Mar 9 2010
In 2008, the market for biogas plants in Germany declined by 80% due to global economic downtrend, rising prices of energy crops, and German Renewable Energy law (EEG) revision. In 2009, about 70% of the global/European biogas market was accounted by Germany and hence the country will continue to be an important market for biogas plants in 2010.
According to Frost & Sullivan’s new analysis, in spite of instability in the economy, the development of large-scale natural gas producing plants continues to be significantly remunerative for both financial investors and farmers in Germany. The country has 30 new plants in pipeline for development in 2010.
Several countries in the world are beginning to copy the renewable energy policies followed by Germany. The EU and the U.S. are adopting measures that will enable the biogas market to grow. A campaign was launched by the U.S. government on the hazardous waste treatment generated from livestock farms in an attempt to cut down greenhouse gases, create interest in biogas plants as well as to improve the farmers’ economic status.
According to Nuno Oscar Branco, Environment Senior Analyst, Frost & Sullivan, said that, currently the biogas plants market is at a turning point. From 2010 to 2016, the market can achieve a CAGR of 8% or 24%. The German market will continue to increase, the key driver being the country’s current strong regulatory framework. If other countries adopt the German formula, the biogas market will grow substantially limited only by the industry’s ability to meet the demand.
Source: http://www.frost.com