Frbiz Comments on Renewable Energy Investment Momentum

Oct 28, 2010, 10:00 ET from Frbiz.com

BEIJING, Oct. 28 /PRNewswire-Asia/ -- Frbiz reports that in spite of the global financial crisis, oil prices and climate change policy are slowly bringing a challenge. In 2009, the challenges of global renewable energy generation continued to grow; while investment is still growing, the importance of renewable energy increases day by day.

In promoting renewable energy development, developing, the governments' roles become more important. As the China market increasingly takes the lead in the world, India's existing wind power generation capacity ranks fifth, and it is rapidly expanding various forms of rural renewable energy, such as solar power and methane. Brazil's sugarcane ethanol leads the world. In addition, Argentina, Costa Rica, Egypt, Indonesia, Kenya, Tanzania, Thailand, Tunisia and Uruguay and other developing countries have renewable energy markets growing at faster paces.

Meanwhile, the renewable energy related manufacturing industry flourishes from Europe to Asia, especially in China, India and South Korea. In 2009, China's production of solar photovoltaic cells accounted 40% of the world's total, while wind turbines accounted for 30%.

The development of renewable energy cannot happen without policy support. Since the new century, more and more countries and local governments have launched related support policies; many countries set a renewable energy use national goal, such as 10%-50% of electric power must come from renewable energy by 2020, while, the proportion for. China's goal is 15% will come from renewable energy by 2020.

Investment remains strong

The public sector, venture capitalists and development banks have greatly promoted industry development. Without including large hydropower projects, 2009 global renewable energy investment was about 150 billion U.S. dollars, and also broke 150 billion U.S. dollars in 2008. In 2009, global wind power investment reached 62.7 billion U.S. dollars. Most of the wind investment growth is caused by China's rapidly expanding industry; plus Latin America's wind power industry has increased investment activities.

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