Renewable energy industry

Renewable energy industry

The present-day renewable energy industry is an energy industry focusing on "new" and "appropriate" renewable energy technologies, which excludes large-scale hydro-electricity. Investors worldwide have paid much greater attention to this emerging renewable energy industry in recent years. In many cases, this has translated into rapid renewable energy commercialization and considerable industry expansion. The wind power industry and solar photovoltaics (PV) industry provide good examples of this.

Leading renewable energy companies include Acciona, Enercon, Gamesa, GE Energy, Q-Cells, Sharp Solar, SunOpta, Suntech, and Vestas.Top of the list, "Renewable Energy World", 2 January 2006.] Several renewable energy companies have recently gone through high profile Initial Public Offerings, including Aventine (USA), First Solar (USA), Iberdrola (Spain), and VeraSun Energy (USA).


By mid-2007, some 140 publicly-traded renewable energy companies worldwide (or renewable energy divisions of major companies) each had a market capitalization greater than $40 million. (The number of companies in this category jumped from about 85 in mid-2006.) The estimated total market capitalization of these companies and divisions was more than $100 billion in mid-2007.REN21 (2008). [ Renewables 2007 Global Status Report (PDF)] p. 18.]

During 2006/2007, several renewable energy companies went through high profile Initial Public Offerings (IPOs), resulting in market capitalization near or above $1 billion. These corporations included the solar PV companies First Solar (USA), Trina Solar (USA), Centrosolar (Germany), and Renesola (U.K.), wind power company Iberdrola (Spain), and U.S. biofuels producers VeraSun Energy, Aventine, and Pacific Ethanol.

Wind power

In 2007, worldwide capacity of wind-power was 93.8 GW, of which 19.7 GW was capacity added in 2007. [ World Wind Energy Association Press release] , accessed 5 June 2008]


Currently three quarters of global wind turbine sales come from only four turbine manufacturing companies: Vestas, Gamesa, Enercon, and GE Energy.Lewis, Joanna I. (2007). [ "A Comparison of Wind Power Industry Development Strategies in Spain, India and China" (PDF)] ] With a 23% market share, Vestas is the largest supplier of modern wind turbines. Vestas has installed some 35,000 wind turbines in 63 countries on five continents. Vestas wind turbines generate more than 60 million MWh of energy per year: enough electricity to supply millions of households. Vestas is a Danish company which employs 14,000 people globally and, in 2003, merged with the Danish wind turbine manufacturer NEG Micon. [Vestas (2007). [ Vestas results] Retrieved on 4 March 2008.]

Gamesa, founded in 1976 with headquarters in Bilbao, Spain, is currently the world's second largest wind turbine manufacturer, [World Wind Energy Association (2007). [ Acquisition of REpower by Suzlon is important step in international cooperation] Retrieved on 22 January 2008.] after Vestas, and it is also a major builder of wind farms. Gamesa’s main markets are within Europe, the US and China. In 2006, Europe accounted for 65 percent of Gamesa’s sales, of which 40 percent were within Spain.

In 2004, German company Enercon installed a total of 1,288 MW of wind power and had around 16% of the global market share. Enercon constructed production facilities in Brazil in 2006, and has extended its presence there, as well as in the more traditional markets of Germany, India, Austria, UK, Canada and the Netherlands.

GE Energy has installed over 5,500 wind turbines and 3,600 hydro turbines, and its installed capacity of renewable energy worldwide exceeds 160,000 MW. [GE Energy (undated). [ GE Energy] Retrieved on 22 January 2008.] GE Energy bought out Enron Wind in 2002 and also has nuclear energy operations in its portfolio. [ [ Nuke Producer GE Energy Buys Solar Producer AstroPower] "Social Funds", 6 April 2004. Retrieved on 22 January 2008.]

Acciona Energy is a leader in the renewable energy sector and the company’s mission is to "demonstrate the technical and economic viability of a sustainable energy model".Waubra Wind Farm (2007). [ Acciona Energy] Retrieved on 22 January 2008.] Acciona Energy is the largest developer, owner and operator of wind farms in the world, with 164 wind farms in nine countries representing over 4,500 MW of wind power installed or under construction.


Wind power capacity increased more than any other renewable power technology in 2007, with an estimated 21 GW added, which represented a 28 percent increase over 2006.REN21 (2008). [ Renewables 2007 Global Status Report (PDF)] p. 10.] In 2007, the wind power industry saw an increase in wind manufacturing facilities in the United States, India, and China, which broadened the manufacturing base away from traditional markets in Europe. 2007 showed a boost for China and India, which export components and turbines.

Offshore wind power installations are slowly emerging, due partly to higher costs and maintenance levels compared with on-shore markets. Recent years have seen several hundred megawatts added annually, mostly in Europe.



Q-Cells became the world's largest solar cell maker in 2007, producing nearly 400 MW of product. Longtime market leader Sharp Corporation found itself in second place with production of 370 MW in 2007, which the company blamed on a constrained supply of silicon. China's Suntech was close behind the leaders with more than 300 MW of output. Kyocera and its 200 MW output was a distant fourth in 2007. [ Explosive Growth Reshuffles Top 10 Solar Ranking] ]

Four new companies entered the top ranks in 2007. CdTe-cell maker First Solar was at fifth place, the only US-based and only thin-film supplier in the Top 10 companies. Asian players Motech Industries (Taiwan), Yingli Green Energy (China), and JA Solar Holdings (China/Australia) rounded out the Top 10 ranking, pushing aside some established players like Mitsubishi Electric, Schott, and BP Solar.


Solar photovoltaics have been expanding rapidly, growing at an average of 40 percent per year since the beginning of this decade, albeit from a small base. In the past five years, global solar installations have expanded from approximately 600 MW in 2003 to nearly 3000 MW in 2008. [ [ Utility Solar Assessment (USA) Study: Reaching Ten Percent Solar by 2025] p. 4]

During 2007, investment in new solar PV manufacturing facilities was strong in Europe, Japan, China, Chinese Taipei, and the United States, with many new operations reported. The solar PV industry also saw an increase in silicon production facilities around the world, which was a response to silicon feedstock shortages in recent years. Solar PV manufacturers were signing long-term contracts to ensure a growing supply, and many silicon manufacturers are announcing plans to build new plants. By the end of 2007, more than 70 silicon manufacturing facilities were being constructed or planned worldwide.REN21 (2008). [ Renewables 2007 Global Status Report (PDF)] p. 19.]

Concentrating solar power

Since 2004 there has been renewed interest in concentrating solar power (CSP) and three plants were completed during 2006/2007: the 64 MW Nevada Solar One, a 1 MW trough plant in Arizona, and the 11 MW PS10 solar power tower in Spain. Three 50 MW trough plants were under construction in Spain at the end of 2007 with ten additional 50 MW plants planned. In the United States, utilities in California and Florida have announced plans (or contracted for) at least eight new projects totaling more than 2,000 MW. Companies involved in new projects include Abengoa Solar, Acciona, Ausra, BrightSource Energy, Iberdrola, Solar Millennium, and Stirling Energy Systems. [REN21 (2008). [ Renewables 2007 Global Status Report (PDF)] p. 12 and 19.]


In the ethanol fuel industry, the United States dominated, with 130 operating ethanol plants in 2007, and production capacity of 26 billion liters/year (6.87 billion gallons/year), a 60 percent increase over 2005. Another 84 plants were under construction or undergoing expansion, and this will result in a doubled production capacity. Brazil continued its ethanol expansion plans which began in 2005.

The biodiesel industry opened many new production facilities during 2006/2007 and continued expansion plans in several countries. New biodiesel capacity appeared throughout Europe, including inBelgium, Czech Republic, France, Germany, Italy, Poland, Portugal, Spain, Sweden, and the United Kingdom.

Commercial investment in second-generation biofuels began in 2006/2007, and much of this investment went beyond pilot-scale plants. The world’s first commercial wood-to-ethanol plant began operation in Japan in 2007, with a capacity of 1.4 million liters/year. The first wood-to-ethanol plant in the United States is planned for 2008 with an initial output of 75 million liters/year.


Renewable energy use tends to be more labor-intensive than fossil fuels, and so a transition toward renewables promises employment gains. Globally, about 2.3 million people work either directly in renewables or indirectly in supplier indus­tries. The wind power industry employs some 300,000 people, the PV sector accounts for an estimated 170,000 jobs, and the solar thermal industry accounts for about 624,000. More than 1 million jobs are located in the biomass and biofuels sector. [ [ Jobs in Renewable Energy Expanding] ]

ee also

*List of concentrating solar thermal power companies
*List of countries by electricity production from renewable source
*List of the largest hydroelectric power stations
*List of large wind farms
*List of solar thermal power stations
*Renewable energy policy
*Sustainable industries
*The Clean Tech Revolution



*International Energy Agency (2006). "World Energy Outlook 2006: Summary and Conclusions", OECD, 11 pages.

*International Energy Agency (2007). "Renewables in global energy supply: An IEA facts sheet", OECD, 34 pages.

*REN21 (2008). "Renewables 2007 Global Status Report", Paris: REN21 Secretariat, 51 pages.

*United Nations Environment Program (2006). "Changing climates: The Role of Renewable Energy in a Carbon-constrained World", January, 33 pages.

*United Nations Environment Programme and New Energy Finance Ltd. (2007). "Global Trends in Sustainable Energy Investment 2007: Analysis of Trends and Issues in the Financing of Renewable Energy and Energy Efficiency in OECD and Developing Countries", 52 pages.

*Worldwatch Institute and Center for American Progress (2006). "American energy: The renewable path to energy security", 40 pages.

External links

* [ Investors Pour Unprecedented Billions Into Renewable Energy]
* [ Five Trends to Watch in the Renewable Energy Industry]
* [ The Sunny Side of the Street: Investing in Solar]

Wikimedia Foundation. 2010.

Поможем решить контрольную работу

Look at other dictionaries:

  • Renewable energy policy — is the principal driver of the growth in renewable energy use. Renewable energy policy targets exist in some 66 countries around the world, and public policies to promote renewable energy use have become more common in recent years. At least 60… …   Wikipedia

  • renewable energy — UK US noun [U] ► NATURAL RESOURCES, ENVIRONMENT energy that is produced using the sun, wind, etc., or from crops, rather than using fuels such as oil or coal: »the renewable energy industry »renewable energy projects/sources/technology »With sky… …   Financial and business terms

  • Renewable energy commercialization — The wind, Sun, and biomass are three renewable energy sources …   Wikipedia

  • Renewable energy — Burbo Bank Offshore Wind Farm, at the entrance to the River Mersey in North West England …   Wikipedia

  • Renewable energy development — TOC Renewable energy development covers the advancement, capacity growth, and use of renewable energy sources. Modern interest in renewable energy development is linked to concerns about exhaustion and greenhouse gases of fossil fuels and… …   Wikipedia

  • Renewable energy in Germany — The share of electricity from renewable energy in Germany has increased from 6.3 percent in 2000 to over 14 percent in 2007. More than 9 billion euros (US$12.7 billion) was invested in new renewable energy installations in Germany in 2006. Some… …   Wikipedia

  • Energy industry — The energy industry is a generic term for all of the industries involved the production and sale of energy, including fuel extraction, manufacturing, refining and distribution. Modern society consumes large amounts of fuel, and the energy… …   Wikipedia

  • Renewable energy in Finland — of electricity was (2005): Water 60 %, forest industry black liquor 22 %, other wood residues 16 %, wind power 0.2 % and other RE 1 %. The European objectives are: 22 % renewable source electricity and 12% renewable of primary energy in 2010… …   Wikipedia

  • Renewable energy in Iceland — has supplied over 70% of Iceland s primary energy needs since 1999 [ [ Gross energy consumption by source 1987–2005] , [ Statistics Iceland] , accessed 2007 05… …   Wikipedia

  • Renewable energy payments — are a competitive alternative to Renewable Energy Credits (REC s).Although the intent with both methods is the same, to stimulate growth in the alternative and renewable energy space, REP s have proven to offer benefits to local jobs, businesses… …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”