The Key Players in Global Renewable Energy Investment Market 2016-2020

Wednesday 12 October 2016, Amsterdam

The report, now available on ASDReports, recognizes the following companies as the key players in the global renewable energy investment market: Goldman Sachs, Macquarie, GE Energy Financial Services, and Center Bridge Partners.

Other Prominent Vendors in the market are: Bank of America, BNP Paribas, Citigroup, EKF, KFW, Mitsubishi UFJ Financial, and TerraForm Power.

Commenting on the report, an analyst said: “Spending on utility-scale renewable energy projects will be a key trend for market growth. The renewable energy projects that are more than 10 MW are said to be utility-scale renewable energy projects that benefit from state and local policies and programs. The state and local policies and programs address the potential barriers by implementing correct measures. The utility-scale renewable energy projects are considered to be highly individualized energy projects wherein the most effective states have coupled renewable portfolio standards with financial mechanisms such as tax benefits and clean energy fund grants. This helps in encouraging and supporting the development of large-scale projects within their borders.”

According to the report, high solar energy investments will be a key driver for market growth. The investments in the solar and wind energy are increasing considerably. If we look at the US market, the Solar Investment Tax Credit (ITC) has provided industry stability and growth since 2006 where it has experienced a CAGR of 60% approximately. On the other hand, there has been a drop in the cost of installation of the solar power plant by more than 70%. This has led to the expansion of new markets that has increased the deployment of multiple systems. The adoption of renewable energy resources is increasing in Saudi Arabia, Qatar, Bahrain, Egypt, Algeria, Morocco, Libya, Jordan, Syria, Iraq, the UAE, and Kuwait, resulting in improved employment opportunities worldwide.

Further, the report states that uncertainties over investment outcome will be a challenge for the market. The initial cost of installing renewable power is high compared with other alternatives. Governments worldwide have provided subsidies, tax incentives, and rebates to boost market growth. However, installation costs associated with renewable energy generation are high. Despite premium payment FITs in Algeria, Iran, Syria, Israel, Jordan, Malta, and Palestine, the growth in renewable power installations has been slower than expected. Solar and wind energy are required to be more cost-effective to ensure sustained market growth during the forecast period.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.