Oct 22 2010
A recent report from Reportlinker provides information on renewable energy markets in China with its current standing with adequate details on future growth.
It indicates that despite the global melt down on economies in various countries, China continued to grow in 2008 and 2009. The country has added new power production capabilities during the period anticipating its future demands. Currently the country stands next to USA in global power consumption and leads the world as the biggest CO2 discharging country. The country has increased its industrial activities and that demands more power generation. The country is trying to meet its growing demand for power by promoting renewable energy developments and has stipulated suitable laws to govern feed-in-tariff methods, renewable energy programs and related policies.
The key features of the report include an outline of power markets in China with a clear focus on renewable energy power production with details of various types of such energies and their installed capacities. It provides adequate details on the government decisions, various incentives and comparative study on renewable industry with analysis on each renewable sector such as solar, wind, biomass, geothermal and hydro. The report elaborates on comparisons with world markets, key players involved in the industry, financial matters, the growth drivers and resistors and the future of the renewable energy sector in the country.
The key findings of the report include the effort taken by the country in reducing its CO2 emissions through the use of renewable energy. Currently the country realizes nearly 8% of its total power consumption from renewable energy sources. The country has already moved ahead of Germany in its wind energy installed capacity and currently is making head ways for offshore wind energy production. The country is aiming to reach 20 GW solar PV power production by 2020 from its current production of 160 MW. Though the country has negligible production of biomass energy it has set a target to achieve 30 GW biomass installation capabilities by 2020. The report also indicates the progress of the country in encouraging small sized hydro projects to lessen the ecological damage.
Source: http://www.reportlinker.com/