Sustainability Report - Bank Sarasin-Alpen

Solar Energy 2005
sales of highly efficient solar collectors in the top price segment. 13 These products
are particular attractive to the Turkish tourist industry.
USA
Rising oil & gas prices, and a
new Energy Bill
In the USA, solar collectors (mainly unglazed black tube systems) have been
used exclusively to heat swimming pools. But now soaring oil and gas prices are
kindling interest in combined hot water and heating systems powered by solar
energy. This considerably shortens the payback period. In addition, many federal
states have created incentive programmes for solar systems (both PV and solar
heating). The recently passed national Energy Bill proposes tax credits for the
installation of solar systems and explicitly includes solar heating systems as well.
Our forecasts of newly installed capacity for the US market are 120 MW th for
2005 and 157 MW th for 2006.
Market trends in Europe
2001 records beaten
13% growth in
installed solar collector
capacity in 2004
In 2004 Europe’s solar heating market more than made up the ground it lost in
the past two years, and the 1,130 MW th newly installed solar collector capacity
was more than in the record year of 2001 (1,030 MW th ). This was despite uncertainties
about subsidisation conditions in the most important market, Germany,
and increasing competition from photovoltaics in private household installations.
According to figures published by ESTIF 14 in June 2005 for Europe 15 , newly installed
collector capacity in 2004 rose 13% to 1,120 MW th (1.60 million m 2 ). This
year we predict 17% growth to 1,311 MW th . We expect growth to average 13% in
both the coming years (see Fig. 21).
Fig. 21: Trends for solar collectors in Europe (EU 25, CH and Norway).
Sarasin estimates for 2005 to 2007: 1311, 1488 and 1687 MW th
In operation (left scale) New ly installed (right scale)
In operation [GWth]
18
16
14
12
10
8
6
4
2
1'800
1'600
1'400
1'200
1'000
800
600
400
200
Newly installed [MWth/a]
0
0
1987
1988
1989
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
Source: ESTIF, June 2005; W.B. Koldehoff, October 2005 and own estimates
75% of collectors installed
in Germany, Greece and Austria
In Europe, sales of solar collectors are still concentrated in three countries: Germany,
Greece and Austria (see Fig. 22). 75% of new capacity is installed in
these nations. As far as the other countries are concerned, the main trends were
13
14
15
Turkey Special, pages 42 – 50, Sun & Wind Energy 2/2005
ESTIF: European Solar Thermal Industry Federation, www.estif.org; Trends and Market Statistics 2004,
June 2005
EU 25 incl. Switzerland and Norway, excl. Luxembourg
Dezember 2005 38