Over the past decade and a half a radical shift among policymakers and industry participants has occurred, with a focus on renewable energy. Increased awareness surrounding the impacts of climate change has driven an aggressive decarbonising strategy, spearheaded by the Renewable Energy Generation industry. Renewable sources accounted for 4.1% of final energy consumption in 2012, leaving the industry with plenty of work to do in order to meet the target of 15% by 2020, which was set by the European Union. To meet this target, 30% of UK electricity has to be generated from renewable sources. In 2013, just under 15% was produced this way.
This industry comprises establishments that generate energy from renewable natural resources such as sunlight, wind, tides and geothermal heat. It only includes the generation of energy from sources that are inexhaustible and can be replenished indefinitely, unlike fossil fuels such as coal. This industry does not include the transmission or distribution of renewable energy.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.