Renewable Power Market, Policy Changes, July 2015 - New Study Released

From: Fast Market Research, Inc.
Published: Wed Sep 23 2015

July 2015 saw a number of policy changes in the global renewable power market. In North America, the Energy Policy Modernization Act of 2015 was introduced, and laws were put forward to develop small hydropower in Hawaii and Massachusetts. The Los Angeles County Board of Supervisors (LAC BOS) is preparing to ban large wind turbines in unincorporated areas, while the US Senate Finance Committee has approved an extension to Federal Production Tax Credits (PTC) for renewables.

In Asia-Pacific, Australia reduced its Renewable Energy Target (RET) from 41 Terawatt hours (TWh) to 33 TWh by 2020, and has announced its second large-scale wind energy auction, due towards the end of 2015. It is also restricting Clean Energy Finance Corporation's (CEFC) investment in the wind and solar sector. China has announced plans to reduce its carbon emissions and augment wind and solar capacity by 2030.

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In Europe, the Middle East, and Africa, Feed-in Tariffs (FiT) were made available for small wind turbines in Denmark and Poland, and in Turkey, the European Bank for Reconstruction and Development (EBRD) launched a waste minimization program. In Wales, Plaid Cymru has set a goal of 100% of the country's electricity coming from renewable sources by 2035, while in the UK as a whole, the government ended the Climate Change Levy (CCL) exemption for renewable source electricity and modified renewable energy subsidies to protect consumers from rising energy bills.


* The report covers all policy changes across the globe for renewable energy technologies in July 2015

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* To gain insights on the policy changes for renewable technologies across the globe and understand its impact on the market

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