Renewable Energy (Industrial Report) - UK - December 2014
“Despite the renewable energy market growing rapidly in recent years, investor confidence has started to decline. This is largely due to frequent government policy changes and the lack of a clear, long-term energy policy, making the renewables sector increasingly fragile. Although the deployment of renewable energy is set for sustained growth over the coming years, there are uncertainties regarding the future technology mix, which is exacerbated by potential policy changes following next year’s general election. Nonetheless, the strongest growth potential for renewable energy deployment is expected to be in the offshore wind and solar power sectors.”
– Claudia Preedy - Industrial Analyst
This report addresses the following key questions concerning the UK renewable energy market:
- How do government policies shape the development of the renewable energy market?
- What is the product mix of renewable energy deployment?
- What are the public’s attitudes towards renewable energy?
- How have key players involved in the renewable energy sector performed in recent years?
- What are the prospects for renewable energy deployment over the next five years?
The terms of reference for this report concern the UK renewable energy market. This covers:
- Biogas from anaerobic digestion
- Hydro electric
- Tidal power
- Wind power
- PV cells
- Landfill gas
- Sewage gas
- Wave power
Interest in renewable energy in the UK has increased in recent years due to new UK and EU targets for reductions in carbon emissions, the promotion of renewable electricity power generation through commercial incentives such as the Renewable Obligation Certificate scheme (ROCs) and FITs, and the promotion of renewable heat through the Renewable Heat Incentive. Historically, hydroelectric schemes were the largest producers of renewable electricity in the UK, but have now been surpassed by wind power schemes, for which the UK has large potential resources.
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