BMI View: Ongoing governmental support by the Obama administration continues to foster prospects forrenewable energy in the US as private investment levels rise. While wind energy remains the strongestsector in overall capacity terms and will also experience the majority of added capacity in 2015, protracteduncertainty surrounding the PTC scheme undermines wind power reaching its true potential. Conversely,we hold a bright outlook for the solar sector, due to innovative financing vehicles in both the utility-scaleand the rooftop segment, and particularly for residential installations due to prospects of 'smart' solar.
Over the past years, the US has increasingly shifted towards becoming a global renewables powerhouse. In2014, the country had the highest level of renewable energy in its overall energy consumption since the1930s, when wood was still a crucial part of its energy supply. The country boasts a large renewablesindustry as well as high installed capacity and generation levels, in terms of sheer numbers. Thecombination of government subsidies and state-level renewable energy targets and policies have led to highlevels of investment and enabled the sector to expand rapidly over the past decade. Nonetheless, support forrenewable energy installations differs between states, leading to significant imbalances of renewable shareswithin the US.
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