04 Mar '13, 6pm

How to Follow Renewable Energies into Emerging Markets

An alternative approach is to try to identify early stage market opportunities. Rather than looking for ambitious statements of intention, look for countries that can genuinely benefit from renewable energies. Take the Kingdom of Saudi Arabia, for instance: the Middle East is nothing more than a blip in IEA’s forecasts at this point, but the country has announced one of the world’s most ambitious renewable energy programs (Exhibit 4). While it is likely that the program will start later and run smaller than intended, there are bona-fide reasons for the adoption of renewable energies in Saudi Arabia: i) given the reduction of wind and PV costs (and the potential of CSP to do so) renewable energies can already displace some types of fossil fuel generation, freeing oil to sell in international markets; ii) the country and its major companies have the funds necessary to suppor...

Full article: http://www.renewableenergyworld.com/rea/blog/post/2013/03...

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