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Environment-Friendly Renewable Energy Market Exhibits Considerable Development in Australia and New Zealand

Posted on: Monday, 30 April 2007, 00:00 CDT

Research and Markets (http://www.researchandmarkets.com/reports/c55260) has announced the addition of the Frost & Sullivan report: ANZ Renewable Energy Markets to their offering.

This Frost & Sullivan research service titled ANZ Renewable Energy Markets provides a comprehensive study of the various types of renewable energy technologies which are used for generating environment friendly power that provides a thorough analysis of the key market trends, competitive scenario, output trends, end-user trends, and revenue forecasts of each technology that impact the overall renewable energy industry. In this research service, expert analysts thoroughly examine the following markets: wind power, solar PV systems, biomass power, small hydropower and geothermal power.

Technologies

The following technologies are covered in this research:

Wind power

Solar photovoltaic systems

Biomass power

Small hydropower

Geothermal power

Topics Covered 1. Executive Summary 2. Total ANZ Renewable Energy Market 3. ANZ Wind Power Market 4. ANZ Solar Photovoltaics Power Market 5. ANZ Biomass Power Market 6. ANZ Small Hydropower Market 7. ANZ Geothermal Power Market

Summary

Environment-friendly Renewable Energy Market Exhibits Considerable Development in Australia and New Zealand

The Australia-New Zealand (ANZ) renewable energy market provides lucrative opportunities for companies that specialize in consulting, engineering, and construction work of renewable energy projects- especially in the areas of wind and solar PV systems both for on-grid and off-grid applications. Rising global concern to curb the greenhouse gas emissions has led the government to support environment-friendly power generating technologies to ensure energy supply security and reduce dependence on conventional power generation technologies.

The government is providing ample support to project developers through market-friendly legislation. "According to the Mandatory Renewable Energy Target (MRET) scheme introduced by the Federal Government in Australia and various other state schemes and incentive programs, wholesale purchasers of electricity are legally bound to purchase power generated through renewable energy technologies," says the analyst of this research service. More incentives and appropriate framework is likely to encourage the project developers and drive the overall renewable energy market.

Lucrative Overseas Market and Considerable Public Acceptance Provides Competitive Advantage to the Renewable Energy Projects

Different renewable energy technologies exhibit different growth patterns in ANZ because of the availability of natural resources, structure of the electricity market, and economic viability of projects. Meanwhile, reliable power supply from the utility grid and a strong preference for diesel generator sets for back-up and base power application has constrained the market for renewable energy sources. These challenges are encouraging project developers to focus on overseas markets, which are proving profitable for equipment such as solar PV panels, solar water heaters, and wind power system components.

The acceptance of these technologies has been particularly high among the industrial end-user segment as well as the public at large, especially in the urban areas. "Market participants can also feel encouraged by the presence of substantial potential sites for development," notes the analyst. "This reduces the period of construction, which gives it a huge advantage over the conventional power generation projects for utilities." This benefit has enabled the technology to successfully meet captive power generation needs.

For more information visit http://www.researchandmarkets.com/reports/c55260

Source: Business Wire

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