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It has long been acknowledged that the commercial
opportunities in the so called 'BRIC' markets - Brazil, Russia, India
and China - remain significant for energy players. However, new
research highlights the fact that, while these opportunities are
substantial, major challenges need to be overcome if these
opportunities are to be successfully commercialized. Already, the BRIC
markets are heavily intensive and voracious energy consumers. Despite
accounting for just 9% of global GDP, the BRIC markets consume 27% of
the world's primary energy, 17% of its oil, 19% of its gas demand and
around half of global coal demand. With the continuous growth in
energy demand, it is becoming increasingly clear that reliance on oil
and coal as the principle source of energy is an unsustainable long
term position. This has lead to a robust development and increasing
adoption of renewable energy sources - solar power, wind power,
hydroelectricity/micro hydro, biomass and biofuels for transportation
– within these markets.
The current report, Developments in the Renewable Energy Markets in
BRIC undertakes a thorough analysis of the renewable energy markets in
Brazil, Russia, India, and China. The report begins with an overview
of the global energy industry looking at the rising energy consumption
trend apparent everywhere, the world’s energy reserves, the future of
world energy, among other points. Moving on to the BRIC countries,
each country-wise analysis includes first and foremost an analysis of
the energy industries in Brazil, Russia, India, and China, and an
overview of the global renewable energy industry.
Report further analyzes each country separately and looks at the
renewable resources available in that country, be it wind power, hydro
power, or biofuels; the major players in the country’s renewable
energy market; and significant ongoing or proposed projects.
Regulatory framework governing renewable energy in all four countries
are analyzed in-depth, along with a future outlook provided for each
country. The report contains analysis of major players such as
Kyocera, Petrobras, Hydro OGK, Iberdola Renovables, Viva Solar, Suzlon
Energy, Vestas, Shell, Suntech Power, and many others.
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