United States Renewables Report

Published 25 March 2015

  • 60 pages
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  • Includes 3 free updated quarterly reports
United States Renewables Report

BMI View: Growing priv ate investment and the Obama administration's commitment to supportive environmental regulations continue to foster t he prospects for renewable energy in the US . T he wind secto r will account for the majority of new capacity additions in 2015 and will remain the dominant renewable power source through 2024. However, protracted uncertainty surrounding the PTC scheme will keep the sector's development below potential. Conversely, we hold a bright outlook for the solar sector, as increasing private investment and the use of innovative financing vehicles will boost growth in both the utility-scale and the rooftop segments.

The sheer size of the US's renewables industry, in terms of installed capacity and generation, is undeniable. High levels of investment, encouraged by government subsidies and state-level renewable energy targets, have enabled the sector to expand rapidly over the past decade, driving the country to become a global renewables powerhouse.

We expect strong growth to continue over the coming quarter and through 2024, with total non-hydropower renewables capacity to grow at an average annual rate of 3.7% over the next 10 years. Supporting our positive view for the market, in March 2015 the US Energy Information Administration (EIA) announced renewables (wind and solar) will account for the majority of new power capacity additions in 2015.

Key Trends And Developments

  • In February 2015, solar developers First Solar and SunPower announced the creation of a yieldco financing vehicle. On March 10, the two companies confirmed plans to float a joint venture called 8point3 Energy Partners, which will have an initial portfolio of 432MW including six utility-scale solar projects.

  • In February 2015 technology firm Google signed a power purchase agreement with US-based NextEra Energy Resources to supply electricity to its North Bayshore headquarters in Mountain View, central California, US. Google will buy 43MW of...

Table of Contents

BMI Industry View
Industry Forecast
United States Renewables Forecast Scenario
Table: United States Total Electricity Generation, Historical Data & Forecasts, 2012-2017
Table: United States Total Electricity Generation, Long-Term Forecasts, 2018-2023
Table: United States Electricity Generating Capacity, Historical Data & Forecasts, 2012-2017
Table: United States Electricity Generating Capacity, Long-Term Forecasts, 2018-2023
United States Renewables Projects Database
Table: US Renewables Projects
Industry Risk Reward Ratings
United States Renewables Risk/Reward Ratings
Market Overview
Sustainable Energy Policy And Infrastructure
Targets (Renewables & Emissions)
Competitive Landscape
Siemens AG
Table: Glossary Of Terms
Methodology And Sources
Industry Forecast Methodology
Risk/Reward Ratings Methodology
Table: Renewables Risk/Reward Rating Indicators
Table: Weighting Indicators

The United States Renewables Report researched at source contains BMI Research's assessment of the current renewables market in United States. The report also contains historical data together with forecasts to end-2018 covering electricity generation (TWh) and electricity capacity (MW).

The renewables sectors covered in the report include Wind, Solar, Geothermal, Tidal and Wave, and Biomass (See Table of Contents for exact coverage). The report also features details on government green energy agendas and funding opportunities, as well as presenting a detailed list of key renewables projects currently being planned or undertaken in United States, their capacity, the timeframe of construction and their current status.

The report discusses the various energy policies currently in force, including targets, subsidies and the relevant infrastructure developments or limitations which might impact on renewables growth, analysing the potential effects of regulatory changes in conjunction with the background macroeconomic outlook. Finally, there is a general overview of the competitive landscape in United States, together with a detailed summary of the main utilities and manufacturers present and their business operations.

BMI's United States Renewables Report provides industry professionals and strategists, sector analysts, investors, trade associations and regulatory bodies with unique independent forecasts and competitive intelligence on the United States renewables industry.

Key Benefits

  • Benchmark BMI's independent renewables industry forecasts for United States to test other views - a key input for successful budgeting and planning in the renewables market.
  • Target business opportunities and risks in the United States renewables sector through our reviews of latest industry trends, regulatory changes and major deals, projects and investments in the country.


BMI Industry View

Summary of BMI's key industry forecasts, views and trend analysis covering the renewables market in United States, regulatory changes, major investments and projects and significant multinational and national company developments.

Industry SWOT Analysis

Analysis of the major Strengths, Weaknesses, Opportunities and Threats within the renewables sector and within the broader political, economic and business environment.

BMI Industry Forecasts

Historic data series (2010-2012) and forecasts to end-2018 for electricity generation (TWh) and electricity generating capacity (MW) for each individual renewables sector present in the country.

These in turn are broken down into:

Electricity Generation: Overall capacity (TWh), growth % change year-on-year, KWh per capita, % of Total Non-Hydropower renewables generation, % of total electricity generation.

Electricity Capacity: Overall capacity (MW), growth % change year-on-year, % of non-hydroelectric renewables capacity and % of total capacity.

These forecasts are in turn supported by explicit assumptions, in conjunction with analysis of the key risks to the main forecast.

Business Environment Rankings

BMI's Renewables Business Environment Rankings provide fully comparable Risk-Reward Rankings aimed at investors in the regional renewables market.

The rankings methodology makes sophisticated use of various industry, economic and demographic data point.

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'An essential, multi-faceted research tool. BMI’s thorough understanding of the major market players enables an informed – and informative – review of the sector’s actual performance, together with useful insights into current industry issues, which are topped-off with detailed and invaluable forecasts of industry and macroeconomic trends.’

Senior Research Analyst, ABC International Bank plc