Greentech Industry
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GREENTECH INDUSTRY INDEX USA 6 Summary 7 Actual Country Situation 8 Tendencies 8 Government Plans for the Sector 13 SWOT Analysis 16 Market Evolution 17 Demand Analysis 18 Evolution of Demand 20 Multilateral Organisms 20 Technical Barriers – Non-tariff Barriers 21 List of Renewable Energy Companies in the US Industry 22 Identification of Market Opportunities 23 Specific Opportunities for the RYME’s Companies 23 Global Opportunities in the Industry 25 Strategic Partners 26 Implementation, Legal Requirements 27 Contact List of American RYME’s Companies 28 Renewable Energy and Water Technology Sectoral Events 29 Green Certificate 29 Appendants 31 Brazil 32 Summary 33 Actual Country Situation 34 Tendencies 34 Governmental plans for the sector 39 SWOT Analysis 40 Market Evolution 40 Demand Analysis 41 Evolution of Demand 42 Multilateral organisms 43 Technical barriers – Non-tarrif Barriers 45 Competition. Local and international companies in Brazil 45 List of Renewable Energy companies in Brazil and industry 46 RYME’s companies positioning in the market 46 Identification of Market Opportunities 46 Specific Opportunities for the RYME’s Companies 46 Global Opportunities in the industry 48 Strategic Partners 49 Contacts list of RYME’s companies in Brazil 49 Renewable Energy Sectorial Events 50 Green Certificate 50 Appendants 51 France 52 Summary 53 Actual Country Situation 54 Tendencies 54 Governmental plans for the sector 55 SWOT Analysis 56 Market Evolution 57 Demand Analysis 58 Evolution of Demand 58 Multilateral organisms 59 Technical barriers – Non-tarrif Barriers 60 List of Renewable Energy companies in France and industry 60 Spanish companies positioning in the market 61 Identification of Market Opportunities 62 Specific Opportunities for the RYME’s Companies 62 Global Opportunities in the industry 62 Strategic Partners 63 Contacts list of RYME’s companies in France 63 Renewable Energy Sectorial Events 64 Green Certificate 64 Appendants 64 Spain 66 Summary 67 Actual Country Situation 68 Tendencies 68 Governmental plans for the sector 71 SWOT Analysis 72 Market Evolution 73 Demand Analysis 73 Evolution of Demand 74 Multilateral organisms 76 Analysis of the Spanish RYME’s companies Offer 77 Technical barriers – Non-tariff Barriers 79 Situation of Spanish companies in the market 79 Identification of Market Opportunities 80 Specific Opportunities for RYME’s Companies 80 Global Opportunities in the industry 80 Strategic Partners 81 Implementation, legal requirements 82 Renewable Energy and Water Technology Sectorial Events 83 Green Certificate 83 Appendants 83 Portugal 84 Summary 85 Actual Country Situation 86 Tendencies 86 Govermmental Plans for the Sector 87 SWOT Analysis 89 Market Evolution 89 Demand Analysis 90 Evolution of Demand 91 Multilateral Organisms 91 Technical Barriers – Non-tariff Barriers 92 Spanish Companies Position in the Market 93 Identification of Market Opportunities 93 Specific Opportunities for the RYME’s Companies 93 Global Opportunities in the Industry 93 Strategic Partners 94 Implementation, Legal Requirements 95 Contact List of Portuguese RYME’s Companies 96 Renewable Energy Sectoral Events 98 Green Certificate 98 Appendants 98 USA 6 SUMMARY This market study explores the renewable energy sector in the U.S. and pos- sible opportunities of doing business between RYME and North American companies operating in the sector of advanced technologies and global vision of the sector industry. The US solar industry experienced a transformative 2013, with a prolif- eration of physical assets, installed capacity and new finance mechanisms. The wind industry raced to begin projects by end-2013 in order to receive production tax credits. The next few years, 2014 in particular, will be marked by new advancements in these sectors as rooftop and utility-scale solar con- tinue to mature, utilities grapple with changing business models and inves- tors continue the search for opportunities that offer the greatest yield. This market research comprises the following: – Tendencies in the Renewable Energy Sector. – Government plans for the sector. – Description of strengths, weaknesses, opportunities and threats in energy sector. – American multilateral organism supporting the market development. – Non-technical barriers to market entry. – Specific and global Opportunities for RYME’s companies sector. – Strategic Partners. – Legal Requirements. – List of American companies as potential business partners. – Renewable Energy sector annual Events. – Green Certificates. 7 ACTUAL COUNTRY SITUatION Tendencies The importance of state-set Renewable Portfolio Standards in the US is declining as many jurisdictions have met or exceeded them. The trends are for greater use of environmental regulation, state emission initiatives such as the California carbon market, and the extension of tax-efficient structures for clean energy investment. 1 US States with Renewable Portfolio Standards, and those without Source: DSIRE: Database of Energy Efficiency, Renewable Energy in U.S.A. Low electricity demand growth and continued increases in electricity generation capacity, fueled by natural gas and renewable energy, which when combined with environmental regulations put pressure on coal use in the electric power sector. In some cases, coal’s share of total electricity generation falls below the natural gas share through the end of the projec- tion period. 1 Global trends in renewable energy investment 2013 Bloomberg 8 2 U.S. Electricity Demand Growth, 1950-2040 (Percent, 3-year moving average) Source: EIA, Energy Information Administration After being neck-and-neck with the US in 2011, China was the dominant country in 2012 for investment in renewable energy, its commitments rising 22% to $67 billion, thanks to a jump in solar investment. But there were also sharp increases in investment for several other emerging economies, including South Africa, Morocco, Mexico, Chile and Kenya. VC/PE, public markets, and asset finance investiment in renewable energy in China by sector. 2012. $BN Asset finance Public markets VC/PE Total Wind 27.2 0.9 _ 28.1 Solar 24.7 1.1 0.01 25.7 Small Hydro 2.7 0.01 – 2.7 Biomass & w-t-e 2.5 – – 2.5 Biofuels 0.04 – – 0.04 Total 57.1 2.0 0.0 59.1 3 Finance Investment in Renewable Energy in China By Sector 2012 Source: UNEP, Bloomberg New Energy Finance 2 http://www.eia.gov/forecasts/aeo/MT_electric.cfm 3 Global trends in renewable energy investment 2013 Bloomberg 9 4 Finance Investment in Renewable Energy in Africa by Country 2012 Source: UNEP, Bloomberg New Energy Finance Activity trends were downbeat in many, but not all, developed econo- mies. Policy uncertainty took a heavy toll of investment in the US – down 34% at $36 billion – and also in former renewable energy early-movers such as Italy and Spain. USA leads particularly in private sector metrics, with US start-ups con- sistently attracting capital from both local and international investors. On the other hand, a lack of energy or environmental consistency with regard to federal policy has led to a degree of uncertainty on the future of the pub- lic sector’s role in promoting a renewable and low-carbon future. Nonethe- less, the Obama administration has put forth a climate plan that proposed a cut in carbon emissions from power plants of 30 percent by 2030. Investment in specialist renewable energy companies by public market inves- tors dropped 61% to $4 billion, while that by venture capital and private equity investors fell 30% to $4 billion, the lowest since 2005. Corporate and govern- ment research and development spending, however, edged up 1% to 10 billion. The main reason for the 12% decline in 2012 was investor concern over policies to support renewable energy in its longest-established markets, Europe and the US. In part this was a case of uncertainty – developers, equity providers and lenders were unsure about whether commitments to 4 Global trends in renewable energy investment 2013 Bloomberg 10 subsidize renewable energy deployment would continue beyond scheduled expiry dates in countries like the US, the UK and Germany. In part it was a case of actual action – Spain’s late- 2010 retroactive cuts in tariff support for existing PV projects were followed in 2012 by further negative developments in the same country (a moratorium over feed-in tar- iff support for all new projects, and a tax on the revenues of clean power plants), and in Italy (a tight cap on capacity eligible for feed-in tariffs). 5 Continued strong growth in domestic crude oil production over the next decade – largely as a result of rising production from tight formations – and increased domestic production of natural gas; 6 Petroleum and other liquid fuels supply by source 1970-2040 Source: EIA, Energy Information Administration The potential for even stronger growth in domestic crude oil production under alternative conditions. Evolving natural gas markets that spur increased use of natural gas for 5 http://www.eia.gov/forecasts/aeo/pdf/0383(2013).pdf 6 http://www.eia.gov 11 electric power generation and transportation and an expanding natural gas export market. A decline in motor gasoline consumption over the projection period, reflecting the effects of more stringent corporate average fuel economy (CAFE) standard, as well as growth in diesel fuel consumption and increased use of natural gas to power heavy-duty vehicles. There was also negative impact on investment levels stemming from other factors, notably pressure on utility balance sheets in some European countries, the low natural