Industry Analysis & Industry Trends
The world's energy crisis has necessitated a radical shift among policy makers and energy companies alike. Increased awareness surrounding the effects of climate change has driven an aggressive decarbonising strategy, spearheaded by the Renewable Energy industry. The United Kingdom currently generates 8.6% of its total electricity from renewable sources, representing a significant increase from 1.5% in 2006. This has resulted from both government and industry, which have realised the importance of embracing a low-carbon future and the economic opportunities that lie therein.
The United Kingdom's Renewables Obligation Plan, instituted in 2002, set out clear objectives to generate 15% of the country's energy from renewable sources by 2020... purchase to read more
Industry Report - Starting a New Business Chapter
The barriers to entry in the Renewable Energy industry are high. Primarily posing a threat to future entrants is the initial cost of establishing the infrastructure required to generate renewable power. Large hydro and wind farm projects require significant capital to set up adequate facilities in order to make it a viable energy source. Additionally, costs relating to grid connection, upgrades and access can be prohibitive for some potential new players. Further, a high level of expertise is required to enter the industry given its focus on research and development, especially concerning finding and assessing potential renewable sites. There do however exist opportunities for niche entrants, given the barrier differences in entering various segments... purchase to read more