Uncertainty looms for renewable energy

The renewable energy industry is at a tipping point as developed markets start to close the door on generous subsidy programs and emerging markets develop cost strategies to compete with fossil fuels, according to research from Ernst & Young.

The research provides scores for 40 countries for national renewable energy markets, renewable energy infrastructures and their suitability for individual technologies. During Q3 2012, China remained at the top, but dropped a point as its solar sector continued the consolidation process in an effort to boost domestic installation and rationalize government support, which could slow growth in the more immediate term.

The quarter also saw the U.S. drop 1.5 points, resulting in Germany moving up into second place ahead of the U.S. While the German government has recently increased the country's renewable energy target for electricity to 40 percent by 2020 and is proactively implementing policy measures to create sustainable growth, the downgraded score reflects the more immediate changes around possible subsidy caps for solar, wind and biomass.

Comments (0)

This post does not have any comments. Be the first to leave a comment below.


Post A Comment

You must be logged in before you can post a comment. Login now.

Featured Product

MORNINGSTAR - TriStar MPPT 600V

MORNINGSTAR - TriStar MPPT 600V

Morningstar's TriStar MPPT 600V charge controller leverages Morningstar's innovative TrakStar™ MPPT technology and our 20+ years of power electronics engineering excellence, to enable the widest input operating voltage range available from a solar array, wind turbine or hydro input. This controller's standard and DB versions are for off-grid applications, and the TR versions were developed to enable retrofitting grid-tied systems with battery backup.