Alternative thinking 2013
Renewable energy under the microscope
Renewables are becoming less and less alternative and more and more mainstream. This process still has a long way to go, but the signs are unmistakable. Renewable energy, for instance, made up nearly half of new electricity capacity in 2011, did the same (at least in the US) in 2012, and continues to show growth in all end-use sectors.
But global investment is showing a decline, in part an effect of ongoing austerity measures in various European Union countries and other struggles in sluggish economies around the world, still reeling from the recent global financial crisis. The ongoing sequester in the US, for instance, is not good for renewable energy companies, their shareholders or their stakeholders. These conditions, however, are similarly detrimental to other sectors and are simply one of the key macro challenges of the day.
We will get through it.
The objective of this paper, meanwhile, is to identify for developers, investors and policy-makers a few of the more important current trends and opportunities in renewable energy, point out where significant barriers to progress lie, and suggest strategies for dealing with them.
The idea is to help you and your organisation think through what you need to do to take best advantage of current conditions, wherever in the world you are located. In addition to the range of sources cited throughout the document, the paper also incorporates the insight and experience of Deloitte renewable energy professionals from around the world.
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