The global economic crisis will slow down investment in renewable energy projects, including wind and solar projects in most of Europe – and that could lead to a longer-term setback in efforts to cut greenhouse-gas emissions.
That's the bad news out from a trio of reports Monday that laid out evidence that renewable energy projects are being put on hold in the midst of a worldwide credit crunch.
In Europe, the wind power market is showing signs of a slowdown from the double-digit growth rates of the past few years, a Monday report from Frost & Sullivan said. That will drive down prices for wind turbines and their components, forcing manufacturers to compete on bringing down prices, research analyst Gouri Nambudripad wrote...
Meanwhile, solar projects in Europe could be curtailed next year by the global economic crisis – but Germany, the largest solar market in the world, could prove to be an exception to this trend. That's the view that Thomas Weisel Partners heard from participants in the Solar Praxis conference in Berlin last week and laid out in a report released Monday...
It's not just wind and solar power that could lose ground as the economy continues to unwind. A whole host of lower-carbon energy sources, including new nuclear power plants, could be stalled or canceled – and that could lead to a long-term rise in greenhouse-gas emissions, according to a report released Monday from the French consulting firm Capgemini...
That's the bad news out from a trio of reports Monday that laid out evidence that renewable energy projects are being put on hold in the midst of a worldwide credit crunch.
In Europe, the wind power market is showing signs of a slowdown from the double-digit growth rates of the past few years, a Monday report from Frost & Sullivan said. That will drive down prices for wind turbines and their components, forcing manufacturers to compete on bringing down prices, research analyst Gouri Nambudripad wrote...
Meanwhile, solar projects in Europe could be curtailed next year by the global economic crisis – but Germany, the largest solar market in the world, could prove to be an exception to this trend. That's the view that Thomas Weisel Partners heard from participants in the Solar Praxis conference in Berlin last week and laid out in a report released Monday...
It's not just wind and solar power that could lose ground as the economy continues to unwind. A whole host of lower-carbon energy sources, including new nuclear power plants, could be stalled or canceled – and that could lead to a long-term rise in greenhouse-gas emissions, according to a report released Monday from the French consulting firm Capgemini...
