Feb 3 2011
Research and Markets has declared the availability of a new report titled, ‘Renewable Energy in Australia’, in their offerings. The report discusses about both the drivers and the barriers in renewable energy development in Australia.
The report indicates that though Australia is blessed with abundant renewable energy sources and provides good opportunities for renewable energy, the country still depends on incentives provided by the government and other regulatory frame works for the development of renewable energy.
The report discusses in detail and provides analysis on total installed capacities of renewable energy power production, and output from each of the important renewable energy sources all over Australia at the state as well as the national level and the anticipated growth prospective of each renewable energy technology. The report provides an assessment of the introduction of new technologies, and opportunities available for the manufacturers and power supplying companies.
The report estimates the potential renewable energy outlook of Australia to understand how the laws of the Australian government and renewable energy market trends are determining the growth of the renewable energy market. It also indicates how the renewable energy strategies are likely to be formulated in future and how the companies, which want to enter the renewable energy markets of Australia should react. The report estimates that the country needs around A$45bn as private investment to build up a 20 GW renewable power production capability that is presently under development. It indicates that the country needs to add around 14 GW of renewable energy sources to meet its Large-scale Renewable Energy Target (LRET) demands by the year 2020.