Why Renewables?

There is a global shift in energy from fossil fuel to renewables leading world power market growth to 2020.

As costs fall and emerging economies drive growth, IEA report sees major opportunities. Main reasons for shift to renewables:

  • Recognition that fossil fuels cause global warming.
  • Geopolitical trends to become independent from turbulent fossil-fuel producing nations (Russia, Middle East...)
  • Fears from Nuclear Energy
  • “Peak-oil” theories and sustainability concerns
  • Better financing conditions
  • Attractive feed-in tariffs and state buying guarantees.