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December 2007

Alternative energy

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Alternative energy

 

SOLAR GAIN

Despite a lack of subsidies and publicity, solar thermal technology is already starting to pay for itself, finds Elisabeth Jeffries.

As a more mature industry than solar PV, solar thermal stands a good chance of competing sooner with conventional sources without incentives or subsidies. According to Raffaele Piria of the European solar thermal organisation ESTIF, most systems would pay themselves back within a maximum of 20-25 years without support whereas solar PV, which currently benefits from stronger policy support, might take over a century. In Greece, he points out, despite waning political help in the last decade and steadily reduced incentives, enough critical mass has gathered in the industry locally to allow it to run on quite low subsidies. "Even if any policy support were to stop, it would survive."


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Related Stories:

  1. The Sky’s The Limit

    With CNBC’s support, the Zayed Future Energy Prize is giving land, sea and air-based technology a much-needed boost

    Go to Article »

  2. Google Reaches For The Skies

    Our round-up of global business trends looks at India's biggest ever sporting event, plus alternative energy and smartphones

    Go to Article »

  3. Next Big Things - September 2010

    Innovations: green tea on tap, democratising the investment process and algae-based jet fuel

    Go to Article »

  4. Europe’s 25 Most Creative Companies

    Europe’s 23 million entrepreneurs, start-ups and SMEs will be the driving force behind the region’s economic recovery. But it’s not just...

    Go to Article »




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