The Role of Public Finance in CSP: How Spain created a world-leading industry then shattered investor confidence

Spanish policy prompted CSP deployment, drove innovation, and created a world-leading industry. We find that Spanish financial incentives for renewable energy – namely, the Feed-in Tariff and Feed-in Premium – were very successful in driving CSP installations. Spain deployed 2.3 GW of CSP plants in less than five years, with an average of 300MW financed every year between 2006 and 2012.