The American Council On Renewable Energy (ACORE) has released a report that assesses the renewables marketplace and forecasts the future of various technology sectors.
Jointly authored by U.S. renewable energy trade associations, ‘The Outlook for Renewable Energy in America: 2014’ report highlights some findings from previous industry studies. ACORE says the articles in the report detail specific market drivers for the biofuel, biomass, geothermal, hydropower, solar, waste and wind energy sectors.
For this year, the report forecasts 26% overall growth in the U.S. solar market, with installations reaching nearly 6 GW. The authors expect growth in residential, commercial and utility segments – although at varying levels – with growth most rapid in the residential market.
‘The Outlook for Renewable Energy in America: 2014’ report is available here.