Still, countries with high direct normal irradiance (DRI) like Australia, Thailand, and Malaysia can expect CSP to be a competitive source of power by 2020. This will only be possible with long term funding for research and development, along with the introduction of more support schemes.
The drastic fall in panel prices have also led to heavy losses for several original equipment manufacturers. To avoid bankruptcy, module producers are looking to merge with polysilicon companies or diversify into the upstream or downstream segment of the value chain.
"Focus on better efficiency and productivity is crucial for module producers' market sustenance, since several low-cost Chinese products are expected to flood the Asia-Pacific market," concluded Krishnan. "Supply chain participants must develop new technologies that integrate large PVs into flexible and efficient grids to enable these systems to mature into the mainstream."
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