- Installed Capacity and Targets, 2014-2025
Renewable energy refers to the energy obtained from nonconventional, inexhaustible, replenishable energy resources, such as wind, sunlight, hydropower, tides, and biomass. The focus on renewable energy has increased recently due to the rising global pollution and environmental concerns. To support the production of renewable energy, governments across the globe have formulated several policies, regulations, and schemes providing support to renewable energy producers in the form of tax incentives and funds. One such policy is the Feed-in-Tariff or FiT. According to this policy, all the renewable energy producers, including farmers, home owners, private investors, and business owners should be paid a cost-based price for the renewable energy that they supply to the grid. The tariff to be paid differs with the type of technology, amount of energy produced, location, region, and size.
Based on technology, the market is divided into solar, wind, bioenergy, and geothermal sectors. On the basis of tariff period, market segmentation includes less than 5 years, 610 years, 1115 years, 1620 years, 2125 years, and more than 25 years. Geographically, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The top players involved in the global renewable energy policy FiT analysis include First Solar, Inc., SunEdison Inc., Martifier Solar, Gamesa Corporacin Tecnolgica, M.A. Mortenson Company, Inc., AMEC Foster Wheeler PLC, Prenecon Prime Energy Constructions S. A., Black & Veatch Holding Company, Suzlon Energy Ltd., and Ormat Technologies Inc.
By Tariff Period
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