39323
Renewable Energy Growth to Slow
Energy

Renewable Energy Growth to Slow

Clean energy growth rates will slow even as falling costs buoy renewable power technologies in the wake of last year’s climate accord committing 195 countries to reduce pollution, BMI Research said in a report. Renewable energy capacity, excluding hydropower, is expected to increase 11% this year, bringing the total global capacity to more than 830 gigawatts, according to BMI, a unit of the Fitch Group. Growth will slow to 7% between 2016 and 2025 after averaging 21% from 2006 to 2015, Bloomberg reported. “The pace of growth compared to historic levels is slowing—in part due to base-effects, but also as mature renewables markets reign in support for renewable energy and adopt more sustainable mechanisms to encourage investment,” BMI said, forecasting non-hydro renewable capacity of 1,436 GW by 2025. Governments are increasingly switching to auction systems rather than fixed feed-in tariffs to provide investment incentives, according to the report. Asian countries led by China and India are expected to attract the most new investments.

 

Short URL : http://goo.gl/v01jKf
  1. http://goo.gl/t0TAOJ
  • http://goo.gl/ufTbTY
  • http://goo.gl/Z7bbzU
  • http://goo.gl/Env7ny
  • http://goo.gl/GwdgzS

You can also read ...

US May Impose Sanctions on China for Buying Iranian Oil
The United States is prepared to impose sanctions on all...
Total to Boost Its Nigeria Output
French supermajor Total will increase Nigeria’s oil production...
Aramco Investments Aimed at Future Oil Demand
Saudi state oil giant Saudi Aramco remains committed to...
Libya’s Oil Security Concerns Increase Freight Premiums
Persistent security concerns over Libya’s oil export capacity...
Call for Expediting Electricity Joint Ventures With Armenia
Measures should be taken to expedite joint projects between...
Seoul Worries Over Condensate Supplies
South Korea is seeking a sanctions waiver from the US to...
50 NIDC Contracts for  Local Manufacturers
The National Iranian Drilling Company has commissioned...
Iran uses a pricing formula whereby gas feedstock is offered to petrochemical plants at 9 cents per cubic meter.
Although Indian investors have signaled their interest in...

Trending

Googleplus