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United States Renewables Report Q1 2014

United States renewables market set to increase further as a result of government subsidies and state level renewable energy targets


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2014-01-09 09:08:02 - United States Renewables Report Q1 2014 - a new market research report on companiesandmarkets.com

We have upwardly revised the solar and biomass components of our non-hydro renewables forecasts this quarter, in light of stronger than expected installation rates for solar and a revision to historic data for biomass generation. We have left the geothermal and wind power forecasts unchanged as our fundamental assumptions with regards to these markets remain in place, with the geothermal industry losing momentum and an expected slowdown in wind capacity additions occurring after the last minute rush to get projects online before subsidies expired at the end of 2012. That said, we do believe that sentiment towards the US renewables market has improved markedly over 2013, as the US government appears to have strengthened its commitment to its green energy

 

 

policy.

The sheer size of the US´ renewables industry is undeniable, both in terms of installed capacity and generation. A high level of investment, encouraged by government subsidies and state level renewable energy targets, has enabled the sector to expand rapidly over the past decade, driving the country to become a global renewables powerhouse.

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