Assessment of mid-term growth assumptions and learning rates for comparative studies of CSP and hybrid PV-battery power plants

The main objective of this research is to present a solid foundation of capex projections for the major solar energy technologies until the year 2030 for further analyses. The experience curve approach has been chosen for this capex assessment, which requires a good understanding of the projected total global installed capacities of the major solar energy technologies and the respective learning rates. A literature survey has been conducted for CSP tower, CSP trough, PV and Li-ion battery. Based on the literature survey a base case has been defined for all technologies and low growth and high growth cases for further sensitivity analyses. All results are shown in detail in the paper and a comparison to the expectation of a potentially major investor in all of these technologies confirmed the derived capex projections in this paper.