The US Solar Thermal Power Market Outlook To 2020

Introduction

GlobalData’s renewable energy offering, “Solar Thermal Power Market Outlook in United States (US) to 2020 - Capacity, Generation, Regulations, Key Assets, and Profiles of Major Companies” gives a view of United States (US) solar thermal market and provides forecasts to 2020. This report includes information on solar thermal installed capacity and generation. It provides information on key trends, profiles of major industry participants, information on major solar thermal power plants and analysis of important deals. This, along with detailed information on the regulatory framework and key policies governing the industry, provides a comprehensive understanding of the market for solar thermal in the country.

This report is built using data and information sourced from proprietary databases, primary and secondary research and in-house analysis by GlobalData’s team of industry experts.

Scope

- Brief introduction to the overall power and renewable energy market, highlighting the fuel types – thermal, hydro, wind, nuclear, solar PV, solar thermal and biomass.
- Data provided historically from 2001 to 2009, forecast to 2020.
- Data on installed capacity and power generation.
- List of major current and upcoming Solar Thermal Power Plants.
- Key Solar thermal Companies
- Policy and regulatory framework governing the market.
- Deals in the solar thermal market in United States (US) for the past year. Deals analyzed on the basis of M&A, Partnership, Asset Financing, Debt Offering, Equity Offering and PE/VC.

Highlights

Reasons to buy

- Identify key growth and investment opportunities in the country's solar thermal market.
- Position yourself to gain the maximum advantage of the industry’s growth potential.
- Understand and respond to your competitors’ business structure, strategy and prospects.
- Facilitate decision-making based on strong historic and forecast data, deal analysis and recent developments.
- Develop strategies based on the latest operational and regulatory events.
- Identify key deals providing understanding of the mergers and partnerships that have shaped the market

Report Highlights
Abengoa Solar
Acciona Energia
Solar Millennium AG
NRG Energy
Areva
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TABLE OF CONTENTS

1 Table of Contents 2
1.1 List of Tables 10
1.2 List of Figures 12
2 Executive Summary 13
2.1 Global Power Demand to Rejuvenate 13
2.2 Global Solar Thermal Market – Growth Momentum to Accelerate 13
2.3 The US Renewable Power Market – Hydro Power Share to Decline in Generation Mix 14
2.4 The US Solar Thermal Market – California To Emerge As Solar Thermal Hub 15
2.5 The US Solar Thermal Deals Market – Deal Volume Decline, Deal Value Maintained Growth Traction in 2009 15
3 Introduction To Renewable Energy Industry 16
3.1 Global Carbon Emission, Overview 16
3.2 Green Stimulus: A Crucial Support To the Renewables 18
3.3 Global Power Demand to Rejuvenate 20
4 Global Solar Thermal Market: 2001 to 2020 22
4.1 Overview 22
4.2 Global Solar Thermal Market, Cumulative Installed Capacity, MW, 2001-2020 22
4.3 Global Solar Thermal Market, Power Generation, MW, 2001-2020 25
5 The US Power Market: 2001-2020 28
5.1 Overview 28
5.2 The US Power Market, Cumulative Installed Capacity By Fuel Type, MW, 2001-2020 28
5.3 The US Power Market, Power Generation By All Fuel Type, GWh, 2001-2020 30
6 The US Renewable Power Market: 2001-2020 33
6.1 Overview 33
6.2 The US Renewable Power Market, Cumulative Installed Capacity, MW, 2001-2020 33
6.3 The US Renewable Power Market, Power Generation, GWh, 2001-2020 35
7 The US Solar Thermal Market – 2001 to 2020 38
7.1 Overview 38
7.2 The US Solar Thermal Market, Installed Capacity, MW, 2001-2020 38
7.3 The US Solar Thermal Market, Power Generation, GWh, 2001-2020 40
8 The US Renewable Power Market, Regulatory Framework, Major Policies 43
8.1 Overview 43
8.2 Federal Financial Incentives 44
8.2.1 Corporate Depreciation 44
8.2.2 Corporate Tax Credits 45
8.2.3 Federal Loan Programs 46
8.2.4 Production Incentives – Renewable Energy Production Incentives (REPI) 47
8.2.5 Industry Recruitment/Support – Qualifying Advanced Energy Manufacturing ITC 48
8.2.6 Federal Grant Program 48
8.3 State incentive programs 49
8.3.1 Public Benefit Funds (PBFs) 50
8.3.2 Renewable Portfolio Standards (RPS) 50
8.3.3 Renewable Energy Certificates (REC) 52
8.3.4 Renewable Energy Regulations for Leading States 52
8.4 The US Renewable Energy, Regulatory Framework, New Government Policies 53
9 The US Solar Thermal Power, Regulatory Framework – Major policies 54
9.1 The Solar America Initiative (SAI) 54
9.2 Investment Tax Credit 54
9.3 The US Solar Thermal, Financial Incentives, State Wise 55
9.3.1 The US Solar Thermal, Financial Incentives, Alaska 55
9.3.2 The US Solar Thermal Financial Initiatives, Arizona 55
9.3.3 The US Solar Thermal Financial Initiatives, California 56
9.3.4 The US Solar Thermal Financial Initiatives, Colorado 56
9.3.5 The US Solar Thermal Financial Initiatives, Florida 56
9.3.6 The US Solar Thermal Financial Initiatives, Georgia 56
9.3.7 The US Solar Thermal Financial Initiatives, Idaho 57
9.3.8 The US Solar Thermal Financial Initiatives, Illinois 57
9.3.9 The US Solar Thermal Financial Initiatives, Iowa 57
9.3.10 The US Solar Thermal Financial Initiatives, Kansas 57
9.3.11 The US Solar Thermal Financial Initiatives, Kentucky 57
9.3.12 The US Solar Thermal Financial Initiatives, Maine 57
9.3.13 The US Solar Thermal Financial Initiatives, Maryland 58
9.3.14 The US Solar Thermal Financial Initiatives, Massachusetts 58
9.3.15 The US Solar Thermal Financial Initiatives, Michigan 58
9.3.16 The US Solar Thermal Financial Initiatives, Montana 58
9.3.17 The US Solar Thermal Financial Initiatives, Nevada 58
9.3.18 The US Solar Thermal Financial Initiatives, New Jersey 59
9.3.19 The US Solar Thermal Financial Initiatives, New York 59
9.3.20 The US Solar Thermal Financial Initiatives, North Carolina 59
9.3.21 The US Solar Thermal Financial Initiatives, North Dakota 59
9.3.22 The US Solar Thermal Financial Initiatives, Ohio 59
9.3.23 The US Solar Thermal Financial Initiatives, Oregon 59
9.3.24 The US Solar Thermal Financial Initiatives, Pennsylvania 60
9.3.25 The US Solar Thermal Financial Initiatives, Rhode Island 60
9.3.26 The US Solar Thermal Financial Initiatives, South Dakota 60
9.3.27 The US Solar Thermal Financial Initiatives, Texas 60
9.3.28 The US Solar Thermal Financial Initiatives, Utah 60
9.3.29 The US Solar Thermal Financial Initiatives, Vermont 60
9.3.30 The US Solar Thermal Financial Initiatives, Oklahoma 61
9.3.31 The US Solar Thermal Financial Initiatives, Washington 61
9.3.32 The US Solar Thermal Financial Initiatives, Wisconsin 61
10 The US Solar Thermal Deals Market 62
10.1 The US Solar Thermal Market, Deal Volume versus Deal Value Analysis, 2009 62
10.2 The US Solar Thermal Market, Deals by Type, 2009 63
10.3 The US Solar Thermal Market, Major Deals, 2009-10 65
10.3.1 PacifiCorp Completes 6% Bonds Offering For $650 Million 65
10.3.2 FPL Group Completes Public Offering of $160 Million 66
10.3.3 BrightSource Energy Secures $150 Million In Series D Financing 68
10.3.4 EMCORE Sells Stake In WorldWater & Solar Technologies To The Quercus Trust 70
10.3.5 Nextreme Raises Additional $8 Million In Series B Financing Round 72
10.3.6 Klickitat Public Utility District Issues 7.03% Electric System Revenue Bonds Series 2009B Due 2031 For $4.25 Million 73
10.3.7 AREVA Acquires 100% Interest In Ausra 74
10.3.8 First Solar Acquires Solar Thermal Project From Ausra 75
10.3.9 Alternative Energy Partners Acquires Sunarias 76
10.3.10 Solar Millennium Forms Joint Venture With MAN Ferrostaal 77
11 Company Snapshot – Abengoa Solar 79
11.1 Abengoa, S.A., Key Facts 79
11.2 Abengoa, S.A. - Business Description 79
11.2.1 Business Description - Bioenergy 79
11.2.2 Business Description - Environmental Services 81
11.2.3 Business Description - Industrial Engineering and Construction 83
11.2.4 Business Description - Information Technologies 84
11.2.5 Business Description - Solar 85
11.3 Abengoa, S.A. - Major Products and Services 86
11.4 Abengoa, S.A. - SWOT Analysis 87
11.4.1 SWOT Analysis - Overview 87
11.5 Abengoa, S.A. - Strengths 88
11.5.1 Strength - Strong Market Position 88
11.5.2 Strength - Efficient Use of Resources 88
11.5.3 Strength - Relative Market Performance 89
11.5.4 Strength - Earning Mix 89
11.5.5 Strength - Geographic Presence 89
11.6 Abengoa, S.A. - Weaknesses 89
11.6.1 Weakness - Highly Leveraged 89
11.6.2 Weakness - Lower Margin 90
11.7 Abengoa, S.A. - Opportunities 90
11.7.1 Opportunity - Growing Importance of Renewable Energy 90
11.7.2 Opportunity - Air Quality Market 90
11.7.3 Opportunity - Acquisitions 90
11.7.4 Opportunity - Strategic Partnerships 91
11.8 Abengoa, S.A. - Threats 91
11.8.1 Threat - Volatility in Cereal Market 91
11.8.2 Threat - Government Regulations 92
11.8.3 Threat - Financial Crisis and Global Solar PV Market 92
11.9 Abengoa, S.A., Key Employees 92
11.10 Abengoa, S.A., Capital Market Ratios 94
11.11 Abengoa, S.A., Annual Ratios 94
11.12 Abengoa, S.A. - Locations and Subsidiaries 95
11.12.1 Head Office 95
11.12.2 Other Locations & Subsidiaries 96
12 Company Snapshot – Acciona Energia 99
12.1 Acciona Energia, S.A., Key Facts 99
12.2 Acciona Energia, S.A. - Business Description 99
12.3 Acciona Energia, S.A. - Major Products and Services 101
12.4 Acciona Energia, S.A. - SWOT Analysis 101
12.4.1 SWOT Analysis - Overview 101
12.5 Acciona Energia, S.A. - Strengths 102
12.5.1 Strength - Leading Player in the Sale of Energy 102
12.5.2 Strength - Robust Wind Energy Generating Assets 102
12.5.3 Strength - Diversified Renewable Portfolio 103
12.5.4 Strength - Supply Contracts 103
12.6 Acciona Energia, S.A. - Weaknesses 103
12.6.1 Weakness - Dependent on Government and Economic Incentives 103
12.6.2 Weakness - Limited Presence in the US 104
12.7 Acciona Energia, S.A. - Opportunities 104
12.7.1 Opportunity - Stimulus Programs for Renewable Energy 104
12.7.2 Opportunity - Investment in Biomass Plants 104
12.7.3 Opportunity - Upcoming Solar Energy Projects 105
12.7.4 Opportunity - Increasing Demand for Biofuels 105
12.8 Acciona Energia, S.A. - Threats 106
12.8.1 Threat - Highly Competitive Market 106
12.8.2 Threat - Changes in Regulations and Policies 106
12.8.3 Threat - Second Generation Technology 106
12.8.4 Threat - Financial Crisis and Market Dynamics 106
12.9 Acciona Energia, S.A., Key Employees 107
12.10 Acciona Energia, S.A. - Locations and Subsidiaries 108
12.10.1 Head Office 108
12.10.2 Other Locations & Subsidiaries 108
13 Company Snapshot – Solar Millennium AG 111
13.1 Solar Millennium AG, Key Facts 111
13.2 Solar Millennium AG - Business Description 111
13.3 Solar Millennium AG, Key Employees 112
13.4 Financial Ratios - Capital Market Ratios 112
13.5 Financial Ratios - Annual Ratios 113
13.6 Solar Millennium AG - Locations and Subsidiaries 114
13.6.1 Head Office 114
13.6.2 Other Locations & Subsidiaries 114
14 Company Snapshot – NRG Energy 115
14.1 NRG Energy, Inc., Key Facts 115
14.2 NRG Energy, Inc. - Business Description 115
14.3 NRG Energy, Inc. - Major Products and Services 117
14.4 NRG Energy, Inc. - SWOT Analysis 117
14.4.1 SWOT Analysis - Overview 117
14.5 NRG Energy, Inc. - Strengths 118
14.5.1 Strength - Expanding Market Share in Sector 118
14.5.2 Strength - Strong Operating Margin 118
14.5.3 Strength - Strong Liquidity Position 118
14.5.4 Strength - Efficient Use of Resources 119
14.5.5 Strength - Diversified Assets Portfolio 119
14.5.6 Strength - Strong Domestic Market Position 119
14.6 NRG Energy, Inc. - Weaknesses 119
14.6.1 Weakness - Limited Investor Confidence 119
14.6.2 Weakness - Increasing Operational Expenses 119
14.6.3 Weakness - Sale of Subsidiary Providing Raw Material for Elec 120
14.6.4 Weakness - Lack of Integration 120
14.6.5 Weakness - Confined Control in Projects 120
14.7 NRG Energy, Inc. - Opportunities 121
14.7.1 Opportunity - Investment on Infrastructure Expansion 121
14.7.2 Opportunity - Growing Focus on Renewable Generation 121
14.7.3 Opportunity - Strategic Acquisition 121
14.7.4 Opportunity - Increasing Demand for Electricity 122
14.8 NRG Energy, Inc. - Threats 122
14.8.1 Threat - No Distribution Agreements 122
14.8.2 Threat - Fluctuation in Raw Material Prices & Fuel Supplies 122
14.8.3 Threat - Stringent Governmental Regulations 122
14.9 NRG Energy, Inc., Key Employees 123
14.10 Financial Ratios - Capital Market Ratios 125
14.11 Financial Ratios - Annual Ratios 125
14.12 NRG Energy, Inc. - Locations And Subsidiaries 126
14.12.1 Head Office 126
14.12.2 Other Locations & Subsidiaries 127
15 Company Snapshot – Areva 129
15.1 AREVA, Key Facts 129
15.2 AREVA - Business Description 129
15.2.1 Business Description - Back End 130
15.2.2 Business Description - Front End 131
15.2.3 Business Description - Reactors and Services 133
15.2.4 Business Description - Transmission and Distribution 135
15.3 AREVA - Major Products and Services 136
15.4 AREVA - SWOT Analysis 136
15.4.1 SWOT Analysis - Overview 136
15.5 AREVA - Strengths 137
15.5.1 Strength - Diversified Operations 137
15.5.2 Strength - Strong Financial Performance 137
15.5.3 Strength - Integrated Business Model 138
15.5.4 Strength - Strong Market Position 138
15.6 AREVA - Weaknesses 138
15.6.1 Weakness - Dependence on Customers 138
15.6.2 Weakness - Legal Proceedings 138
15.7 AREVA - Opportunities 139
15.7.1 Opportunity - Strategic Agreements 139
15.7.2 Opportunity - Growing Demand for Ultra High Voltage Market 139
15.7.3 Opportunity - Growing Demand for Renewable Energy 139
15.8 AREVA - Threats 140
15.8.1 Threat - Fierce Competition 140
15.8.2 Threat - Political Risk 140
15.8.3 Threat - Risk of an Industrial Breakdown 140
15.9 Financial Ratios - Capital Market Ratios 142
15.10 Financial Ratios - Annual Ratios 142
15.11 AREVA - Locations And Subsidiaries 143
15.11.1 Head Office 143
15.11.2 Other Locations & Subsidiaries 143
16 Appendix 146
16.1 Abbreviations 146
16.2 Methodology 147
16.2.1 Coverage 147
16.2.2 Secondary Research 148
16.2.3 Primary Research 148
16.2.4 Expert Panel Validation 149
16.3 Contact Us 149
16.3.1 Disclaimer 149
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LIST OF TABLES

1.1 List of Tables
Table 1: Global Carbon Emission, Million Metric Tones (Mtoe). 2001-2009 17
Table 2: Global Green Stimulus Packages By Major Countries, Amount and % Share of Total Stimulus, 2009 19
Table 3: Global Power Demand, Million Metric Tons, 2001-2030 21
Table 4: Global Solar Thermal Market, Cumulative Installed Capacity, MW, 2001-2020 25
Table 5: Global Solar Thermal Market. Power Generation, GWh, 2001-2020 27
Table 6: The US Power Market, Cumulative Installed Capacity By Fuel Type, MW, 2001-2020 30
Table 7: The US Power Market, Power Generation By All Fuel Type, GWh, 2001-2020 32
Table 8: The US Renewable Power Market, Cumulative Installed Capacity, MW, 2001-2020 35
Table 9: The US Renewable Power Markat, Power Generation, GWh, 2001-2020 37
Table 10: The US Solar Thermal Market. Cumulative Installed Capacity, MW, 2001-2020 40
Table 11: The US Solar Thermal Market, Power Generation, GWh, 2001-2020 42
Table 12: The US, State Renewables Portfolio Standards and Policy Incentives, 2009 51
Table 13: The US, Regulatory Framework for Renewable Energy for Leading States 52
Table 14: The US Solar Thermal Market, Deal Volume versus Deal Value Analysis, 2004-2009 63
Table 15: The US Solar Thermal Market, Deals By Type, % of Total Deal Volume, 2009 64
Table 16: PacifiCorp Completes 6% Bonds Offering For $650 Million 65
Table 17: FPL Group Completes Public Offering Of $160 Million 66
Table 18: BrightSource Energy Secures $150 Million In Series D Financing 68
Table 19: EMCORE Sells Stake In WorldWater & Solar Technologies To The Quercus Trust 70
Table 20: Nextreme Raises Additional $8 Million In Series B Financing Round 72
Table 21: Klickitat Public Utility District Issues 7.03% Electric System Revenue Bonds Series 2009B Due 2031 For $4.25 Million 73
Table 22: AREVA Acquires 100% Interest In Ausra 74
Table 23: First Solar Acquires Solar Thermal Project From Ausra 75
Table 24: Alternative Energy Partners Acquires Sunarias 76
Table 25: Solar Millennium Forms Joint Venture With MAN Ferrostaal 77
Table 26: Abengoa, S.A., Key Facts 79
Table 27: Abengoa, S.A., Major Products and Services 87
Table 28: Abengoa, S.A., SWOT Analysis 88
Table 29: Abengoa, S.A., Key Employees 92
Table 30: Abengoa, S.A., Ratios based on current share price 94
Table 31: Abengoa, S.A., Annual Ratios 94
Table 32: Abengoa, S.A., Other Locations 96
Table 33: Abengoa, S.A., Subsidiaries 96
Table 34: Acciona Energia, S.A., Key Facts 99
Table 35: Acciona Energia, S.A., Major Products and Services 101
Table 36: Acciona Energia, S.A., SWOT Analysis 102
Table 37: Acciona Energia, S.A., Key Employees 107
Table 38: Acciona Energia, S.A., Other Locations 108
Table 39: Acciona Energia, S.A., Subsidiaries 109
Table 40: Solar Millennium AG, Key Facts 111
Table 41: Solar Millennium AG, Key Employees 112
Table 42: Solar Millennium AG, Ratios based on current share price 112
Table 43: Solar Millennium AG, Annual Ratios 113
Table 44: Solar Millennium AG, Subsidiaries 114
Table 45: NRG Energy, Inc., Key Facts 115
Table 46: NRG Energy, Inc., Major Products and Services 117
Table 47: NRG Energy, Inc., SWOT Analysis 118
Table 48: NRG Energy, Inc., Key Employees 123
Table 49: NRG Energy, Inc., Ratios based on current share price 125
Table 50: NRG Energy, Inc., Annual Ratios 125
Table 51: NRG Energy, Inc., Subsidiaries 127
Table 52: AREVA, Key Facts 129
Table 53: AREVA, Major Products and Services 136
Table 54: AREVA, SWOT Analysis 137
Table 55: AREVA, Key Employees 141
Table 56: AREVA, Ratios based on current share price 142
Table 57: AREVA, Annual Ratios 142
Table 58: AREVA, Other Locations 143
Table 59: AREVA, Subsidiaries 144
Table 60: List of Abbreviations 146
LIST OF FIGURES

1.2 List of Figures
Figure 1: Global Solar Thermal Market, Growth Momentum to Accelerate 14
Figure 2: Global Carbon Emission, Million Metric Tones (Mtoe). 2001-2009 17
Figure 3: Global Green Stimulus Packages By Major Countries, Amount and % Share of Total Stimulus, 2009 19
Figure 4: Global Power Demand, Million Metric Tons, 2001-2030 20
Figure 5: Global Solar Thermal Market, Cumulative Installed Capacity, MW, 2001-2020 24
Figure 6: Global Solar Thermal Market. Power Generation, GWh, 2001-2020 26
Figure 7: The US Power Market, Cumulative Installed Capacity By Fuel Type, MW, 2001-2020 29
Figure 8: The US Power Market, Power Generation By All Fuel Type, GWh, 2001-2020 31
Figure 9: The US Renewable Power Market, Cumulative Installed Capacity, MW, 2001-2020 34
Figure 10: The US Renewable Power Markat, Power Generation, GWh, 2001-2020 36
Figure 11: The US Solar Thermal Market. Cumulative Installed Capacity, MW, 2001-2020 39
Figure 12: The US Solar Thermal Market, Power Generation, GWh, 2001-2020 41
Figure 13: The US Renewable Energy Market, Regulatory Framework, Federal Financial Incentives 44
Figure 14: The US Solar Thermal Market, Deal Volume versus Deal Value Analysis, 2004-2009 62
Figure 15: The US Solar Thermal Market, Deals By Type, % of Total Deal Volume, 2009 64
Figure 16: GlobalData Methodology 147
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