Solar Thermal Energy – cheaper & easier than Photovoltaics

Solar thermal energy, which is the oldest way of tapping power from the sun, has been used for years in heating applications for households. Although its counterpart solar photovoltaic seems to be getting more attraction, according to European Solar Thermal Industry Federation (ESTIF),  solar thermal energy industry in Europe has grown over 60% in 2008.

In a recent interview broadcasted by RenewableEnergyWorld.Com,  Olivier Drücke, president of ESTIF, mentions that the solar thermal potential in Europe can meet 15% of heating and cooling demand in 2030 and up to 50% in 2050. That is particularly significant given that heating and cooling demand represents 50% of the final energy consumption in Europe (with the remaining 20% for electricity generation and 30% for transportation). (more…)