28.02.2012: London-based professional services firm Ernst & Young’s latest quarterly global renewable energy report predicts that new investment in clean energy will be hard to come by in developed markets in 2012. According to the report, 2011 saw record levels of new investment in clean energy, especially in solar, and Ernst & Young expects this surge in investment will continue in emerging markets in 2012. The report estimates that Eurozone countries will be especially hard hit in 2012 due to financial constraints, the ongoing sovereign debt crisis and the scaling back of renewable energy targets and incentives. Further, the report expects the lack of renewable energy investment in Europe will lead to a consolidation of the wind and solar sectors and increased vertical integration. Spain, which recently suspended incentives for new renewable energy projects, was the most attractive country for investment in renewable energy five ago – now the country is not even in the top ten most attractive markets. Meanwhile, the report says that proposed changes to Germany’s solar feed-in-tariff (FIT) program would “significantly suppress market activity [in Germany] in 2012 and beyond.” The latest report still lists China, the US and Germany as the three most attractive renewable energy markets despite grid infrastructure issues in China, fewer incentive mechanisms in the US and the FIT changes in Germany. Regarding emerging markets, the report expects the Middle East and North Africa region will attract significant investment in solar and wind projects in the near future. … Source: Ernst & Young; Summary: PHOTON http://www.ey.com http://www.ey.com/GL/en/Newsroom/News-releases/Global-renewable-energy
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st The complete press release can be viewed in PHOTON's archive using the following link:
http://www.photon-international.com/newsletter/document/61466.pdf |
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