Latest News- Renewable Energy Investment Market: Asset finance is expected to lead the Type segment during 2024-2028

The Renewable Energy Investment Market is being driven by Supportive government policies

The Renewable Energy Investment Market is expected to grow at a CAGR of 8.11% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 181.9 billion. In the renewable energy investment market, utility-scale renewable energy projects, which exceed 10 MW in capacity, are subject to unique considerations due to their size and customized nature. These projects are significantly influenced by state and local policies and initiatives, designed to streamline development and reduce impediments through financial mechanisms such as tax incentives and clean energy targets. However, determining the cost-effectiveness and efficiency of renewable energy versus traditional electricity generation sources can be challenging for stakeholders, necessitating a thorough analysis of the economic landscape and regulatory frameworks. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Type
  • Asset finance
  • Small distributed capacity
• Geography
  • APAC
    • China
    • Japan
  • North America
    • US
  • Europe
    • Germany
  • South America
    • Brazil
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Supportive government policies
• Growing demand for renewable energy sources
• Increase in investments in clean energy technologies

However, the market also witnesses some limitations, which are as follows:

• Competition from fossil fuels
• Intermittency in solar power generation
• High cost of clean energy technologies

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Market Scope in Renewable Energy Investment Market Research Report

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Research Analysis Overview

The renewable energy investment market is experiencing significant growth as the world shifts towards decarbonization and grid resilience. The Tax-credit transfer market is playing a crucial role in facilitating investments in renewable energy projects, particularly in the context of clean energy laws and renewable portfolio standards. According to the International Energy Agency (IEA), renewable energy capacity additions are expected to increase by 50% by 2025, driven by utility-scale solar and offshore wind. Policy developments, including carbon reduction targets and the Paris Agreement, are pushing for a rapid transition to renewable energy sources. The UN Climate Change's Energy Transitions Stocktake reports that renewable energy investments reached USD300 billion in 2020. The infrastructure investment in renewable energy is also essential for energy security and affordability. Generative artificial intelligence is being used to optimize renewable energy generation and power system integration, making the energy transition more efficient and cost-effective. The demand for biofuels is also increasing, and advancements in wind and solar technology are making these sources increasingly competitive with traditional energy sources. Federal investments in renewable energy are crucial for the growth of the sector, particularly in areas such as manufacturing and research and development. The electricity generation mix is shifting towards renewable sources, with renewable energy accounting for over 30% of global electricity generation in 2020. However, challenges remain, including the energy crisis and the need for energy transitions to be equitable and just for all.

Market Research Overview

The global renewable electricity market encompasses businesses involved in the production and distribution of electricity derived from sustainable sources. This market scope encompasses the consolidated revenue of independent power producers, gas and power marketing and trading experts, integrated energy merchants, and renewable electricity providers. Additionally, it includes manufacturers of raw materials and equipment utilized in the solar power sector. The expansion of the global renewable electricity market is propelled by several factors, including supportive policies and ambitious targets for the deployment of renewable power. Over the past decade, the adoption of renewable energy sources has witnessed substantial growth due to these effective initiatives.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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