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Renewable Energy Explosion in Emerging Countries by 2020

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Renewable Energy Explosion in Emerging Countries by 2020

Unread postby Graeme » Sat 15 Dec 2012, 16:44:32

Renewable Energy Explosion in Emerging Countries by 2020

Driven primarily by the rapidly expanding economies of China and India, renewable energy in emerging countries is expected to increase dramatically by the end of the decade, says business intelligence provider GlobalData in a new study.

According to the company’s latest report, India, Mexico, China, South Africa, Russia, Brazil and Indonesia will more than triple their combined renewable energy installed capacity in the near future – from an estimated 127 gigawatts (GW)in 2012 to 403 GW by 2020, at a Compound Annual Growth Rate (CAGR) of 14.1%.


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