Global Market
Global renewable energy capacity is forecast to grow from 1.6% to 10% of total installed capacity over the next ten years. This expansion from the current 56,000 MW to the targeted 350,000 MW will sustain a global investment of approximately $600 Billion.
Market drivers for renewable energy include:
- Rising overall energy demand as markets develop and populations expand
- Rising fossil fuel costs and pricing / supply uncertainty
- Renewed strategic focus on energy self-sufficiency
- Voter and consumer preferences for healthier environments
- International and local legislation and environmental/public health regulations (eg: Kyoto Protocol, Renewable Portfolio Standards, Landfill Restrictions)
- Preferential tax treatment and subsidies (eg: accelerated depreciation, Eco-funds)
- Market-based environmental attribute trading schemes (eg: Chicago Climate Exchange, EU Emissions Trading System)
- Technological advances lowering capital costs and increasing power production
- Demand for securities based on long-term fixed-income assets
With targeted strategies to navigate both new and traditional barriers to entry, SEC aims to capture a modest market share of less than 0.5% of the global market.