Clean Energy Infrastructure
- Situation
- The U.S. solar industry is an .5 billion market with over 360,000 systems in place as of yearend 2014
- As of 2014, cumulative operating PV solar capacity has now exceeded 15 GW mark; through the first half of 2014, more than a half-million homeowners and commercial customers have installed solar PV
- Technology costs have fallen as solar markets have scaled (the cost of average solar system prices has declined 60% since 2006)
- Up to 100 GW of U.S. coal and nuclear energy to be retired by 2020
- Clean energy costs are expected to decline significantly in the coming decade
- Continuing low natural gas prices as an inhibiter
- Continuing capital markets constraints
- $15 billion annual government subsidies of fossil fuels
- Market Opportunities
- U.S. clean energy market (pharmacy no rx) projected to grow annually 12% to 14% to 2016
- Investment in the U.S. clean energy sector surpassed $100 billion in 2012-2013
- Aggregate market forecast to grow 8-10% per year (certain subsegments growing 15-50% per year)
- Solar capacity additions have exhibited a CAGR exceeding 50%, with strong gains anticipated in the coming years
- Renewable Portfolio Standards (RPS) mandate the percentage of electrical energy from renewable sources in 29 states, as of yearend 2014
- Renewable energy is expected to account for 60% of new capacity and 65% of all power investment by 2030 globally
- NewWorld Investment Focus
- Commercial & Industrial-scale or small utility-scale solar PV
- Emergent opportunities in residential solar (such as solar gardens)
- Utility-scale wind projects
- Small-scale or low-head hydroelectric power projects
- Ground-source heat pump systems
