The US, Canada, and Brazil have the most number of policies and incentive for the growth of renewable energy. They are also unsurprisingly, the top markets in terms of cumulative installed capacity. While the US and Canada has large capacities of various renewable energy technologies, Brazil’s power capacity is dominated by hydropower. The Ministerio de Minas e Energia (Ministry of Mines and Energy, MME) plans to diversify the power mix in order to reduce the risk of electricity shortages. The diversification and energy security strategies for the forecast period will increase the share of renewable sources in the power mix.
A noticeable observation in this region is the popularity of the net-metering arrangement. Seven of the nine countries covered, have a net-metering scheme for one or more renewable technologies. In North America, all the three major markets - US, Canada, and Mexico have net-metering in place, Mexico being the most recent country to adopt the scheme.
Mexico has a federal level net-metering regulation while Canada and the US have it at a province/state level with several variations and for different technologies. Brazil has net-metering policy where small to medium self-generating entities can feed the excess electricity into the grid and as compensation receive billing credit which can be used within a fixed timeframe to pay for the electricity consumed by the entity from the grid.
All the nine countries covered in the Americas have renewable energy targets, implying that these governments are actively supporting the growth of renewable energy in their respective countries. In US and Canada, each state/province has separate target to achieve in terms of what percent of power purchased by utilities comes from renewable sources. All other countries covered have similar generation targets at a national level.
Auction-based competitive bidding has also become a popular mechanism in North and South American countries to develop renewable energy. Countries including the US, Mexico, Brazil, Argentina, Canada, Colombia, Chile, and Peru have auction mechanism for various renewable energy technologies. Feed-in Tariff (FiT) is another major scheme used by government of American countries to promote renewable energy. Canada and the US have FiTs in place for various renewable energy technologies. In these two countries, state/province governments have the power to set FiTs and procure electricity with a risk free agreement with the entity producing renewable electricity.
The report "North and South America Renewable Energy Policy Handbook 2019", offers comprehensive information about the renewable energy policies of the American countries. The report provides a clear overview of the regulatory framework, plans, programs and incentives initiated by the individual countries to promote renewable energy sources. It provides information regarding the financial incentives, renewable energy auctions, net-metering, renewable targets and other plans implemented by the government or utilities of nine key American countries - The US, Canada, Mexico, Brazil, Argentina, Chile, Colombia, Peru, and Venezuela. The US is further bifurcated into fifty states.
The report provides the renewable framework of the American countries. Its scope includes -
- Study of regulatory framework for nine key American countries - The US, Canada, Mexico, Brazil, Argentina, Chile, Colombia, Peru, and Venezuela . The US is further bifurcated into fifty states- Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming
- Key policies and regulations supporting the development of renewable energy by country and state level.
- Information on strategy, roadmaps and other programs to achieve the renewable targets and goals by country and state level.
- Financial incentives including Feed-in-tariff, Feed-in-premium, rebates, loans, grants, tax credits and exemptions to support the implementation of the renewable energy by country and state level.
Reasons To Buy
The report will allow you to -
- Facilitate decision-making based on policies, plans, targets and strategies of American countries.
- Develop business strategies by understanding the regulations shaping and driving the renewable energy market
- Position yourself to gain the maximum advantage of the American country’s regulatory framework
- Identify key programs and fiscal incentives of individual country.