Global Renewable Energy:

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2 Synopsis The future of human civilization is slowly but surely moving towards renewable energy. The existing reserves and undiscovered sources of fossil fuels and other combustible or radioactive minerals will eventually be exhausted or become too expensive to extract. In response to spiralling power requirements, more money has been invested in new renewablesbased generation capacity than in non-renewables-based generation capacity in recent times. The International Energy Agency (IEA) estimated last year that the power industry still needs to invest USD 17 trillion from 2013 through 2035 to satisfy rising electricity demand. The increase of renewable energy s share in total installed energy capacity was evident in most geographies in The growth of renewables was noticeable across Asia, Latin America, the Middle East and Africa, with new investment in all technologies. The Middle East and North Africa (MENA) region and South Africa in particular, witnessed the launch of ambitious new targets in 2012, as well as the emergence of policy frameworks and renewables deployment. Globally, the most significant growth occurred in the power sector, with global capacity exceeding 1,560 gigawatts (GW), up more than 8 percent over Hydropower rose by 4 percent to approximately 1,000 GW, and other renewables collectively grew nearly 17 percent to more than 560 GW. However, wind energy experienced a significant decline in installation in 2013, mainly due to a dramatic drop in the US market. Around 35 GW of new wind power capacity was brought online in the year, lower than 2012 additions that were in excess of 45 GW. In terms of overall investments, the global wind sector saw a slight decline to USD 80.3 billion in 2013, down from USD 80.9 billion in Asian countries, such as China and India, were the growth drivers, contributing more than 52 percent of new installed capacity share. The Europe and North America were the other significant contributors with 34 percent and 9 percent capacity additions, respectively. Meanwhile, global investments in renewable energy dropped for a second successive year to USD 254 billion in 2013, an 11 percent decrease from 2012 levels. The decline was reflected in a sharp fall in solar system prices, and the effect of policy uncertainty in many countries. Looking at global investment in clean energy sector-wise, wind saw a small decline to USD 80.3 billion in 2013 from 2 P a g e

3 USD 80.9 billion in 2012, while there was a more pronounced reduction in solar, to USD billion from USD billion. The governments of several countries are focusing on policy framework to create a congenial environment for the growth of the renewable energy market. Around 138 countries across the world had set renewable energy targets for the end of The Fukushima nuclear disaster in Japan impelled many countries to develop policies for the development of sustainable energy sources. Feed-in-tariffs (FITs) and renewable portfolio standards (RPS) are the most common policies being adopted by a majority of the countries that have renewable energy policies. The renewable energy sector has the potential to double its present share, but that requires action from all regions. The US Energy Information Administration (EIA) estimates that about 10 percent of world energy consumption is from renewable energy sources with a projection of 14 percent by That renewables is the fastest growing energy source for actual electricity production globally, increasing at 3.1 percent per year, is indication of its outlook. 3 P a g e

4 SCOPE OF THE REPORT Global Overview of the Renewable Energy Market Sources of Renewable Energy and their Current Global Status Region-wise Status of the Market Country-specific Status of the Market Outlook of the Industry KEY FEATURES DISCUSSED Current Global Renewable Energy Status and Outlook Detailed Analysis of Various Sources of Renewable Energy Global Investment Trends in Renewable Energy Detailed Analysis of Each Renewable Energy Source Global Region-wise Country Profile for Renewable Energy Market Detailed Analysis of Each Renewable Energy Sources Country-specific Country-specific Regulatory Framework in Renewable Energy Country-specific Investment Trends in Renewable Energy Cost of Transformation into total Clean Energy Cost Analysis of Each Renewable Technology Generation Opportunities for Renewable Energy in the Manufacturing Sector SMEs and Renewable Energy Profile of Major Players BENEFICIARIES OF THE REPORT Companies in Renewable Energy, Power and Agriculture Sectors Educational Institutes and Renewable Energy Research Centers Business Research, KPOs, and Consulting Companies Renewable Energy Equipment Manufacturers/Suppliers, SMEs Government and Policy Makers Commercial and Investment Banks 4 P a g e

5 Individuals/Investors Table of Contents 1. Executive Summary 2. Global Overview 2.1 World Electricity Generation 2.2 Need for Renewable Energy 2.3 Hydro Power 2.4 Wind Energy 2.5 Biomass Energy 2.6 Solar Energy 2.7 Geothermal Energy 2.8 Global Investment Trends 3. The Cost of Going Green 4. Cost Analysis of Renewable Power Generation 4.1 Biomass Power Generation 4.2 Concentrating Solar Power (CSP) Generation 4.3 Hydropower Generation 4.4 Solar Photovoltaics Generation 4.5 Wind Power Generation 5 P a g e

6 5. Regional Overview 5.1 America The US Hydro Energy Wind Energy Biomass Energy Solar Energy Geothermal Energy Investment Trends Policy Framework in the US Brazil Hydro Electricity Wind Energy Investment Trends Regulatory Framework 5.2 Europe The United Kingdom Hydro Power Wind Energy Biomass energy 6 P a g e

7 Investment Trends Policy Framework Germany Hydro Power Wind Energy Biomass Energy Solar Energy Investment Trends Policy Framework 5.3 Asia - Pacific China Hydro Electricity Wind Power Solar Energy Investment Trends Policy Framework India Hydro Power Wind Power Biomass Energy 7 P a g e

8 Solar Power Investment Trends Policy Framework Major State-wise Initiatives in Renewable Energy 6. Opportunities for Renewable Energy in Manufacturing Sector 6.1 Opportunities in Small and Medium Enterprises (SMEs) 7. Major Players 7.1 GE Energy 7.2 First Solar, Inc. 7.3 Calpine Corporation 7.4 Alstom SA 7.5 Statkraft SF 7.6 Areva SA 7.7 NRG Energy, Inc. 7.8 E.ON UK plc. 7.9 Iberdrola SA 7.10 Siemens AG 7.11 Abengoa S.A Dulas Limited 7.13 Vattenfall AB 8 P a g e

9 7.14 Renewable Energy Systems Limited 7.15 Ascent Solar Technologies, Inc Solar Century Holdings Limited 7.17 Canadian Solar, INC 7.18 Centrosolar Group, AG 7.19 China Sunergy Company Limited 7.20 China Power New Energy Development Company Limited 7.21 China Three Gorges Corporation 7.22 LDK Solar Company Limited 7.23 Suzlon Energy Limited 7.24 Bhel India Limited 7.25 Tata Power Solar Systems Limited 7.26 Moser Baer India Limited 7.27 NTPC Limited 7.28 Orient Green Power Company Limited 7.29 Kenersys India Private Limited 7.30 Greenko Group Plc. 8. Outlook 9 P a g e

10 List of Charts Chart 1: Global Primary Energy Consumption, Chart 2: Share of Renewables in Primary Energy Consumption, 2012 Chart 3: Outlook - Global Primary Energy Demand, Chart 4: Global Average Annual Growth Rate of Renewable Energy Capacity Chart 5: Top-five Countries in Renewable Energy Installed Capacity, 2013 Chart 6: Global Electricity Generation Installed Capacity, Chart 7: Global Electricity Generation, Chart 8: Global Hydro Electricity Installed Capacity, Chart 9: Global Hydro Electricity Generation, Chart 10: Country-wise Share of Total Hydropower Installed Capacity, 2013 Chart 11: Country-wise Hydropower New Capacity Additions, 2013 Chart 12: Global Wind Energy Installed Capacity, Chart 13: Country-wise Share of Total Installed Wind Energy Capacity, 2013 Chart 14: Country-wise Wind Energy New Capacity Additions, 2013 Chart 15: Global Biomass Energy Installed Capacity, Chart 16: Global Solar PV Installed Capacity, Chart 17: Country-wise Share of Total Installed Solar PV Capacity, 2013 Chart 18: Global Investment in Renewable Energy, P a g e

11 Chart 19: Global Annual Cost of Producing Non-Renewable Energy, 2013 Chart 20: Cost of Full Conversion to Green Energy by Resource, 2013 Chart 21: Levelised Cost of Electricity for Different Generation Technologies, Chart 22: Renewable Energy Consumption in North America, Chart 23: Renewable Energy Consumption - South & Central America, Chart 24: Total Primary Energy Consumption in the US, Chart 25: Total Energy Consumption in the US by Type, 2013 Chart 26: Electricity Generation by Hydro Energy in the US, Chart 27: Total Wind Power Installed Capacity in the US, Chart 28: Electricity Generation by Wind Energy in the US, Chart 29: Biopower Installed Capacity in the US, Chart 30: Solar Power Installed Capacity in the US, Chart 31 Installed Capacity of Geothermal Power in the US, Chart 32: Total Primary Energy Consumption in Brazil, Chart 33: Primary Energy Consumption by Type, 2012 Chart 34: Installed Capacity of Hydroelectricity in Brazil, Chart 35: Electricity Generation by Hydro Energy in Brazil, Chart 36: Installed Capacity of Wind Energy in Brazil, Chart 37: Electricity Generation by Wind Energy in Brazil, Chart 38: Total EU Power Capacity Mix, P a g e

12 Chart 39: Primary Energy Consumption in the UK, Chart 40: Share of Electricity Generation by Type in the UK, 2013 Chart 41: Hydroelectricity Installed Capacity in the UK, Chart 42: Hydroelectric Generation in the UK, Chart 43: Wind Power Installed Capacity in the UK, Chart 44: Wind Electricity Generation in the UK, Chart 45: Biomass Energy Installed Capacity in the UK, Chart 46: Biomass Electricity Generation in the UK, Chart 47: Primary Energy Consumption in Germany, Chart 48: Consumption of Energy by Type in Germany, 2013 Chart 49: Hydro Energy Installed Capacity in Germany, Chart 50: Hydroelectricity Generation in Germany, Chart 51: Wind Energy Installed Capacity in Germany, Chart 52: Biomass Energy Installed Capacity in Germany, Chart 53: Biomass Electricity Generation in Germany, Chart 54: Solar Energy Installed Capacity in Germany, Chart 55: Solar Electricity Generation in Germany, Chart 56: Primary Energy Consumption in Asia Pacific, Chart 57: Renewable Energy Consumption in Asia Pacific, Chart 58: Primary Energy Consumption in China, P a g e

13 Chart 59: Primary Energy Consumption in China, Chart 60: Total Hydro Power Installed Capacity in China, Chart 61: Hydro Electricity Generation in China, Chart 62: Total Wind Installed Capacity in China, Chart 63: Electricity Generation by Wind in China, Chart 64: Solar Power Installed Capacity in China, Chart 65: Primary Energy Consumption in India, Chart 66: Installed Power Generation Capacity in India Chart 67: Hydro Power Installed Capacity in India, Chart 68: Wind Energy Installed Capacity in India, Chart 69: Net Sales - GE Energy, Chart 70: Net Profit - GE Energy, Chart 71: Net Sales - First Solar, Inc., Chart 72: Net Profit - First Solar, Inc., Chart 73: Net Sales - Calpine Corporation, Chart 74: Net Profit - Calpine Corporation, Chart 75: Net Sales - Alstom SA, FY FY2013 Chart 76: Net Profit - Alstom SA, FY FY2013 Chart 77: Net Sales - Statkraft SF, FY FY2013 Chart 78: Net Profit- Statkraft SF, FY FY P a g e

14 Chart 79: Net Sales - Areva SA, Chart 80: Net Profit - Areva SA, Chart 81: Net Sales NRG Energy Inc., Chart 82: Net Profit - NRG Energy Inc., Chart 83: Net Sales - E.ON UK Plc., Chart 84: Net Profit - E.ON UK Plc., Chart 85: Net Sales - Iberdrola SA, Chart 86: Net Profit - Iberdrola SA, Chart 87: Net Sales - Siemens AG, Chart 88: Net Profit - Siemens AG, Chart 89: Net Sales - Abengoa SA, Chart 90: Net Profit - Abengoa SA, Chart 91: Net Sales - Vattenfall AB, Chart 92: Net Profit - Vattenfall AB, Chart 93: Net Sales - Ascent Solar Technologies, Inc., Chart 94: Net Loss - Ascent Solar Technologies, Inc., Chart 95: Net Sales - Canadian Solar, Inc, Chart 96: Net Profit - Canadian Solar, Inc, Chart 97: Net Sales - Centrosolar Group AG, Chart 98: Net Profit - Centrosolar Group AG, P a g e

15 Chart 99: Net Sales - China Sunergy Co. Ltd., Chart 100: Net Profit - China Sunergy Co. Ltd., Chart 101: Net Sales - China Power New Energy Development Company Limited, Chart 102: Net Profit - China Power New Energy Development Company Limited, Chart 103: Net Sales - Three Gorges Corporation, Chart 104: Net Profit - Three Gorges Corporation, Chart 105: Net Sales - SDK Solar Co. Ltd., Chart 106: Net Profit - SDK Solar Co. Ltd., Chart 107: Net Sales - Suzlon Energy, FY FY2014 Chart 108: Net Profit - Suzlon Energy, FY FY2014 Chart 109: Net Sales - BHEL, FY FY2013 Chart 110: Net Profit - BHEL, FY FY2013 Chart 111: Net Sales - Moser Baer India Ltd., FY FY2013 Chart 112: Net Profit - Moser Baer India Ltd., FY FY2013 Chart 113: Net Sales - NTPC Ltd., FY FY2013 Chart 114: Net Profit - NTPC Ltd., FY FY2013 Chart 115: Net Sales - Orient Green Power Co. Ltd., FY FY2013 Chart 116: Net Profit - Orient Green Power Co. Ltd., FY FY2013 Chart 117: Net Sales - Greenko Group Plc., FY FY2013 Chart 118: Net Profit - Greenko Group Plc., FY FY P a g e

16 List of Tables Table 1: Company Details and Overview GE Energy Table 2: Company Details and Overview First Solar, Inc. Table 3: Company Details and Overview Calpine Corporation Table 4: Company Details and Overview Alstom SA Table 5: Company Details and Overview Statkraft SF Table 6: Company Details and Overview Areva SA Table 7: Company Details and Overview NRG Energy, Inc. Table 8: Company Details and Overview E.ON UK plc. Table 9: Company Details and Overview Iberdrola SA Table 10: Company Details and Overview Siemens AG Table 11: Company Details and Overview Abengoa S.A. Table 12: Company Details and Overview Dulas Limited Table 13: Company Details and Overview Vattenfall AB Table 14: Company Details and Overview Renewable Energy Systems Ltd. Table 15: Company Details and Overview Ascent Solar Technologies, Inc. Table 16: Company Details and Overview Solar Century Holdings Limited Table 17: Company Details and Overview Canadian Solar, INC Table 18: Company Details and Overview Centrosolar Group, AG 16 P a g e

17 Table 19: Company Details and Overview China Sunergy Company Limited Table 20: Company Details and Overview China Power New Energy Development Company Limited Table 21: Company Details and Overview - China Three Gorges Corporation Table 22: Company Details and Overview LDK Solar Co. Ltd. Table 23: Company Details and Overview Suzlon Energy Ltd Table 24: Company Details and Overview Bhel India Ltd. Table 25: Company Details and Overview - Tata Power Solar Systems Limited Table 26: Company Details and Overview - Moser Baer India Limited Table 27: Company Details and Overview - NTPC Limited Table 28: Company Details and Overview - Orient Green Power Company Limited Table 29: Company Details and Overview - Kenersys India Pvt. Ltd. Table 30: Company Details and Overview - Greenko Group Plc 17 P a g e

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