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Global focus towards reducing air pollution, curbing global warming emissions, and decreasing dependence on coal & other fossil fuels is positively influencing the adoption of renewable energy technologies. Moreover, incentives offered by the governments coupled with increasing cost competitiveness of renewable sources when compared with others of power generation are also boosting the demand for renewable power generation.
In terms of renewable energy installation, by technology, wind is a widely present renewable energy source, followed by solar, bio energy, and geothermal. It terms of adoption rate, solar is being widely adopted and deems to be a promising technology in the near future.
Some of the leading organizations present in the renewable energy value chain includes Ministry of Environment, Energy and the Sea (France), Ministry of New and Renewable Energy (India), Ontario Power Authority (Canada), Office of Gas & Electricity Markets, U.K. Government (U.K.), Ministry of Economy, Trade and Industry (Japan), Domion Virginia Power (U.S.), Tennessee Valley Authority (U.S.), Los Angeles Department of Water & Power (U.S.), Orcas Power & Light (U.S.), Green Mountain Power (U.S.), and Eugene Water & Electric Board (U.S.), among others.