Global investment in renewable energy development in 2015 was more than double that of coal- and gas-fired sources, and a whopping $2.3 trillion has been invested in renewables since 2004.
Several factors are driving growth in renewable energy, including the recent extension of investment and production tax credits by Congress, major utilities expanding their portfolios, and private equity firms acquiring and developing assets in the sector.
Activity in solar is also being propelled by regulation at the state and local level, such as San Francisco's building ordinance passed earlier this year requiring that roofs of all new homes and businesses under 10 stories include solar panels for electricity or heating starting in 2017.
Below, a summary of findings on the renewable energy market.
(Click image to enlarge.)
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Shawn Moynihan
Shawn Moynihan is Editor-in-Chief of National Underwriter Property & Casualty. A St. John’s University alum, Moynihan has earned 11 Jesse H. Neal Awards, the Pulitzers of the business press; seven Azbee Awards, from the American Society of Business Press Editors; two Folio Awards; and a SABEW award, from the Society of American Business Editors & Writers. Prior to joining ALM, he served as Managing Editor/Online Editor of journalism institution Editor & Publisher, the trade bible of the newspaper industry. Moynihan also has held editorial positions with AOL, Metro New York, and Newhouse Newspapers. He can be reached at [email protected].
