HVAC Breaking News / News

Sept. 5, 2012: Annual Distributed Renewable Energy Installations to Triple by 2017

BOULDER, Colo. — Distributed renewable energy installations today represent far less than one percent of total worldwide electricity generating capacity, but according to a new report from Pike Research, a part of Navigant’s Energy Practice, they will expand rapidly over the next half-decade. Annual worldwide installations of renewable distributed generation are forecast to nearly triple between 2012 and 2017, reaching 63.5 gigawatts (GW) a year in 2017. Nearly 232 GW of distributed renewable is expected to be added over that five-year period.

The centralized model of power generation, transmission, and distribution is growing more and more costly to maintain at current levels, let alone expand to meet the rising electricity needs of growing populations, said Pike Research. Despite being smaller in scale, renewable distributed energy generation sources such as distributed solar photovoltaic (PV), small wind power, and stationary fuel cell systems, with less need for transmission and little to no emissions, are positioned to disrupt the traditional model.

“In a growing number of cases around the world, renewable distributed generation technologies are more cost-effective than centralized installations that require transmission to population centers,” said research analyst Dexter Gauntlett. “In many ways, momentum is shifting to distributed, renewable sources that give consumers more control over the electricity they consume and generate. But in order to reach its full potential, the renewable distributed energy sector will require continued innovation in business models, technology development, utility participation, and investment in an uncertain economic climate.”

The large majority of new installations will be solar photovoltaic, said Pike Research. Solar PV manufacturers have been able to drive down costs and scale up production. Worldwide solar PV module production capacity reached an estimated 50 GW by the end of 2011, according to the report, as module costs dropped from roughly $4 per watt in 2006 to $1 per watt in 2011. New solar PV additions will total 210 GW from 2012 to 2017, the report concludes.

Publication date: 9/3/2012

Did you enjoy this article? Click here to subscribe to The NEWS Magazine

You must login or register in order to post a comment.



Image Galleries

2014 Energy Efficiency Forum

Highlights from the 25th annual Energy Efficiency Forum in Washington, D.C.


NEWSMakers: Jeremy Begley

Jeremy Begley, home-performance specialist and Web and social media manager with National Heating and Air Conditioning Co. in Cincinnati discusses how and why you should add home-performance philosophies to your contracting repertoire. Posted on Sept. 12.

More Podcasts


NEWS 09-15-14 cover

2014 September 15

Check out the weekly edition of The NEWS today!

Table Of Contents Subscribe

Venting R-22

The NEWS reported that a man received prison time for venting R-22. Should EPA step up enforcement?
View Results Poll Archive


2014 National Plumbing & HVAC Estimator

Every plumbing and HVAC estimator can use the cost estimates in this practical manual!

More Products

Clear Seas Research


Clear Seas ResearchWith access to over one million professionals and more than 60 industry-specific publications, Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.


Magazine image
Register today for complete access to ACHRNews.com. Get full access to the latest features, Extra Edition, and more.


facebook icontwitter iconyoutube iconLinkedIn i con