Focus Towards Reducing Air Pollution, Curbing Greenhouse Gas Emissions, and Decreasing Dependence on Coal and Other Fossil Fuels are Positively Influencing the Adoption of Renewable Energy Technologies
02 Aug, 2016, 12:30 BST
PUNE, India, August 2, 2016 /PRNewswire/ --
The report "Renewable Energy Policy FiT Analysis by Technology (Solar, Wind, Geothermal and Bio Energy), by Tariff Period (5, 10, 13, 15, 20, and 25 years), by System Size (1 kW to 15 MW), and by Key Country - Installed Capacity and Targets to 2020" published by MarketsandMarkets, The report provides insights related to the different renewable energy technologies such as wind, solar, geothermal, and bio energy; their capacity addition from 2011 to 2015; renewable energy targets by 2020; key projects related to major technologies; and feed-in tariff offered for each technology. The countries considered for this study include the U.S., Canada, Brazil, the U.K., Germany, France, Italy, China, India, and Japan.
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Browse 35 market data Tables and 27 Figures spread through 178 Pages and in-depth TOC on "Renewable Energy Policy FiT Analysis - Installed Capacity and Targets to 2020"
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"Wind is the most widely installed renewable energy generation technology"
In terms of renewable energy installation, by technology, wind is the most widely used renewable energy source, followed by solar, bio energy, and geothermal. China alone added approximately 30,500 MW of capacity to its wind energy program in 2015. It terms of adoption rate, solar is being widely adopted and deems to be a promising technology in the near future. In 2015, China surpassed Germany to become the largest installer of Solar Photovoltaics (PV). As of 2015, the U.S. had the largest capacity of geothermal and bio energy installation.
"North America and Europe have strict mandates for renewable energy technology adoption"
Countries in North America, especially the U.S., and some major countries in Europe, particularly the ones belonging to the EU such as Germany and France have strict mandates for renewable energy technology adoption. Meanwhile, certain countries in the Asia-Pacific region such as China, India, and Japan are also actively involved in meeting the renewable energy targets. These mandates or targets can be mainly observed in developed countries. The developing countries are also trying to cope with the developed ones by implementing renewable energy policies to reduce carbon emissions. Incentives such as feed-in tariff, tax credit, net metering, among others are provided by the government to boost renewable energy technology adoption.
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"Organizations present in the renewable energy value chain"
Some of the leading organizations present in the renewable energy value chain include Ministry of Environment, Energy and the Sea (France), Ministry of New and Renewable Energy (India), Ontario Power Authority (Canada), Office of Gas & Electricity Markets, U.K. Government (U.K.), Ministry of Economy, Trade and Industry (Japan), Dominion Virginia Power (U.S.), Tennessee Valley Authority (U.S.), Los Angeles Department of Water & Power (U.S.), Orcas Power & Light (U.S.), Green Mountain Power (U.S.), and Eugene Water & Electric Board (U.S.), among others.
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