Forecast Period
|
2024-2028
|
Market Size (2022)
|
USD 40.08 Billion
|
CAGR (2023-2028)
|
15.19%
|
Fastest Growing Segment
|
Utility
|
Largest Market
|
Asia
Pacific
|
Market Overview
Global Green Power Market was valued at USD 40.08
billion in 2022 and is anticipated to project robust growth in the forecast
period with a CAGR of 15.19% through 2028. The Green Power market,
also known as the renewable energy market, refers to the sector of the energy
industry dedicated to the production, distribution, and utilization of
electricity generated from environmentally sustainable and low-carbon sources.
It represents a fundamental shift away from traditional fossil fuels, such as
coal, oil, and natural gas, towards cleaner and more sustainable alternatives.
Key sources of green power
include solar photovoltaic (PV), wind, hydroelectric, geothermal, and biomass
energy. These sources harness natural processes to generate electricity with
minimal or zero greenhouse gas emissions, making them essential components of
global efforts to combat climate change and reduce environmental impact.
The Green Power market
encompasses a wide range of activities, including the development of renewable
energy infrastructure, research and innovation in energy technologies,
government policies and incentives, and the integration of renewable sources
into existing energy grids. It also involves promoting energy efficiency and
sustainability practices to minimize energy consumption and reduce the overall
carbon footprint.
The growth of the Green
Power market is driven by increasing environmental awareness, government
initiatives, technological advancements, and the pursuit of energy security,
economic opportunities, and job creation. It plays a pivotal role in the global
transition towards a more sustainable and environmentally responsible energy
system.
Key Market Drivers
Environmental Concerns and
Climate Change Mitigation
The global green power
market is experiencing substantial growth due to increasing environmental
concerns and the urgent need to mitigate climate change. As the world grapples
with the alarming consequences of greenhouse gas emissions, there is a growing
consensus on the importance of transitioning to cleaner and more sustainable
sources of energy. This driver is fueled by a heightened awareness of the
detrimental effects of fossil fuels on the environment, including air and water
pollution, deforestation, and habitat destruction.
One of the key drivers
within this category is the commitment of countries worldwide to reduce their
carbon emissions. The Paris Agreement, signed by nearly 200 nations, set
ambitious targets for reducing greenhouse gas emissions, providing a clear
mandate for the adoption of green power technologies. To meet these targets,
governments are implementing policies and incentives to promote the development
and deployment of renewable energy sources such as wind, solar, and
hydroelectric power. This has created a conducive environment for investment in
green power projects.
Additionally, consumers are
becoming more environmentally conscious, driving demand for green energy
solutions. Many individuals and businesses are willing to pay a premium for
electricity generated from renewable sources, further encouraging the growth of
the green power market. This shift in consumer behavior is prompting energy
companies to invest in renewable energy infrastructure to meet this rising
demand.
Technological Advancements
and Cost Reduction
The global green power
market is thriving due to continuous technological advancements and significant
cost reductions in renewable energy technologies. Over the past few decades,
there has been remarkable progress in the efficiency and affordability of green
power solutions, making them increasingly competitive with conventional fossil
fuels.
Solar photovoltaic (PV)
panels, for example, have experienced dramatic cost reductions, making solar
energy one of the most cost-effective sources of electricity generation in many
regions. Similarly, advancements in wind turbine design and energy storage
technologies have made wind power more efficient and reliable. These
technological improvements have significantly enhanced the feasibility and
scalability of green power projects, attracting both public and private sector
investments.
In addition to cost
reductions, innovations in energy storage systems have played a crucial role in
driving the adoption of green power. Energy storage allows for the integration
of intermittent renewable sources, such as solar and wind, into the grid, making
the supply of green energy more reliable and stable. Advancements in battery
technology, including increased energy density and longer lifespans, have made
energy storage systems more economically viable, enabling the integration of
green power on a larger scale.
As technology continues to
advance, it is expected that green power will become even more accessible and
cost-competitive, further accelerating its global adoption.
Government Policies and
Incentives
Government policies and
incentives play a pivotal role in driving the global green power market. Many
countries have implemented a range of measures to support the growth of
renewable energy sources and create a favorable environment for investments in
green power projects.
One of the most significant
policy drivers is the establishment of renewable energy targets and mandates.
Governments set specific goals for the percentage of energy that must come from
renewable sources by a certain date. These targets create a clear market signal
for renewable energy developers and investors, encouraging them to invest in
green power infrastructure to meet these requirements.
Feed-in tariffs and power
purchase agreements (PPAs) are another critical aspect of government support.
Feed-in tariffs guarantee a fixed price for electricity generated from
renewable sources, often higher than the market price, providing a steady income
stream for renewable energy project developers. PPAs involve long-term
contracts between renewable energy generators and utilities, ensuring a market
for green power production and revenue stability.
Furthermore, governments
offer tax incentives, grants, and subsidies to reduce the upfront costs of
green power projects. These financial incentives make it more attractive for
investors to participate in the green power market, as they can expect a faster
return on their investments.
Countries worldwide are
also increasingly implementing carbon pricing mechanisms, such as carbon taxes
or cap-and-trade systems. These policies create economic incentives for
reducing carbon emissions and favor the adoption of low-carbon and green power technologies.
In conclusion, government
policies and incentives are instrumental in promoting the growth of the global
green power market, as they provide regulatory and financial support to
renewable energy projects and create a favorable investment climate for stakeholders.
Energy Security and
Diversification
Energy security and the
need for energy diversification are significant drivers behind the global green
power market's expansion. Traditional energy sources, such as coal, oil, and
natural gas, are often subject to geopolitical conflicts, supply disruptions,
and price volatility. As a result, countries are increasingly seeking to reduce
their dependence on fossil fuels and enhance their energy security by
diversifying their energy mix with green power sources.
The volatility in fossil
fuel prices, as demonstrated by historical oil price shocks, has underscored
the economic vulnerability associated with heavy reliance on non-renewable
resources. Green power, on the other hand, offers a more stable and predictable
source of energy, as sunlight, wind, and water resources are generally abundant
and free. This reduces a nation's exposure to the fluctuations of global energy
markets and helps stabilize energy prices for consumers.
Moreover, energy
diversification is crucial for countries looking to reduce their vulnerability
to supply disruptions. Relying on a single energy source or a limited number of
suppliers can leave a nation vulnerable to disruptions caused by geopolitical tensions
or natural disasters. By investing in green power sources distributed across
their territories, countries can enhance their energy resilience and ensure a
reliable energy supply.
Energy security concerns
have prompted many governments to implement policies that promote the
development of green power infrastructure, including renewable energy
generation and energy storage projects. These policies aim to reduce dependence
on fossil fuel imports and create a more resilient energy infrastructure
capable of withstanding various challenges.
Economic Opportunities and
Job Creation
The global green power
market is being driven by the significant economic opportunities it offers,
including job creation and local economic development. As the transition to
renewable energy accelerates, it is generating a multitude of jobs across various
sectors, from manufacturing and construction to research and development.
The renewable energy sector
has become a substantial source of employment in many countries. Solar and wind
farms require a skilled workforce for installation, maintenance, and operation.
Manufacturing facilities for solar panels, wind turbines, and energy storage
systems employ thousands of workers. Additionally, the research and development
of green power technologies create high-value jobs in scientific and
engineering fields.
Furthermore, the green
power market stimulates local economic development. Investment in renewable
energy projects injects capital into communities where these projects are
located. Landowners who lease their land for wind or solar farms receive
income, and local businesses benefit from increased economic activity. Tax
revenue generated from renewable energy projects can also support essential
public services and infrastructure development.
The economic opportunities
associated with green power extend beyond job creation. Renewable energy
projects often require a supply chain of components and materials, providing
opportunities for local businesses to participate in the renewable energy value
chain. Additionally, the export of green power technologies and expertise can
become a source of economic growth for countries with advanced renewable energy
industries.
In summary, the economic
opportunities and job creation potential of the global green power market make
it an attractive option for governments and investors looking to stimulate
local economies and reduce unemployment.
Technological Innovation
and Grid Integration
Technological innovation
and the integration of green power into existing energy grids are essential
drivers of the global green power market. Advances in renewable energy
technologies are making green power sources more efficient, reliable, and
capable of meeting the demands of modern energy systems.
One key area of innovation
is the development of smart grids and grid management technologies. Smart grids
enable the seamless integration of renewable energy sources into the existing
energy infrastructure. They can balance supply and demand, manage energy
storage systems, and optimize the distribution of green power across the grid.
This enhances the stability and reliability of green power generation,
addressing one of the historic challenges of intermittent renewable sources.
Additionally, innovations
in energy storage technologies are revolutionizing the green power market.
Advanced batteries, pumped hydro storage, and other energy storage systems are
improving the ability to store excess energy generated during periods of high
renewable output and release it when demand is high or renewable generation is
low. This not only makes green power sources more reliable but also enables
them to contribute to grid stability.
Furthermore, emerging
technologies such as advanced materials for solar panels, next-generation wind
turbine designs, and breakthroughs in bioenergy and geothermal power are
expanding the range of green power options available. These innovations
increase the overall capacity and efficiency of renewable energy sources,
making them more competitive with fossil fuels.
In conclusion,
technological innovation and grid integration are vital drivers of the global
green power market, enabling the effective deployment of renewable energy
sources and their integration into modern energy systems. These advancements
are critical for meeting the increasing global demand for clean and sustainable
energy.
Government Policies are Likely to Propel the Market
Renewable Portfolio
Standards (RPS) and Renewable Energy Targets
Renewable Portfolio
Standards (RPS) and renewable energy targets are key government policies
driving the global green power market. These policies mandate that a certain
percentage of a region's electricity must come from renewable sources by a
specified date. They provide a clear and legally binding commitment to
increasing the use of green power, stimulating investment in renewable energy
projects.
RPS and renewable energy
targets vary by region, with some countries setting ambitious goals for a
complete transition to renewable energy in the coming decades. For example, the
European Union has set a target to achieve 32% renewable energy consumption by
2030, and many individual member states have even more ambitious targets.
Similarly, several U.S. states, such as California and New York, have adopted
aggressive RPS policies, driving significant growth in their green power
sectors.
These policies create a
predictable and supportive regulatory environment that encourages developers
and investors to participate in green power projects. By setting specific
benchmarks, governments send a clear signal to the market, spurring innovation and
innovation and competition among renewable energy providers. Moreover, RPS and
renewable energy targets contribute to reducing carbon emissions, enhancing
energy security, and fostering economic growth through the creation of jobs in
the renewable energy sector.
Feed-in Tariffs (FiTs) and
Power Purchase Agreements (PPAs)
Feed-in Tariffs (FiTs) and
Power Purchase Agreements (PPAs) are essential government policies that
incentivize the development of the global green power market by guaranteeing a
stable and attractive income for renewable energy generators.
FiTs involve government-set
tariffs that guarantee a fixed payment per unit of renewable energy produced.
This fixed rate is often higher than the market price for electricity, ensuring
that renewable energy developers receive a reliable and profitable return on
their investments. FiTs are particularly effective in the early stages of green
power market development, as they provide a clear financial incentive for
renewable energy projects.
PPAs, on the other hand,
involve long-term contracts between renewable energy producers and utilities or
other buyers. These contracts stipulate the price at which the utility will
purchase electricity from renewable sources over an extended period, typically
10 to 20 years. PPAs provide revenue certainty and reduce the financial risk
associated with green power projects, making them attractive to investors.
Many countries and regions
have implemented FiTs and PPAs as part of their green power market support
mechanisms. These policies not only encourage the deployment of renewable
energy infrastructure but also help stabilize the revenue streams for project developers,
facilitating access to financing and investment in the sector.
Investment Incentives,
Grants, and Subsidies
Government investment
incentives, grants, and subsidies are powerful tools for promoting the global
green power market by reducing the upfront costs and financial risks associated
with renewable energy projects.
Investment incentives, such
as tax credits or deductions, provide financial benefits to individuals or
entities that invest in green power infrastructure. These incentives can offset
a significant portion of the capital costs associated with renewable energy
projects, making them more financially attractive to investors.
Grants and subsidies, on
the other hand, provide direct financial support to renewable energy
developers. Governments allocate funds to support the development, deployment,
and research of green power technologies. These grants and subsidies can be
used to cover project development expenses, purchase equipment, or conduct
research and development activities.
These policies not only
stimulate investment in green power projects but also promote technological
innovation and job creation in the renewable energy sector. They are
particularly important in the early stages of market development when the costs
of renewable energy technologies may still be relatively high. As the green
power market matures and technology costs continue to decrease, these
incentives can be adjusted to reflect market dynamics and achieve
cost-effectiveness.
Carbon Pricing Mechanisms
Carbon pricing mechanisms,
such as carbon taxes and cap-and-trade systems, are significant government
policies that incentivize the adoption of green power technologies by imposing
costs on carbon emissions. These policies internalize the external costs of
carbon pollution, providing economic incentives for reducing greenhouse gas
emissions.
Carbon taxes involve
levying a tax on the carbon content of fossil fuels, thereby increasing their
cost and encouraging the use of cleaner alternatives. The revenue generated
from carbon taxes can be reinvested in green power initiatives or used to offset
other taxes.
Cap-and-trade systems, on
the other hand, set a cap on total carbon emissions and allocate a limited
number of emissions allowances to businesses and industries. These allowances
can be bought and sold, creating a market for carbon emissions. Companies that
reduce their emissions below their allocated allowances can sell surplus
allowances to those exceeding their limits. This system encourages emissions
reductions and provides a financial incentive for companies to invest in green
power and energy efficiency measures.
Carbon pricing mechanisms
drive the transition to green power by making fossil fuels more expensive and
renewable energy sources more attractive economically. They also generate
revenue that can be reinvested in renewable energy research, development, and
infrastructure, further supporting the growth of the green power market.
Green Procurement and
Public Sector Leadership
Green procurement policies
and public sector leadership play a crucial role in advancing the global green
power market by increasing the demand for renewable energy and setting an
example for the private sector.
Green procurement policies
require government agencies to prioritize the purchase of goods and services
that meet specific environmental criteria, including the use of renewable
energy. By procuring renewable energy for government facilities and operations,
governments demonstrate their commitment to sustainability and create a market
for green power.
Public sector leadership
goes beyond procurement and involves government entities setting ambitious
renewable energy targets for their operations. Many governments have committed
to sourcing 100% of their electricity from renewable sources, driving the development
of renewable energy infrastructure. This leadership not only reduces the carbon
footprint of government operations but also encourages private-sector
businesses to follow suit.
Moreover, public sector
investment in renewable energy projects, such as solar installations on
government buildings or wind farms on public lands, can catalyze private sector
investment by showcasing the economic and environmental benefits of green power.
By utilizing their
purchasing power and leading by example, governments can significantly
influence the growth of the global green power market and inspire other
stakeholders to embrace renewable energy solutions.
Research and Development
Funding
Government research and
development (R&D) funding is a critical policy driver for the global green
power market. By investing in research and development initiatives, governments
support the advancement of renewable energy technologies, drive innovation, and
enhance the competitiveness of green power in the energy market.
Government-funded R&D
programs can target various aspects of green power, including improving the
efficiency and cost-effectiveness of renewable energy technologies, developing
energy storage solutions, and addressing grid integration challenges. These
programs often involve collaborations between government agencies, academic
institutions, and the private sector, fostering a conducive environment for
innovation and knowledge exchange.
In addition to
technological advancements, R&D funding can also support the development of
new policy frameworks and regulatory approaches that facilitate the integration
of green power into the energy landscape. This includes research into grid management
techniques, energy storage systems, and the environmental impacts of renewable
energy projects.
By investing in R&D,
governments not only drive progress in green power technologies but also ensure
the long-term sustainability and competitiveness of the renewable energy
sector. This policy driver is essential for staying at the forefront of technological
developments and achieving continuous improvements in the green power market.
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Key Market Challenges
Intermittency and Reliability
One of the significant challenges facing the global
green power market is the inherent intermittency and variability of renewable
energy sources. Solar, wind, and other renewable resources are dependent on natural
conditions that can fluctuate unpredictably. This intermittency creates
challenges for ensuring a reliable and stable energy supply, which is essential
for meeting the demands of modern societies.
Solar power generation, for instance, is directly
tied to sunlight availability, which varies daily and seasonally. Cloud cover,
weather conditions, and the time of day all impact solar energy output.
Similarly, wind power generation depends on wind speed and consistency, which
can vary from one moment to the next. These fluctuations in renewable energy
output can strain the stability of electrical grids and necessitate backup
power sources to maintain a consistent energy supply.
Grid integration is a critical aspect of addressing
this challenge. Modernizing energy grids to accommodate intermittent renewable
sources and developing advanced grid management technologies are essential
steps in mitigating the reliability issues associated with green power. Energy
storage systems, such as batteries and pumped hydro storage, play a crucial
role in storing excess renewable energy during periods of high generation and
releasing it when demand is high or renewable generation is low.
Another solution is diversifying the renewable
energy mix. By combining various sources of green power, such as wind, solar,
and hydro, and geographically distributing them, it becomes more likely that at
least one source will be generating power at any given time, reducing the
impact of intermittency on the grid. However, this approach requires
significant investment in infrastructure and interconnection between regions.
Furthermore, addressing intermittency and
reliability challenges requires ongoing research and development efforts to
improve renewable energy forecasting, grid management techniques, and energy
storage technologies. Governments, industry stakeholders, and researchers must
collaborate to find innovative solutions to ensure the stability and
reliability of green power systems.
High Initial Capital Costs and Financing
Another significant challenge facing the global
green power market is the high initial capital costs associated with renewable
energy projects and the availability of financing to fund these projects. While
the operational and maintenance costs of renewable energy systems are generally
low, the upfront investment required for their development can be substantial,
deterring some potential investors and developers.
The costs associated with renewable energy projects
include the purchase and installation of equipment (such as solar panels or
wind turbines), land acquisition, permitting, grid connection, and other
infrastructure investments. These initial capital costs can be a barrier,
particularly for small and medium-sized enterprises (SMEs), which may have
limited access to financing.
Financing renewable energy projects often requires
long-term investments, and the financial community may perceive them as riskier
than traditional energy projects due to factors like technological uncertainty,
regulatory changes, and project development timelines. This can result in
higher financing costs or difficulties in securing loans or investment.
Government policies, such as feed-in tariffs, power
purchase agreements, and tax incentives, have been instrumental in attracting
investment in the green power market by mitigating some of these financial
challenges. These policies provide revenue certainty, reduce the perceived
risk, and enhance the attractiveness of renewable energy projects to investors.
Additionally, green bonds and other innovative
financial mechanisms are emerging to provide funding for renewable energy
projects. These financial instruments are designed to raise capital
specifically for green initiatives and offer a means for investors to support
sustainable projects while generating returns.
Collaboration between public and private sectors is
essential to address this challenge. Governments can create supportive policy
frameworks and provide targeted incentives to reduce the financial burden on
renewable energy projects. Financial institutions and investors, in turn, can
develop innovative financing models and investment strategies that align with
the long-term goals of the green power market.
In conclusion, while the green power market holds
immense potential for a sustainable and clean energy future, overcoming the
challenges of intermittency and high initial capital costs requires concerted
efforts from governments, industry stakeholders, and the financial community to
ensure its continued growth and success.
Segmental Insights
Hydropower Insights
The Hydropower segment held the largest market
share in 2022 & expected to maintain it in the forecast period. Hydropower
is one of the oldest and most established forms of renewable energy generation.
Many countries have extensive hydropower infrastructure in place, including
dams, turbines, and power plants. This maturity gives hydropower a competitive
advantage as it has a well-developed supply chain and experienced workforce. Reliability and Baseload Power: Hydropower is
highly reliable and can provide consistent baseload power, unlike some other
renewable sources like wind and solar, which are intermittent. Baseload power
is the minimum level of electricity demand that must be met continuously. This
makes hydropower an essential component of a stable and secure electricity
grid. Scalability: Hydropower projects can be scaled up or down to match
electricity demand. Large dams and hydroelectric plants can provide significant
capacity, while smaller run-of-river or micro-hydropower installations are
suitable for more localized needs. This scalability makes hydropower adaptable
to a wide range of energy requirements. Many hydropower facilities have
built-in energy storage capabilities. They can store water in reservoirs during
periods of low demand and release it to generate electricity during peak
demand, acting as a natural form of energy storage. Pumped hydro storage, a
specific type of hydropower, is used for grid-scale energy storage, enhancing
grid stability. Hydropower infrastructure has a long lifespan, often exceeding
50 years or more with proper maintenance. This longevity reduces the need for
frequent replacements and ensures a consistent and reliable source of green
power. Hydropower produces very low greenhouse gas emissions during operation,
contributing to climate change mitigation efforts. It is considered a clean and
sustainable energy source in terms of its environmental impact compared to
fossil fuels. Large hydropower projects can stimulate economic development in
regions where they are located. They create jobs during construction and
operation, provide revenue through energy sales, and may support tourism and
recreational activities around reservoirs. Many governments have historically
supported hydropower development through favorable policies, incentives, and
subsidies, further promoting its dominance in the green power market.
Utility Insights
The Utility segment held the largest market share
in 2022 and is projected to experience rapid growth during the forecast period.
Utilities are typically responsible for generating and distributing electricity
on a large scale, serving a vast customer base. As such, they have the capacity
to invest in and operate large renewable energy projects, such as wind farms
and solar power plants. These utility-scale projects can generate significant
amounts of green power, making utilities pivotal players in the market. In many regions, governments have implemented
regulatory mandates that require utilities to increase the share of renewable
energy in their energy portfolios. These mandates are often part of broader
efforts to combat climate change and reduce greenhouse gas emissions. To comply
with these regulations, utilities are incentivized to invest in green power
generation. Utilities benefit from economies of scale when it comes to
renewable energy generation. Building and operating large renewable energy
facilities can be more cost-effective per unit of electricity produced compared
to smaller-scale installations. This cost efficiency allows utilities to
provide green power to customers at competitive rates. Utilities own and manage
the electricity grid, giving them the ability to seamlessly integrate renewable
energy into the existing infrastructure. This is crucial because many renewable
sources, such as wind and solar, are intermittent. Utilities have the expertise
and resources to manage grid stability and balance electricity supply and
demand effectively. Utilities typically have greater access to financing
options, including capital markets and loans, which enables them to fund
substantial green power projects. Investors and financial institutions often
view utility-scale renewable energy projects as lower-risk investments due to
the stable revenue streams generated from long-term power purchase agreements
(PPAs) and government incentives. Investing in green power allows utilities to
diversify their energy portfolios. By incorporating a mix of renewable energy
sources, utilities can reduce their reliance on fossil fuels, which are subject
to price volatility, supply disruptions, and environmental regulations. This
diversification enhances their long-term resilience and sustainability. Many
utilities recognize the environmental benefits of transitioning to green power
sources. They aim to reduce their carbon footprint and align their operations
with sustainability goals and public expectations for responsible environmental
stewardship. As technology in the renewable energy sector advances, utilities
are at the forefront of adopting and implementing new and more efficient
technologies. This ensures that they remain competitive and can provide a
consistent supply of green power to their customers.
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Regional Insights
Asia-Pacific
The Asia-Pacific region is the largest and
fastest-growing market for green power in the world. The region is driven by a
number of factors, including:
Rapid economic growth and urbanization
Government support for renewable energy
Falling costs of renewable energy technologies
China is the largest green power market in the
world, followed by India, Japan, and South Korea. The Chinese government has
set ambitious targets for renewable energy development, and the country is
investing heavily in solar and wind power.
Other notable markets in the Asia-Pacific region
include:
Australia: Australia is a major producer of
renewable energy, with a strong focus on solar and wind power.
Indonesia: Indonesia is a rapidly growing market
for green power, with the government setting a target of 23% renewable energy
share by 2025.
Vietnam: Vietnam is another rapidly growing market
for green power, with the government setting a target of 20% renewable energy
share by 2030.
Europe
Europe is the second largest market for green power
in the world. The region has a long history of renewable energy development,
and many European countries have already achieved high levels of renewable
energy penetration.
Germany is the largest green power market in
Europe, followed by Spain, the United Kingdom, and Italy. Germany has a
particularly strong focus on solar and wind power.
Other notable markets in Europe include:
Denmark: Denmark is a world leader in offshore wind
power.
France: France is a major producer of nuclear
power, but the country is also investing heavily in renewable energy,
particularly solar and wind power.
Netherlands: The Netherlands is a major producer of
offshore wind power.
North America
North America is the third largest market for green
power in the world. The United States is the largest green power market in
North America, followed by Canada.
The US government has set a target of a 100% clean
energy economy by 2050, and the country is investing heavily in renewable
energy development. The US is a major producer of solar and wind power, as well
as hydropower and geothermal power.
Canada is also investing heavily in renewable
energy development, with a focus on hydropower, solar, and wind power.
Recent Developments
- NextEra Energy announced a USD10
billion investment in renewable energy projects in California.
- Vestas announced a USD2
billion investment in new wind turbine manufacturing facilities in the United
States.
- Siemens Gamesa announced a USD1.5
billion investment in new offshore wind turbine manufacturing facilities in the
United Kingdom.
- Iberdrola announced a USD700
million investment in new solar and wind projects in Spain.
- EDF announced a USD600
million investment in new solar and wind projects in France.
- Enbridge announced a USD500
million investment in new offshore wind projects in the United States.
- Enel Green Power announced
a USD400 million investment in new solar and wind projects in Italy.
- SunPower announced a USD300
million investment in new solar manufacturing facilities in the United States.
- First Solar announced a USD200
million investment in new solar manufacturing facilities in the United States.
- Canadian Solar announced a USD100
million investment in new solar manufacturing facilities in China.
Key Market Players
- NextEra Energy, Inc.
- Vestas Wind Systems A/S
- Siemens Gamesa Renewable Energy, S.A.
- Ørsted A/S
- Iberdrola, S.A.
- Électricité de France S.A.
- Enbridge Inc.
- Enel Green Power S.p.A.
- First Solar, Inc
- Canadian Solar Inc.
By Power
|
By Application
|
By End User
|
By Region
|
- Wind Energy
- Solar Energy
- Geothermal Energy
- Hydropower
- Bioenergy
|
- Electricity Generation
- Transportation
- Heating
- Others
|
- Utility
- Residential
- Industrial
- Commercial
|
- North America
- Europe
- Asia Pacific
- South America
- Middle East & Africa
|
Report Scope:
In this report, the Global Green Power Market has
been segmented into the following categories, in addition to the industry
trends which have also been detailed below:
- Green Power Market, By Power:
o Wind Energy
o Solar Energy
o Geothermal Energy
o Hydropower
o Bioenergy
- Green Power Market, By Application:
o Electricity Generation
o Transportation
o Heating
o Others
- Green Power Market, By End User:
o Utility
o Residential
o Industrial
o Commercial
- Green Power Market, By
Region:
o North America
§ United States
§ Canada
§ Mexico
o Europe
§ France
§ United Kingdom
§ Italy
§ Germany
§ Spain
o Asia-Pacific
§ China
§ India
§ Japan
§ Australia
§ South Korea
o South America
§ Brazil
§ Argentina
§ Colombia
o Middle East & Africa
§ South Africa
§ Saudi Arabia
§ UAE
§ Kuwait
§ Turkey
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in the Global Green
Power Market.
Available Customizations:
Global Green Power market report with the
given market data, Tech Sci Research offers customizations according to a
company's specific needs. The following customization options are available for
the report:
Company Information
- Detailed analysis and
profiling of additional market players (up to five).
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