Renewable Energy Policy FiT Analysis to 2020: Solar Technology to Grow at Fastest Rate

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Aug 04, 2016, 22:00 ET

PUNE, India, August 5, 2016 /PRNewswire/ --

The renewable energy policy FiT analysis report identifies and assesses the key countries that are involved in the renewable energy technologies adoption and gives ideas regarding the most promising technologies in the near future with Feed-in Tariff rates applicable for different renewable technologies in various countries.

Complete report on renewable energy policy FiT analysis across 178 pages, profiling 15 companies and supported with 35 tables and 27 figures is now available at http://www.reportsnreports.com/reports/645432-renewable-energy-policy-fit-analysis-by-technology-solar-wind-geothermal-and-bio-energy-by-tariff-period-5-10-13-15-20-and-25-years-by-system-size-1-kw-to-15-mw-and-by-key-country-installed-capacity-and-targets-to-2020.html .

Countries worldwide are planning to promote renewable energy in one way or the other in order to reduce dependency on fossil fuels. Hence, mandatory renewable energy targets are being laid down by the governments to ensure that the power producers produce certain proportions of the total electricity generation from renewable energy sources. For instance, the EU and the U.S. have set a base line renewable energy target of 20% by 2020. As of 2015, 164 countries around the world have adopted at least one type of renewable energy target. In order to meet these targets and also to increase the adoption of renewable energy technologies, governments have framed policies and are providing incentives, such as feed-in tariff.

In terms of renewable energy installation, by technology, wind is the most widely used renewable energy source, followed by solar, bio energy, and geothermal. However, in terms of adoption rate, solar is being widely adopted and deems to be a promising technology in the near future. China alone added approximately 15, 150 MW of capacity to its solar energy in 2015. Moreover, in 2015, China surpassed Germany to become the largest installer of solar Photovoltaic (PV). The country aims to reach a renewable energy target of around 100 GW of solar PV capacity by 2020. In 2015, the largest capacity addition of geothermal and bio energy technology was observed in the U.S. and Brazil respectively.

Feed-in tariff is a performance-based incentive, promoting rapid deployment of renewable energy technologies. Well-designed feed-in tariff policies can positively impact job creations and economic growth. These policies are successful world over, especially in the European countries. Feed-in tariff policies can be implemented to support all renewable technologies including wind (onshore and offshore), solar (PV and thermal), geothermal, bio energy (biogas and biomass), fuel cells, and tidal & wave power. Feed-in tariffs are generally awarded as long-term contracts set over a period of 10 years to 20 years. Currently, there are seven U.S. states such as California and Washington that mandate feed-in tariffs.

Some of the leading organizations present in the renewable energy value chain includes Ministry of Environment, Energy and the Sea (France), Ministry of New and Renewable Energy (India), Ontario Power Authority (Canada), Office of Gas & Electricity Markets, U.K. Government (U.K.), Ministry of Economy, Trade and Industry (Japan), Dominion Virginia Power (U.S.), Tennessee Valley Authority (U.S.), Los Angeles Department of Water & Power (U.S.), Orcas Power & Light (U.S.), Green Mountain Power (U.S.), and Eugene Water & Electric Board (U.S.), among others. Order a copy of Renewable Energy Policy FiT Analysis by Technology (Solar, Wind, Geothermal and Bio Energy), by Tariff Period (5, 10, 13, 15, 20, and 25 years), by System Size (1 kW to 15 MW), and by Key Country - Installed Capacity and Targets to 2020 research report http://www.reportsnreports.com/purchase.aspx?name=645432 .

In the process of determining and verifying, the renewable energy value chain for several segments and sub segments gathered through secondary research, extensive primary interviews were conducted with key people. In Tier 1 (42%), Tier 2 (32%) and Tier 3 (26%) companies were contacted for primary interviews. The interviews were conducted with various key people such as C Level (32%), Director Level (26%) and Engineer Level (42%) from various key organizations operating in the global market. The primary interviews were conducted worldwide covering regions such as The Americas (13%), Europe (15%), Asia-Pacific (48%) and Rest of World (24%).

On a related note, another research on Energy Harvesting System Market Global Forecast to 2022 says, the market is expected to grow at a CAGR of 19.6% during the forecast period between 2016 and 2022. Building & home automation expected to hold the largest market share during the forecast period. The Americas expected to hold the largest market share during the forecast period. The market is segmented on the basis of application into building & home automation, consumer electronics, industrial, transportation, and security. Companies like ABB Limited, Arveni, Convergence Wireless, Cymbet Corporation, EnOcean GmbH, Fujitsu Limited, GreenPeak Technologies B.V., Honeywell International Inc., Microchip Technology Inc., STMicroelectronics N.V. and Texas Instrument Incorporated have been profiled in this 179 pages research report available at http://www.reportsnreports.com/reports/184827-energy-harvesting-market-forecast-2017-global-analysis-research.html .

Explore more reports on the energy and power market at http://www.reportsnreports.com/market-research/energy-and-power-supplies/.

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