Solar Thermal Technology is facing an existential threat as plunging solar panel prices have made other solar technologies fight for their future.
A number of Solar Thermal Companies closed down in 2011, and many of the CSP Power Plants have now been converted into PV panel projects. This is because the costs of building a solar panel power plant is less than half that of a solar thermal plant. You can read the advantages and disadvantages of solar thermal here.
However Solar Thermal Technology is finding a niche in Hybrid Fossil Fuel Power Plants. Here's why. . .