North and South America Renewable Energy Policy Handbook 2014

GlobalData
June 1, 2014
274 Pages - SKU: GBDT5258387
Countries covered: South America

North and South America Renewable Energy Policy Handbook 2014

Summary

“North and South America Renewable Energy Policy Handbook 2014” is the latest policy report from GlobalData, the industry analysis specialists that offer comprehensive information on major policies governing renewable energy market in the region. The report presents an in-depth analysis of the renewable energy policies across the major countries in North and South America namely the US, Canada, Argentina, Brazil and Mexico. It also presents the major renewable policy frameworks in place in some of the major states in the US and Canada. The report provides the current and future renewable energy targets and plans along with the present policy framework, giving a fair idea of overall growth potential of their renewable energy industry. The report also provides major technology specific policies and incentives provided in each of these countries. The report also provides insights to major policy initiatives for the market development of renewable energy sources such as wind, solar, geothermal, biopower and biofuels.

The report is built using data and information sourced from industry associations, government websites and statutory bodies. The information is also sourced through other secondary research sources such as industry and trade magazines.

Scope
  • The report covers policy measures and incentives used by the major countries in North and South America region to promote renewable energy.
  • The report details promotional measures in different countries both for the overall renewable energy industry and for specific renewable energy technologies namely solar, wind, geothermal, hydro and bioenergy.
  • The report also highlights the differences and focus of the renewable energy policy frameworks in different countries in North and South America.
  • The report provides a platform for comparison of various renewable energy policies across countries. Major countries include the US, Canada, Argentina, Brazil and Mexico.
Reasons to buy

The report will enhance your decision making capability in a more rapid and time sensitive manner. It will allow you to -
  • Develop business strategies with the help of specific insights about policy decisions being taken on renewable energy by different markets.
  • Identify opportunities and challenges in exploiting the renewable energy markets.
  • Compare the level of support provided to different renewable energy technologies in different countries.
  • Increase future revenue and profitability with the help of insights on the future opportunities and critical success factors in the renewable energy market.
  • Be ahead of competition by keeping yourself abreast of all the latest policy changes.


Additional Information

Report Excerpt

Executive Summary

Renewable Power Growth in the US andCanada Supported by Strong Local Policies

The US and Canada are global leaders inrenewable power generation. The growthmomentum of their renewable industries hasprimarily been driven by the support mechanismsprovided by federal and state governments.Although both countries have federal regulations inplace for renewable industry, states and provinceswith strong policy frameworks have been theleading contributors to installed capacity, and thepattern of development has largely beendependent on the support mechanisms provided.

In the US, the growth of the renewable energyindustry has been led by the state-level RenewablePortfolio Standards (RPS), combined with other taxincentives and subsidies. California and Texas,which have been providing policy support to therenewable energy industry for more than a decade,are the leaders in renewable capacity in the US.

The Canadian government is supporting renewableenergy with its ecoEnergy program, and Ontario,with its comprehensive Feed-in Tariff (FiT)program, is the leading province in terms ofrenewable power capacity.

Extension of Production Tax Credit andChange in Clause to Stimulate US Wind PowerInstallations in the near Future

The growth of the wind industry in the US hasprimarily been facilitated by the supportmechanisms provided by the federal and stategovernments. The Production Tax Credit (PTC) iscredited as being one of the most importantpolicies in terms of driving the US wind powerindustry, and provides an income tax credit forfacilities placed in service before the expiry date.

Since its inception, the PTC has expired seventimes, and each expiry has led to a sharp declinein annual installed capacity. In 2012, when thePTC was due to expire, the tax credit wasextended for an additional year for wind powerfacilities. This extension also changed the scope ofthe projects that are eligible for PTC, meaning thatall wind power projects for which construction hadstarted by the end of 2013 would be eligible forPTC once the facility became operational. Thischange in the scope of eligibility stimulated theconstruction of a high number of projects by theend of 2013, and is expected to lead to increasedannual wind power capacity over the next two tothree years, in contrast with the decline observedwhen the PTC has expired in previous instances.

Renewable Power Growth in the US and Canada Supported by Strong Local Policies

The US and Canada are global leaders in renewable power generation. The growth momentum of their renewable industries has primarily been driven by the support mechanisms provided by federal and state governments. Although both countries have federal regulations in place for renewable industry, states and provinces with strong policy frameworks have been the leading contributors to installed capacity, and the pattern of development has largely been dependent on the support mechanisms provided. In the US, the growth of the renewable energy industry has been led by the state-level Renewable Portfolio Standards (RPS), combined with other tax incentives and subsidies. California and Texas, which have been providing policy support to the renewable energy industry for more than a decade, are the leaders in renewable capacity in the US. The Canadian government is supporting renewable energy with its ecoEnergy program, and Ontario, with its comprehensive Feed-in Tariff (FiT) program, is the leading province in terms of renewable power capacity.

Extension of Production Tax Credit and Change in Clause to Stimulate US Wind Power Installations in the near Future

The growth of the wind industry in the US has primarily been facilitated by the support mechanisms provided by the federal and state governments. The Production Tax Credit (PTC) is credited as being one of the most important policies in terms of driving the US wind power industry, and provides an income tax credit for facilities placed in service before the expiry date. Since its inception, the PTC has expired seven times, and each expiry has led to a sharp decline in annual installed capacity. In 2012, when the PTC was due to expire, the tax credit was extended for an additional year for wind power facilities. This extension also changed the scope of the projects that are eligible for PTC, meaning that all wind power projects for which construction had started by the end of 2013 would be eligible for PTC once the facility became operational. This change in the scope of eligibility stimulated the construction of a high number of projects by the end of 2013, and is expected to lead to increased annual wind power capacity over the next two to three years, in contrast with the decline observed when the PTC has expired in previous instances.

ecoEnergy Initiatives and Provincial Policies to Boost Renewable Energy in Canada

Canada is a leading country in terms of the use of renewable energy resources for electricity generation and heating. In 2013, renewable energy, including small hydropower, accounted for 8.9% of its electricity generation. Wind power is the most prominent source of renewable energy, generating around 39% of Canada’s renewable total – including hydropower – in 2013. The Canadian government is using both ecoEnergy and FiTs to develop its renewable energy sector and promote the use of renewable energy in the country. ecoEnergy is an umbrella program that covers various federal incentives to promote renewable energy production. The government has invested approximately $5 billion in ecoEnergy initiatives to provide FiTs, fund renewable energy projects, finance technology initiatives, and support energy efficiency in various sectors.

Canada does not currently have a federal target in place for the production of power through renewable energy technologies, as the federal government has authorized each province to develop its renewable power markets individually, meaning each province has its own policy framework. The Ontario FiT program is the region’s first comprehensive price-guarantee system for renewable power generation, while the Renewable Energy Standard Offer Program (RESOP) and the sales tax rebate initiative are other programs supporting the development of the solar power market in Ontario. Additionally, net metering, which is offered in Ontario, Quebec, British Columbia and Nova Scotia, is also supporting solar power generation in Canada.

Mexico's National Energy Strategy to Drive Renewable Power Capacity

Mexico possesses substantial reserves of coal, oil and gas, and its power sector is currently dominated by these sources, which jointly account for 70% of its power capacity. Renewable power capacity increased at a Compound Annual Growth Rate (CAGR) of 9% between 2000 and 2013, increasing from 1.23 Gigawatts (GW) in 2000 to 3.85 GW in 2013. In 2012, the government introduced the National Energy Strategy, which established a roadmap for energy policies to be implemented over the next 15 years, and set a specific goal for the generation of 35% of electricity from non-fossil sources, in order to reduce Greenhouse Gas (GHG) emissions. The target under this strategy also limits the share to be accounted for by generation from fossil fuel technologies to 60% by 2035 and 50% by 2050. The strategy is expected to encourage the use of renewable sources for power generation.

Sector

Renewable Energy

Country

North and South America

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