Britain is committed to getting 15% of its energy from renewable sources by 2020.
Key drivers for the renewable energy sector growth are the declining oil reserves, global warming issues, energy security risk due to sensitive geopolitical stability and the increasing demand with growth of population according to a leading international strategy consultancy.
Renewables are the fastest-growing source of world energy. These include:
Wind farms (Onshore & Offshore)
Wave Power
Hydroelectric Power
Photo-voltaic (Solar) Power
Solar Thermal (Solar Concentrator) Power
Thermal Wellhead Energy (Energy form the earth’s core)
Wood Biomass Plants
With consumption increasing by 3.0 percent per year., renewable energy is anticipated to grow to become the dominant energy source for world electricity generation by 2020.
Already 14 per cent of global energy supply is accounted for by renewables. Longer term (from 2012 to 2020), alternative energy supply is expected to grow at 7.5 per cent annually.
Meeting this demand will mean the need for greater investment in development projects over the coming years, and expertise required to deal with the various CAR and EAR aspects of the contracts.
Comments (4)
Naomi
September 21, 2012 at 9:41 am
I find your comments whimsical yet entertaining with an underlying conceit that belies the subtlety of the subject matter…..
Norman
September 21, 2012 at 9:42 am
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Steve
September 21, 2012 at 9:43 am
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Kate
September 21, 2012 at 9:42 am
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