DUBLIN, October 25, 2016 /PRNewswire/ --
Research and Markets has announced the addition of the "Global Renewable Energy Investment Market 2016-2020" report to their offering.
The report forecasts the global renewable energy investment market to grow at a CAGR of 5.85% during the period 2016-2020.
Spending on utility-scale renewable energy projects will be a key trend for market growth. The renewable energy projects that are more than 10 MW are said to be utility-scale renewable energy projects that benefit from state and local policies and programs. The state and local policies and programs address the potential barriers by implementing correct measures. The utility-scale renewable energy projects are considered to be highly individualized energy projects wherein the most effective states have coupled renewable portfolio standards with financial mechanisms such as tax benefits and clean energy fund grants. This helps in encouraging and supporting the development of large-scale projects within their borders.
According to the report, high solar energy investments will be a key driver for market growth. The investments in the solar and wind energy are increasing considerably. If we look at the US market, the Solar Investment Tax Credit (ITC) has provided industry stability and growth since 2006 where it has experienced a CAGR of 60% approximately. On the other hand, there has been a drop in the cost of installation of the solar power plant by more than 70%. This has led to the expansion of new markets that has increased the deployment of multiple systems. The adoption of renewable energy resources is increasing in Saudi Arabia, Qatar, Bahrain, Egypt, Algeria, Morocco, Libya, Jordan, Syria, Iraq, the UAE, and Kuwait, resulting in improved employment opportunities worldwide.
Further, the report states that uncertainties over investment outcome will be a challenge for the market.
- Goldman Sachs
- GE Energy Financial Services
- Center Bridge Partners
Key Topics Covered:
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Geographical segmentation
PART 07: Market drivers
PART 08: Impact of drivers
PART 09: Market challenges
PART 10: Impact of drivers and challenges
PART 11: Market trends
PART 12: Vendor landscape
PART 13: Key investors profile
PART 14: Appendix
For more information about this report visit http://www.researchandmarkets.com/research/2lr4mj/global_renewable
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SOURCE Research and Markets