Increasing revenues in USA from renewable energy
2010 revenues generated by renewable energy – US$60.2bn in the US, siliconrepublic.com, Carmel Doyle, 10 March 11, “…..With renewable energy projected to increase by 40.4pc between now and 2015 in the US, the report has identified that renewable energy contributed 462bn kilowatt-hours (kWh) of the total 4,030bn kWh generated by all fuel sources that included coal, petroleum, natural gas, nuclear and renewable energy in 2010.Zpryme and ICP project that 2010 revenues generated by renewable energy will be $60.2bn, which is 16.9pc of the total.
In 2015, the report asserts that projections will grow to US$87.3bn, capturing 21.8pc with a 7.7pc compound annual growth rate (CAGR) for revenues from renewable electricity generation…..
Renewable energy market projections
According to the report:
- The US renewable energy manufacturing, equipment and technology market is projected to reach US$127.5bn in 2010, and to reach US$263.2bn in 2015 with a CAGR of 15.3pc
- The photovoltaic (PV) market will continue to be dominated by crystalline silicon technology, but thin film and concentrating solar power (CSP) will continue to gain in market share
- The lion‘s share of wind energy will continue being onshore wind technology, but because offshore wind technology is making huge strides in Europe, this is perhaps spurring more interest among both corporate and government stakeholders in the US….
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