Biopower Likely to Dominate the Renewable Energy Market
Despite the high initial investments and difficulties in securing finance, biomass and waste-to-energy plants are expected to grow by 18 to 26 percent in the next ten years in terms of newly-installed electricity capacity alone. The analyst says, "Competition will be limited during the first five years, as the primary focus of market participants will be to install their first commercial plant and prove reliability and generate economies of scale". There will be a gradual increase in competition as different technologies are accepted and established in the market. Companies that are able to offer a one-stop shop solution from design to installation, maintenance, and financing have a better chance to capture substantial market share.
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