The renewable energy sector has very specific business development challenges. Our renewable energy experts and business development teams will bring you an insiders high level of understanding with deep expertise, as well as a range of direct renewable energy contacts and industry networks. In short, we will bring you the knowledge and tools in the renewable energy sector to support and deliver your international business and trade development goals.
Read more about the renewable energy sector:
Across the globe, renewable energy* policies are increasingly important, with 118 countries (of which at least half are in the developing world) in 2011 having defined renewable energy policies compared to only 55 in 20053. The renewable energy sector, a younger and ambitious alternative to conventional energy sources, now represents approximately one third of the global power capacity. (Hydropower – 16%, other renewables – 3%, nuclear- 13%)3. According to the latest trends, it is expected to increase rapidly within the next few years1.
Renewable energy is taking the lead in the energy sector; receiving higher investments in new capacity building ($211 billion in 2010, up 32% from $160 billion received in 2009) compared to its rival, fossil fuels3. These investments are not restricted to the public sector, but also from development banks, notably the Word Bank Group ($1.38 billion), and those based in Europe ($2.9 billion in loans from European Investment Bank), Asia ($933 million from Asian Development Bank) and America ($1billion in loans and $9million in grants from Inter-American Development Bank). Other national and regional development agencies also offer various loans, grants, and technical assistance for renewable resources1.
Despite the economic downturn, the renewable energy sector has retained its recently won position in the market and enjoyed steady growth. Furthermore the sector was boosted by governments’ efforts to overcome the crisis while investing in the transformation of industries and job creation.
The world’s “Green stimulus”, totalling $188 billion in 2009, is still available! 50% had been spent by the end of 2010 (figures for 2011 not yet available), of this, $17.6 billion went to R&D. A substantial part of this budget is expected to be spent in 20124. These funds can be used for other renewable energy related investments, such as plant and equipment to manufacture solar modules, wind turbines and other energy generating devices1.
In order to keep pace with developments in the renewable energy sector, it is important to have access to actual, accurate and complete information and in-depth expertise. We will help you to address all important issues, including trends, key success factors, advancements and innovations, supply and demand development, operational and financial risks, benchmarking, as well as regulations and opportunities for funds and grants.
Some of the key opportunities and trends include:
Europe renewable energy→ Europe leads the renewable energy sector; new renewable energy installations represented 60% of the overall number of new energy installations. Closely behind is the United States where the figure was 50%. Emerging economies are fast catching up however with new investment projects2.
Solar PV→ Solar PV surged in 2010 with almost twice the capacity installed as in 2009 (from 23 GW in 2009 to 40GW in 2010). Solar PV capacity was added in more than 100 countries during 2010. Across most technologies, 2010 saw further growth in equipment manufacturing, sales, and installation3. For the most recent development in 2012 read our blog.
Wind energy→ Although the wind power industry saw manufacturing volumes remain constant at their 2009 levels, manufacturing capacity increased substantially during 2010. This was mainly due to the most rapidly expanding wind energy superpower China. China attracted nearly $50 billion in investment for renewable energy in 2010, making it the leader for the second year in a row.. China led the world in the installation of wind turbines and solar thermal systems and was the top hydropower producer in 2010. The country added an estimated 29 GW of grid-connected renewable capacity, for a total of 263 GW, an increase of 12% compared with 20093. Spain, Germany and India are equally within the top five countries investing in the wind energy sector. Numerous deals have been also closed in the UK and investments have considerably increased in Latin America. Wind power systems have been growing steadily, by an average of 27% annually since 20041.