Q1 2015 Renewable Energy Market Analysis

Europe, previously the largest renewable energy market in the world for many years, has recently been overtaken by Asia-Pacific. Coal-based power plants dominate the energy mix of most countries in the Asia-Pacific region. Energy security, climate change mitigation and a need to reduce dependence on fuel imports have increased reliance on renewable energy technologies. Low manufacturing costs in China and India coupled with production overcapacities has allowed these countries to become the largest renewable energy equipment-manufacturing markets due to highly...

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