A new report from market research group Frost & Sullivan forecasts the global installed capacity of renewable energy to more than double from 1,566 GW in 2012 to 3,203 GW in 2025 at an average annual growth rate of 5.7%. In its Annual Renewable Energy Outlook 2014, Frost & Sullivan says significant developments in policies for renewable energy have taken place over the past decade. "Previously, less than 50 countries worldwide had support policies for renewable energy; this number now stands at more than 130." As a result of political and financial support, investments in renewables have risen dramatically, the report finds. The European Union has also set binding targets to source 20% of the bloc's total energy consumption from renewable energy by 2020. Accordingly, individual member states have set renewable energy consumption targets ranging from 10% for Malta to 49% for Sweden. In addition, solar PV technology is expected to account for 33.4% of total renewable energy capacity additions over the 2012-2025 period. Wind follows closely at 32.7%, ahead of hydro power at 25.3%. Other ...Den vollständigen Artikel lesen ...