Tallahassee, FL A new report from the International Energy Agency asserts that by 2016 total power generation from renewables will exceed that from gas. Moreover, twice as much electricity will be generated worldwide from hydro, wind, solar and other renewable sources than from nuclear power plants.
"As their costs continue to fall, renewable power sources are increasingly standing on their own merits versus new fossil fuel generation."
These predictions are contained in the IEA’s second annual Medium-Term Renewable Energy Market Report.
An Executive Summary of this report is also available, as are the slides that were presented when IEA Executive Director Maria van der Hoeven described the report during her Keynote Address at the recent Renewable Energy Finance Forum in New York.
“As their costs continue to fall, renewable power sources are increasingly standing on their own merits versus new fossil fuel generation,” Ms. van der Hoeven said. The major impediment to increased generation from renewables is policy uncertainty, which hinders attempts to attract private sector investment.
According to Dr. Marilyn J. Young, President & CEO at RussTech Language Services, Inc. – a leading provider of technical translations to the energy sector – companies also face a formidable language barrier when interacting with regulators, business partners, and potential customers in overseas markets. “No one wants to struggle through an engineering document or user manual written in a foreign language,” Dr. Young said. “People prefer to read about new products and services in their own language.” This is particularly true of regulatory agencies and licensing bodies in other countries, which almost always require that submissions be made in the local vernacular.

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