Analysis of Concentrated Solar Power Potential in the Photovoltaic Competitive Landscape

Concentrated Solar Power (CSP) technology offers significant potential for stable and dispatchable renewable electricity generation through integration with thermal energy storage. However, adoption remains limited due to high capital costs, technical complexity, and market competition from photovoltaic (PV) systems. This review systematically synthesises recent literature on CSP and applies a hybrid SWOT–Analytic Hierarchy Process (AHP) methodology to quantitatively evaluate key internal and external factors influencing CSP deployment. The analysis identifies major strengths such as high-capacity factors and grid stability enabled by thermal storage, as well as weaknesses including high initial investment and site requirements. Opportunities stem from technological innovation, supportive policy frameworks, and potential for local job creation, while threats include rapid cost reductions in PV systems, water scarcity, and market and regulatory uncertainties. The integrated SWOT–AHP approach provides a robust decision-making framework and strategic insights for stakeholders seeking to promote CSP technology in diverse market contexts. The findings underscore the importance of tailored policy support and targeted investment to overcome barriers and realise CSP’s full potential within the renewable energy landscape.