Renewable-Energy

RENEWABLE ENERGY SECTOR: GLOBAL SCENARIOSufficient renewable energy resources are available to satisfy World’s current and future energy demand.Solar energy alone could meet the existing global energy needs 10,000 times over• From 2011 to 2012 renewable energy capacity saw a growth of 8.5percent and reached to a total renewable energy capacity of 1,470GWin 2012• Solar industry experienced a market growth of 18 percent in 2013• Biofuels grew modestly in 2013, with global production of ethanol andbiodiesel sprouting up to USD 97.8 billion in investment compared toUSD 95.2 billion in 2012• Wind energy saw an investment of ~USD 58.5 billion in 2013Top 6countriesRE capacity,Dec.20121 China2 US3 Germany4 Spain5 Italy6 IndiaWorld Total Energy Consumption (Quadrillion, Btu)1000800600400200CAGR: 1.5%TotalOECDTotalNonOECDWorldTotal5004003002001000Renewable Power Capacities480 (Gigawatts)21012890 867131 29 2402010 2020 2030 2040Source: REN 21, www.cleantechnica.comNote: RE stands for Renewable Energy