in News Departments > New & Noteworthy
print the content item

Global investment in renewable energy could reach $750 billion within the next 10 years, according to the latest Ernst & Young Renewable Energy Country Attractiveness Index, which tracks and scores investment in renewable energy.

Demand for renewable energy is growing at unprecedented rates, driven by competing government incentives, the company says. In 2006, investment reached $100 billion. The report shows that the U.S. continues to be the global leader in this sector - a position it has held since last autumn.

Furthermore, the U.S. holds the number-one position on the long-term and near-term wind indexes for the second quarter.

"The U.S. tops the near-term index as forecast installations for the next two years are greater here than any other market in the world," the report notes, "and wind turbine supply issues are affecting fewer projects due to domestic manufacturing capabilities and the inherent attractiveness to manufacturers of large onshore wind projects with low planning risk."



Advertisement

Trachte_id2056
Latest Top Stories

Slow Turning: What's Stopping Individual Blade Pitch Control From Wider Acceptance?

Advances have made it feasible for wind turbine blades to adjust individually. However, other factors are preventing the technology's widespread use.


Deepwater Hits Financial Close For Block Island Wind Farm, Expects Summer Construction

The Providence, R.I.-based offshore wind developer becomes the first to financially close on a U.S.-based offshore wind project.


More Investors Entering Tax Equity Market; Returns Holding Steady

The entry of new tax equity investors to the wind space last year re-ignited an old debate.


Report: Top 10 Turbine OEMs Had Record Year In 2014

Preliminary findings suggest Vestas reigned supreme again among the world's leading wind turbine makers. How did some of the other OEMs fare?


AWEA's Gramlich To FERC: Additional Transmission Needed Regardless Of Clean Power Plan

To further build a more balanced and reliable electricity portfolio, the U.S. needs to build more transmission capacity.

Hybrid Energy Innovations 2015