Global investment in renewable energy development in 2015 wasmore than double that of coal- and gas-fired sources, and awhopping $2.3 trillion has been invested in renewables since2004.
|Several factors are driving growth in renewable energy,including the recent extension of investment and production taxcredits by Congress, major utilities expanding their portfolios,and private equity firms acquiring and developing assets in thesector.
|Related: Future is bright for renewable energymarket
|Activity in solar is also being propelled by regulation at thestate and local level, such as San Francisco's building ordinancepassed earlier this year requiring that roofs of all new homes andbusinesses under 10 stories include solar panels for electricity orheating starting in 2017.
|Below, a summary of findings on the renewable energy market.
|(Click image to enlarge.)
|
|
Related: These infographics tell the story of 2015 ininsurance
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
- Educational webcasts, resources from industry leaders, and informative newsletters.
- Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
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].
