RAPIDLY RISING DISTRIBUTED RENEWABLES

Renewable Distributed Energy Generation Installations Will Reach Nearly $86 Billion in Market Value by 2017

December 12, 2012 (Pike Research/Navigant)

“Renewable distributed energy generation (RDEG) technologies, which contrast sharply with the traditional centralized utility model of large-scale power generation, represent a growing opportunity for the electric power industry. Worldwide, utility companies, investors, and policymakers are testing programs and business models to support this industry…

“…According to a recent report from Pike Research…the RDEG market will grow from less than $69 billion in market value in 2012 to nearly $86 billion in 2017…[but] will require the evolution of both technologies and business practices…”

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“The new RDEG model and traditional, centralized systems are not necessarily mutually exclusive, and the former is still in its early stages. RDEG installations today represent less than 1 percent of total electricity generating capacity installed worldwide…[but in many places,] RDEG technologies are more cost-effective than centralized installations that require transmission to population centers…

“…Europe will continue to be the largest market for RDEG during the 2012-2017 forecast period, with most countries expected to hit their renewable energy targets, the study finds, but Asia Pacific, led by China, will grow the fastest as untapped domestic markets for RDEG installations emerge.”

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