Global Solar Updraft Tower Market: Snapshot
Although the capital investments are being discouraged due to the large area required and the high initial cost incurred in constructing a very large new structure, the solar updraft tower market is witnessing a renewed interest, especially in sunny remote areas. Since solar updraft towers technology is the only renewable energy technology that can produce electricity from low temperature heat, its demand is likely to rise significantly in the near future. Recently, a few novel projects have been proposed in several countries, such as Africa, the U.S., and Australia; however, capitalization is becoming a severe issue for market players.
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A conventional solar updraft tower has a…