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Renewable Energy Investment Market Sets Sights On 50 Billion Dollars By 2011
New York NY (SPX) Nov 28, 2007 With an anticipated investment value of $25 billion this year, following on the heels of a stellar 2006 in which investments tripled, Renewable Energy Investment in the U.S., a new report from market research firm Packaged Facts, projects that the rapidly emerging renewable energy (RE) investment market could skyrocket to nearly $50 billion by 2011. Report projections are based on key assumptions, including oil prices continuing to rise; RE prices continuing to fall; government intervention in markets being once again viewed favorably; and increasing energy insecurity leading to greater awareness of RE potential. U.S. investments in RE are following closely on the heels of an upward global trend, coupled with a sudden awakening to the volatility of traditional energy markets. Yet as positive as the outlook may be, the growing pains typical of emerging markets could put a damper on industry growth. As of mid-2007, no agreement exists on standard RE investment market parameters and terms. While several models have been proposed regarding how to intelligently define terms and set boundaries, these models have yet to be reconciled. "This is the first study to demystify the financial complexities surrounding this rapidly evolving market. It clearly explains the new investment architecture taking shape to support RE, involving a blending of venture capital and private equity firms, banks, brokers, funds, corporations, and governments. And it explores the new financial vehicles created to fund RE development, including power purchase agreements, RE credits, and potential carbon markets," notes Tatjana Meerman, the publisher of Packaged Facts. "We expect market momentum should escalate to where we're seeing double-digit annual growth rates over the next several years." Community Email This Article Comment On This Article Related Links Renewable Energy Report Powering The World in the 21st Century at Energy-Daily.com
Interview: KRG minister on Iraq oil beef 
Washington (UPI) Nov 27, 2007 Iraqi Kurdistan's oil minister, Ashti Hawrami, begins his U.S. tour of political and business leaders from Washington to Texas a hot item with international oil companies, but with icy relations with his counterpart in Baghdad. |
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