economic viability of CSP; (2) uncertainties in policies such as electricity pricing [1] Economic Viability - Current pricing policies for CSP in Qinghai Province suggest that CSP has begun to demonstrate economic viability, which could support further growth in the sector [1] System Value Distribution - The value distribution of CSP systems indicates that the concentrated system, heat absorption system, thermal system, and heat storage system hold significant shares of the overall value [1]