The Green Power Market: An Overview of the Growing Demand for Sustainable Energy

<!DOCTYPE html> <html lang="en-US"> <head> <meta charset="UTF-8" /> <title>The Green Power Market: An Overview of the Growing Demand for Sustainable Energy | AltEnergyMag</title> <meta name="description" content="As the world becomes increasingly concerned about the impact of human activity on the environment, the demand for renewable energy sources is growing at an unprecedented rate. One of the fastest-growing segments of the renewable energy market is green power, which includes sources like solar, wind, and geothermal power. The estimated value of the worldwide green power market in 2021 was US$ 47.41; by 2030, it is anticipated to reach US$ 126.7 billion, with a CAGR of 11.54% from 2022 to 2030." /> <meta name="keywords" content="Robotics, Robotics Industry, Robotics News, Robotics Articles, Robotics technology, Robotics Companies, Robotics conferences, Robotics Resources, robot, robots, industrial robots, personal robots, news, events, magazine, emagazine, newsletter, ezine, jobs, training, automation, artificial intelligence" /> <meta http-equiv="Content-Type" content="text/html; charset=utf-8" /> <meta name="verify-v1" content="Gd5bn2Fv0fmXodfJY9HnK1cuDfL7PODJPWYBsULsmuU=" /> <meta name="google-site-verification" content="68_etqDjiZor63Dbd4bqe4HhUVmEj52xarwhIQeEiuU" /> <meta name="google-site-verification" content="4WIcISyTNlZyTO4-Sj-HhZFlRZ6PlJUempyB0-5RcnA" /> <meta name="msvalidate.01" content="FAFAE9B495318FCA21E6E67E7EA6B91F" /> <meta name="msvalidate.01" content="5245D9C9E882DD34BDB43684DA55839C" /> <meta name="y_key" content="340a0850068ac3f9" /> <link rel="image_src" href="https://www.altenergymag.com/images/facebooknews.jpg" / > <meta property="og:type" content="article" /> <meta property="og:title" content="The Green Power Market: An Overview of the Growing Demand for Sustainable Energy | AltEnergyMag" /> <meta property="og:description" content="As the world becomes increasingly concerned about the impact of human activity on the environment, the demand for renewable energy sources is growing at an unprecedented rate. One of the fastest-growing segments of the renewable energy market is green power, which includes sources like solar, wind, and geothermal power. The estimated value of the worldwide green power market in 2021 was US$ 47.41; by 2030, it is anticipated to reach US$ 126.7 billion, with a CAGR of 11.54% from 2022 to 2030." /> <meta property="og:image" content="https://www.altenergymag.com/images/facebooknews.jpg" /> <meta property="og:url" content="https://www.altenergymag.com/news/2023/05/22/the-green-power-market-an-overview-of-the-growing-demand-for-sustainable-energy/39555" /> <meta name="robots" content="noodp,noydir" /> <meta name="viewport" content="width=device-width, initial-scale=1.0" /> <link rel="Shortcut Icon" href="/favicon.ico" type="image/x-icon" />  <link id='css-theme-css' href='/css/style.min.css' type='text/css' media='all' rel="preload" as="style" onload="this.onload=null;this.rel='stylesheet'" /> <link id='css-theme-css' href='/css/responsive.min.css' type='text/css' media='all' rel="preload" as="style" onload="this.onload=null;this.rel='stylesheet'" /> <link id='css-theme-css' href='/css/forms.min.css' type='text/css' media='all' rel="preload" as="style" onload="this.onload=null;this.rel='stylesheet'" /> <noscript><link rel="stylesheet" href="/css/forms.min.css"></noscript> <link href='https://fonts.googleapis.com/css?family=PT+Sans:400,400italic,700,700italic|PT+Sans+Narrow:700,400|Raleway:400,500,600|Roboto:400,500,700,300,300italic,400italic,500italic,700italic' rel="preload" as="style" type='text/css' onload="this.rel='stylesheet'" /> <noscript><link rel="stylesheet" href="https://fonts.googleapis.com/css?family=PT+Sans:400,400italic,700,700italic|PT+Sans+Narrow:700,400|Raleway:400,500,600|Roboto:400,500,700,300,300italic,400italic,500italic,700italic" type="text/css"></noscript>  <script src="/js/jquery.js"></script> <script src="/js/jquery.easing.1.3.js" defer></script> <script type="text/javascript" src="/js/jquery.infieldlabel.min.js" defer></script>  <script type="text/javascript" src="/js/jquery.tools.min.js" defer></script>   <script async src=https://www.googletagmanager.com/gtag/js?id=G-DG2V5T696S></script> <script> window.dataLayer = window.dataLayer || []; function gtag(){dataLayer.push(arguments);} gtag('js', new Date()); gtag('config', 'G-DG2V5T696S'); </script> <script language="JavaScript" type="text/javascript">  </script> <script language="JavaScript" type="text/javascript"> var _gaq = _gaq || []; _gaq.push(['_setAccount', 'UA-3128949-4']); _gaq.push(['_trackPageview']); (function() { var ga = document.createElement('script'); ga.type = 'text/javascript'; ga.async = true; ga.src = ('https:' == document.location.protocol ? 'https://ssl' : 'https://www') + '.google-analytics.com/ga.js'; var s = document.getElementsByTagName('script')[0]; s.parentNode.insertBefore(ga, s); })(); </script> <script language="JavaScript" type="text/javascript"> $(document).ready(function() { $('#login-toggle .toggle_trigger').click(function() { $('#login-toggle .toggle_content').slideToggle(300); $(this).toggleClass('close'); }); }); </script> <script language="JavaScript" type="text/javascript"> $(document).ready(function() { $('#search-toggle .toggle_trigger').click(function() { $('#search-toggle .toggle_content').slideToggle(300); $(this).toggleClass('close'); }); }); </script>  <script> var _ctct_m = "6913f53599591226b47857816ae8ef9a"; </script> <script id="signupScript" src="//static.ctctcdn.com/js/signup-form-widget/current/signup-form-widget.min.js" async defer></script>  <script type="text/javascript"> function OnSubmitForm() { // Google Custom Search if(document.searchform.operation[0].checked == true) { document.searchform.action ="https://www.google.com/cse"; // Search Articles } else if(document.searchform.operation[1].checked == true) { document.searchform.action ="/streaming.php?search"; // Search News } else if(document.searchform.operation[2].checked == true) { document.searchform.action ="/streaming.php?search"; } // Search Companies else if(document.searchform.operation[3].checked == true) { document.searchform.action ="/company_directory_search.php#results"; } return true; } $(document).ready(function(){ $('input:radio[name="operation"]').change(function(){ // Google Custom Search if($(this).val() == 'g'){ $("#cse-search-box").find("input#nav_searchfield").attr("name", "q"); $("#cse-search-box").find("label#nav_searchlabel").attr("for", "q"); $("#cse-search-box").find("input#nav_search").attr("name", "sa"); $("#cse-search-box").attr("target", "_blank"); } // Search Articles if($(this).val() == 'a'){ $("#cse-search-box").find("input#nav_searchfield").attr("name", "all"); $("#cse-search-box").find("label#nav_searchlabel").attr("for", "all"); $("#cse-search-box").find("input#nav_search").attr("name", "search"); $("#cse-search-box").attr("target", "_self"); $("#cse-search-box").find("#nav-hidden.postfields input").attr("value", "a"); } // Search News if($(this).val() == 'n'){ $("#cse-search-box").find("input#nav_searchfield").attr("name", "all"); $("#cse-search-box").find("label#nav_searchlabel").attr("for", "all"); $("#cse-search-box").find("input#nav_search").attr("name", "search"); $("#cse-search-box").attr("target", "_self"); $("#cse-search-box").find("#nav-hidden.postfields input").attr("value", "n"); } // Search Companies if($(this).val() == 'c'){ $("#cse-search-box").find("input#nav_searchfield").attr("name", "keyword"); $("#cse-search-box").find("label#nav_searchlabel").attr("for", "keyword"); $("#cse-search-box").find("input#nav_search").attr("name", "search"); $("#cse-search-box").attr("target", "_self"); } }); }); </script> </head> <body class="content-column" itemscope="itemscope"> <a name="top" id="top"></a> <div class="site-container"> <div class="site-promo" itemscope="itemscope"> <div class="wrap"> <nav class="nav-promo" itemtype="https://schema.org/SiteNavigationElement" itemscope="itemscope" role="navigation"> <ul class="menu nav-menu">  <li class="menu-item"><a href="/whitepapers.php">White Papers</a></li> <li class="menu-item"><a href="/events.php">Events Calendar</a></li> <li class="menu-item"><a href="/products.php">Featured Products</a></li> <li class="menu-item"><a href="/company_directory_search.php">Company Directory</a></li> </ul> </nav> <div class="promo-banner">  <script type="text/javascript"> document.write('<scr'+'ipt src="//ljb.advertserve.com/servlet/view/banner/javascript/zone?zid=77&pid=2&random='+Math.floor(89999999*Math.random()+10000000)+'&millis='+new Date().getTime()+'&referrer='+encodeURIComponent(document.location)+'" type="text/javascript"></scr'+'ipt>'); </script> </div> <div class="promo-tile">  <script type="text/javascript" defer="defer"> document.write('<scr'+'ipt src="https://ljb.advertserve.com/servlet/view/pagepeel/javascript/zone?zid=95&pid=2&resolution='+(window.innerWidth||screen.width)+'x'+(window.innerHeight||screen.height)+'&random='+Math.floor(89999999*Math.random()+10000000)+'&millis='+new Date().getTime()+'&referrer='+encodeURIComponent((window!=top&&window.location.ancestorOrigins)?window.location.ancestorOrigins[window.location.ancestorOrigins.length-1]:document.location)+'" type="text/javascript"></scr'+'ipt>'); </script> </div> </div> </div> <header class="site-header" itemscope="itemscope" role="banner"> <div class="wrap"> <div class="title-area"> <div class="site-title" itemprop="headline"><a title="AltEnergyMag" href="https://www.altenergymag.com"><img src="/images/site-logo.png" alt="AltEnergyMag logo" /></a></div> <div class="site-description" itemprop="description"><p>Online Trade Magazine<br>Alternative Energy from Solar, Wind, Biomass, <br>Fuel Cells and more…</p></div> </div> <aside class="header-tools-area"> <section id="login-toggle" class="header-tool"> <div class="wrap"> <div class="toggle_trigger"><strong>Login</strong></div> <div class="toggle_content">  <section> <h2 class="entry-title aligncenter" itemprop="headline">Partner Login</h2> <div class="panel-content"> <p class="description">If you do not have an AltEnergyMag partner account, please <a href="/register.php">register</a> - it's free!</p> <form action="/site_services.php" method="post" name="form_login" id="form_login"> <div class="fieldgroup ifl"> <label for="username">Email Address</label><br /> <input type="text" name="username" id="username" value="" autocomplete="off" /> </div> <div class="fieldgroup ifl"> <label for="userpassword">Password</label><br /> <input type="password" name="userpassword" id="userpassword" value="" autocomplete="off" /> </div> <div class="fieldgroup"> <input name="LogIn" type="submit" class="button" id="LogIn" value="Login" /> </div> <p class="clear"></p> <div class="aligncenter description"> <a href="/register.php">Register Now</a> | <a href="/login_password.php">Forgot Password</a> </div> </form> </div> </section> </div> </div> </section> <section id="search-toggle" class="header-tool search"> <div class="wrap"> <div class="toggle_trigger"><strong>Search</strong></div> <div class="toggle_content"> <section> <h2 class="entry-title aligncenter" itemprop="headline">Site Search</h2> <div class="panel-content">  <form id="cse-search-box" name="searchform" class="search-form" onSubmit="return OnSubmitForm();" target="_blank">  <div class="fieldgroup"> <label for="q" id="nav_searchlabel" class="nav_searchlabel">Enter Keywords</label><br /> <span class="details">(separate each word with a space)</span><br /> <input id="nav_searchfield" type="text" name="all" value=""> </div>  <p class="description"><strong>Limit search to:</strong></p> <div class="one-half first"><input type="radio" name="operation" value="g"> <span class="description">Entire Site</span></div> <div class="one-half"><input type="radio" name="operation" value="a" checked="checked"> <span class="description">Articles</span></div> <div class="one-half first"><input type="radio" name="operation" value="n"> <span class="description">News</span></div> <div class="one-half"><input type="radio" name="operation" value="c"> <span class="description">Companies</span></div> <div class="clear"></div>  <input type="hidden" value="partner-pub-7134326806430346:3rk5pz-alqx" name="cx"> <input type="hidden" value="UTF-8" name="ie">  <input type="hidden" value="active" name="Search">  <div id="nav-hidden" class="postfields"> <input type="hidden" value="a" name="type"> </div> <div class="one-half first"><p><input type="submit" value="Search" alt="Search" name="search"></p></div> <div class="one-half"><p class="entry-meta"><strong><a href="/search.php">Advanced Search</a></strong></p></div> </form> </div> </section> </div> </div> </section> </aside> </div> </header> <nav class="nav-primary" itemtype="https://schema.org/SiteNavigationElement" itemscope="itemscope" role="navigation"> <div class="wrap"> <ul id="menu-primary-navigation-menu" class="menu nav-menu menu-primary"> <li class="menu-item"><a href="/">Home</a></li> <li class="menu-item"><a href="/stream/news/">News</a></li> <li class="menu-item"><a href="/main/solar-wind">Solar Power</a></li> <li class="menu-item"><a href="/main/evs-fuelcells">EVs and Fuel Cells</a></li> <li class="menu-item"><a href="/main/energy-storage">Energy Storage</a></li> <li class="menu-item"><a href="/main/other-energy-topics">Other Renewables</a></li> <li class="menu-item"><a href="/site_services.php">Site Services</a></li> </ul> </div> </nav> <div class="site-inner"> <div class="content-sidebar-wrap"> <main class="content" itemprop="mainContentOfPage" role="main"> <article class="page" itemtype="//schema.org/CreativeWork" itemscope="itemscope">     <div class="page-content" itemprop="text">  <div class="aligncenter bannerad">  <script type="text/javascript"> document.write('<scr'+'ipt src="//ljb.advertserve.com/servlet/view/banner/javascript/zone?zid=121&pid=2&resolution='+screen.width+'x'+screen.height+'&random='+Math.floor(89999999*Math.random()+10000000)+'&millis='+new Date().getTime()+'&referrer='+encodeURIComponent((window!=top&&window.location.ancestorOrigins)?window.location.ancestorOrigins[window.location.ancestorOrigins.length-1]:document.location)+'" type="text/javascript"></scr'+'ipt>'); </script> </div> <section class="entry"> <h3 class="entry-title aligncenter"><a href="" target="_blank"><strong>The Green Power Market: An Overview of the Growing Demand for Sustainable Energy</strong></a></h3> <div class="entry-meta"> <p class="aligncenter"><a href="/content.php?track=39555" target="_blank">Visit https://www.precedenceresearch.com/ for further information</a></p> </div> <div class="entry-content"> <p><em>As the world becomes increasingly concerned about the impact of human activity on the environment, the demand for renewable energy sources is growing at an unprecedented rate. One of the fastest-growing segments of the renewable energy market is green power, which includes sources like solar, wind, and geothermal power. The estimated value of the worldwide green power market in 2021 was US$ 47.41; by 2030, it is anticipated to reach US$ 126.7 billion, with a CAGR of 11.54% from 2022 to 2030.</em></p> </div> <div class="entry-meta"> 05/23/23, 05:23 AM | <a href="/category/other-energy-topics">Other Renewables</a> | <a href="/company_directory/precedence-research/8601">Precedence Research</a> </div> <div class="entry-content"><p><strong>What is Green Power & How Big is The Green Power Market Right Now?</strong> <br /><div id="sidebar-news" class="sidebar"><section class="sidebar-section sidebar-panel"><div class="panel-wrap"><h4 class="panel-title" itemprop="headline">More Headlines</h4><div class="panel-content"><ul class="links description"> <li><a href="/content.php?post=43822">Intersolar & Energy Storage North America Texas Successfully Delivers First Regional Conference and Expo</a></li> <li><a href="/content.php?post=43817">Akselos and ABS Partner to Drive Innovation in Floating Offshore Wind with Enhanced Simulation and Certification Solutions</a></li><div style="margin:10px 0;">         <SCRIPT language="JavaScript" type="text/javascript">  </SCRIPT> <NOSCRIPT> <A href="http://ljb.advertserve.com/servlet/click/zone?zid=28&pid=2&lookup=true&position=1" target="_top"> <IMG src="//ljb.advertserve.com/servlet/view/banner/image/zone?zid=28&pid=2&position=1" height="125" width="125" hspace="0" vspace="0" border="0" alt="Click Here!"> </A> </NOSCRIPT> </div> <li><a href="/content.php?post=43805">Transforming Tea Production: GRIPS Inaugurates Two Cost-Saving Solar Plants</a></li> <li><a href="/content.php?post=43804">EarthEn Awarded DOE HPC4EI Grant and Voucher Program Support to Accelerate Energy Storage Innovation</a></li> <li><a href="/content.php?post=43802">Scout Clean Energy Hosts a Ribbon Cutting to Celebrate the Firm's First Operational Solar Energy Project </a></li></ul></div></div></section><section class="sidebar-section sidebar-panel"><div class="panel-wrap"><h4 class="panel-title" itemprop="headline">Articles</h4><div class="panel-content"><ul class="links description"> <li><a href="/content.php?post=43733">To Solve Data Center’s Unique Energy Demand Problem, The Industry Needs Unique Strategies </a></li> <li><a href="/content.php?post=43717">Guide to Factory Acceptance Tests (FAT) for BESS</a></li> <li><a href="/content.php?post=43716">The Impact of EMP Hardening on Solar Hybrid Inverters</a></li> <li><a href="/content.php?post=43695">Are Solar Batteries Worth It?</a></li> <li><a href="/content.php?post=43682">A New BMP for Erosion and Stormwater Management in Solar</a></li></ul></div></div></section></div> <br />Green power is a term used to describe electricity that is generated from renewable energy sources. These sources include solar, wind, geothermal, hydro, and biomass power. Unlike traditional power sources that rely on fossil fuels, green power is generated without emitting harmful greenhouse gases. This makes it a more sustainable and environmentally friendly alternative to traditional power sources. <br /> <br /><strong>The global <span style="color: #3366ff;"><a style="color: #3366ff;" href="https://www.precedenceresearch.com/green-power-market">green power market</a></span> size was estimated at US$ 47.41 in 2021 and it is expected to surpass around US$ 126.7 billion by 2030, poised to grow at a CAGR of 11.54% from 2022 to 2030.</strong> <br /> <br /><strong>Why is Green Power Important?</strong> <br /> <br />There are many reasons why green power is important. Perhaps the most significant is its ability to reduce our dependence on fossil fuels. Fossil fuels are non-renewable resources that are rapidly depleting. As we continue to use them at current rates, we are contributing to climate change, air pollution, and other environmental problems. By using green power, we can reduce our reliance on these harmful sources of energy and transition to a more sustainable energy future. <br /> <br />In addition to reducing our dependence on fossil fuels, green power can also help to create jobs, stimulate economic growth, and improve public health. Many renewable energy projects require skilled labor and local support, which can help to create new jobs and stimulate economic growth in areas that need it most. By reducing pollution and greenhouse gas emissions, green power can also improve public health and reduce healthcare costs. <br /> <br /> <br /><strong>Ask here for customization study@ <span style="color: #3366ff;"><a style="color: #3366ff;" href="https://www.precedenceresearch.com/customization/1733">https://www.precedenceresearch.com/customization/1733</a> </span></strong> <br /> <br /> <br /><strong>The Growing Demand for Green Power</strong> <br /> <br />The demand for green power is growing at an unprecedented rate. According to a report by the International Energy Agency (IEA), renewable energy sources are set to account for 90% of the global electricity mix by 2040. This growth is being driven by several factors, including government policies, falling renewable energy costs, and consumer demand. <br /> <br />Government policies are playing a key role in driving the growth of the green power market. Many countries have implemented renewable energy targets and subsidies to encourage the development of renewable energy projects. In the United States, for example, the federal government offers tax incentives for renewable energy projects and many states have set renewable energy targets. <br /> <br />Falling renewable energy costs are also driving the growth of the green power market. As technology has improved and production has scaled up, the cost of generating renewable energy has fallen dramatically. This has made renewable energy more competitive with traditional power sources, making it a more attractive option for businesses and consumers. <br /> <br />Finally, consumer demand is driving the growth of the green power market. Many consumers are becoming increasingly concerned about the environmental impact of their energy use and are seeking out renewable energy options. This has led to the development of new business models, such as community solar programs, that allow consumers to purchase renewable energy directly from local projects. <br /> <br /><strong>Growing carbon emission is driving the market growth </strong> <br /> <br />Growing environmental concern due to excessive usage of fossil fuel is shifting the demand towards green energy. Increasing initiatives taken by the government of various economies to reduce carbon footprints is expected to propel the growth of the industry. Moreover, people are becoming aware of the harmful effects associated with the usage of fossil fuels and they are adopting green energy to move towards a cleaner environment. Increasing penetration towards a healthy lifestyle is also one of the major factors propelling the growth of the industry. <br /> <br />Furthermore, surging urbanization along with the increasing population is driving the need for alternative and cleaner sources of energy. The rising development of infrastructure along with an increasing number of buildings is providing lucrative opportunities for market growth. <br /> <br /><strong>Rising demand for Electric vehicles</strong> <br /> <br />The growing population along with increasing traffic congestion in urban areas is shifting the market demand toward electric vehicles. Moreover, surging environmental concerns owing to the rising level to the rising number of key players in the electric vehicle industry and increasing innovations. The adoption of electric vehicles alleviates the need for fossil fuels and further decreases the pollution level. <br /> <br /><strong>Key insights</strong> <br /><ul><li>Based on power insights, the hydropower segment is expected to dominate the overall market during the upcoming years. Solar energy is also expected to grow significantly.</li> <br /> <li>Green energy is being widely used in transportation to reduce the usage of fossil fuels.</li> <br /> <li>On the basis of end-user, the utility segment accounts for a significant share owing to surging disposable income.</li> <br /> <li>The installed hydropower capacity in the world in 2021 was 1,360 gigawatts (GW), an increase from 2020 of 2.21%, well below the estimated 2.0% annual growth needed to achieve the Paris Agreement targets and below the five-year annual average of 2.1%.</li></ul> <br /><strong>Asia Pacific to lead the market growth</strong> <br /> <br />In recent years, the market for renewable energy was dominated by the Asia-Pacific area. Throughout the forecast time, it is probably going to continue to dominate. <br /> <br />China will dominate the world in the deployment of renewable energy as of 2021. The capacity of all green energy sources in the nation increased by roughly 13.4% from the year before to 1020.2 GW in 2021. The main sustainable energy sources in the nation are hydropower, solar energy, and wind energy. <br /> <br />India's population growth and expanding economy coincided with a substantial increase in power demand. The nation produced 150.3 TWh of energy through hydropower in 2021, up from 114.3 TWh in 2011. <br /> <br />India has overtaken China and the United States as the third-largest power consumers in the globe. Additionally, over the past ten years, India's net power generation capacity grew considerably, with the majority of that growth coming from large hydro and other renewable energy sources. <br /> <br />By FY 2022, the Indian government wants to build 175 GW of renewable energy capacity, of which 100 GW will come from solar energy, 60 GW from wind energy, 10 GW from biopower, and 5 GW from small hydropower. In addition, the Indian Ministry of New and Renewable Energy anticipates USD 15 billion in investments in 2022 for green hydrogen, electric vehicles, solar equipment production, and renewable energy. <br /> <br />Additionally, the Uttar Pradesh New and Renewable Energy Development Agency's bidding procedure resulted in SJVN (Satluj Jal Vidyut Nigam Ltd) winning a 125 MW solar project in Uttar Pradesh in January 2022. It consists of a 50 MW solar project in Kanpur Dehat districts and a 75 MW grid-connected solar project in Jalaun. <br /> <br />As a result, during the forecast period, such changes are expected to make Asia-Pacific the dominant player in the renewable energy market. <br /> <br /><strong>COVID-19 Impact on the green power market</strong> <br /> <br />The outburst of the coronavirus pandemic has declined the growth of almost every industry. Temporary shut down of manufacturing units owing to the stringent norms imposed by the government of various countries. The decline in power demand due to the spread of the disease has negatively affected the green power market growth. <br /> <br /><strong>Mergers and acquisitions </strong> <br /><ul><li>On February 10, 2022, Hydro-québec acquired great river hydro, an operator of hydropower generation facilities in New Zealand for $2 billion. The acquisition will help hydro-québec to expand its revenue.</li> <br /> <li>Grenery Renovables acquires Safos Harbert Renewable Energy which is a developer of solar energy facilities that focuses on bringing energy transition to a cleaner energy industry. The acquisition will assist the company to enter is US market.</li> <br /> <li>RWE Renewable Americas acquired Con Edison Clean Energy businesses. The company operates solar energy generation. The acquisition aims to double its business of renewable energy in the United States.</li></ul> <br /><strong>Latest Developments </strong> <br /><ul><li>In Poggio Renatico, Emilia-Romagna, Italy, the Malvezzi solar park, the first photovoltaic (PV) power plant to actively involve the local community, is now operational thanks to the online crowdfunding project Scelta Rinnovabile (Renewable Choice), promoted by Enel Green Power.</li> <br /> <li>Construction on an 8.9-MW floating solar installation in Millburn, New Jersey, which is anticipated to be the largest floating array in the country, was begun by NJR Clean Energy Ventures (CEV) in May 2022. 16,510 solar panels will likely be placed on a reservoir at the New Jersey American Water Canoe Brook Water Treatment Plant as part of the project, which makes use of a floating racking system. Through a power purchase agreement with CEV, the clean energy produced by the array will meet roughly 95% of the facility's yearly power requirements.</li> <br /> <li>The second-largest wind maker in China announced in February 2022 that it had received orders for 1.9 gigawatts of turbines from India, underscoring the efforts of businesses to pursue international sales as the domestic market becomes more competitive. The joint orders from Envision Energy Co. represent the highest capacity ever offered to a single foreign nation by a Chinese wind manufacturer.</li> <br /> <li>In China's Shandong province, Huaneng Power International put into service a 320 MW floating solar PV array in January 2022. The project is being set up on a reservoir close to its 2.65 GW Dezhou thermal power plant in two stages.</li></ul> <br /><strong>Market Share Insight</strong> <br /> <br />Some of the prominent players in the market are <br /><ul><li>Adani group</li> <br /> <li>Enel Spa</li> <br /> <li>GE renewable energy</li> <br /> <li>Brookfield Renewable Corporation</li> <br /> <li>Siemens Gamesa renewable energy</li> <br /> <li>Tata power</li> <br /> <li>Vestas wind systems</li> <br /> <li>Iberdrola SA</li> <br /> <li>Jinko Solar Holding</li> <br /> <li>Next Era Energy</li> <br /> <li>Suzlon energy limited</li></ul> <br /><strong>Conclusion</strong> <br /> <br />The green power market is growing at an unprecedented rate and is set to play a key role in the transition to a more sustainable energy future. By reducing our dependence on fossil fuels, green power can help to mitigate climate change, reduce pollution, and improve public health. As government policies, falling renewable energy costs, and consumer demand continue to drive the growth of the green power market, we can expect to see even more innovative and sustainable energy solutions in the years to come. <br /> <br /><strong>Segments Covered in the Report</strong> <br /> <br /><strong>By Power</strong> <br /><ul><li>Wind Energy</li> <br /> <li>Solar Energy</li> <br /> <li>Geothermal Energy</li> <br /> <li>Hydropower</li> <br /> <li>Bioenergy</li></ul> <br /><strong>By Application</strong> <br /><ul><li>Electricity generation</li> <br /> <li>Transportation</li> <br /> <li>Heating</li> <br /> <li>Others</li></ul> <br /><strong>By End User</strong> <br /><ul><li>Utility</li> <br /> <li>Residential</li> <br /> <li>Industrial</li> <br /> <li>Commercial</li></ul> <br /><strong>By Geography</strong> <br /><ul><li>North America <br /><ul><li>U.S.</li> <br /> <li>Canada</li></ul></li> <br /> <li>Europe <br /><ul><li>U.K.</li> <br /> <li>Germany</li> <br /> <li>France</li></ul></li> <br /> <li>Asia-Pacific <br /><ul><li>China</li> <br /> <li>India</li> <br /> <li>Japan</li> <br /> <li>South Korea</li> <br /> <li>Malaysia</li> <br /> <li>Philippines</li></ul></li> <br /> <li>Latin America <br /><ul><li>Brazil</li> <br /> <li>Rest of Latin America</li></ul></li> <br /> <li>Middle East & Africa (MEA) <br /><ul><li>GCC</li> <br /> <li>North Africa</li> <br /> <li>South Africa</li> <br /> <li>Rest of the Middle East & Africa</li></ul></li></ul> <br /><strong>Get Full Report Study@ <span style="color: #3366ff;"><a style="color: #3366ff;" href="https://www.precedenceresearch.com/checkout/1733">https://www.precedenceresearch.com/checkout/1733</a></span> <br />Ask here for more details@ Call: USA - +1 9197 992 333 | </strong><span style="color: #3366ff;"><a style="color: #3366ff;" href="mailto:sales@precedenceresearch.com"><strong>sales@precedenceresearch.com</strong></a></span></p></div> <div class="entry-meta"> 05/23/23, 05:23 AM | <a href="/category/other-energy-topics">Other Renewables</a> | <a href="/company_directory/precedence-research/8601">Precedence Research</a> </div> </section> <div class="aligncenter"> <a href="/subscribe.php">Subscribe to Newsletter</a> </div> <div class="alignleft"><a href="/newsfeed/other-energy-topics/">More Other Renewables News</a> | <a href="/stream/stories/">Stories</a> | <a href="/stream/articles/">Articles</a></div> <div class="clear"></div>   <section class="stream-panel"> <div class="panel-wrap"> <h4 class="panel-title" itemprop="headline">Featured Product</h4> <div class="panel-content"> <section class="entry"> <a href="/products.php?track=726" target="_blank" rel="nofollow" class="alignleft"><img src="/images/products/us-battery-solar-re-l16xc-renewable-energy-battery.jpg" alt="U.S. BATTERY RENEWABLE ENERGY SERIES DEEP CYCLE BATTERIES" /></a> <h3 class="entry-title"><a href="/products.php?track=726" target="_blank" rel="nofollow">U.S. BATTERY RENEWABLE ENERGY SERIES DEEP CYCLE BATTERIES</a></h3> <div class="entry-content">Our RE Series batteries are designed to provide the highest peak capacity, longest cycle life, and greatest reliability for use in industrial or residential renewable energy applications. Renewable Energy Series batteries utilize the company's exclusive XC2™ formulation and Diamond Plate Technology® to create the industry's most efficient battery plates, delivering greater watt-hours per liter and watt-hours per kilogram than any other flooded lead-acid battery in the market. Our Deep Cycle batteries are engineered to work with solar panels as well as other renewable energy applications.</div> </section> </div> <div class="panel-footer"> <div class="one-third first"><a href="/products.php">More Products</a></div> <div class="one-third"> <a href="/register_partner.php">Feature Your Product</a> </div> <div class="one-third"> </div> </div> </div> </section> </div>    </article> </main> <aside class="sidebar sidebar-primary" itemtype="//schema.org/WPSideBar" itemscope="itemscope" role="complementary">  <section class="sidebar-section sidebar-panel"> <div class="panel-wrap"> <h4 class="panel-title" itemprop="headline">Sponsors</h4> <div class="panel-content"> <div class="bannerad">  <script type="text/javascript"> document.write('<scr'+'ipt src="//ljb.advertserve.com/servlet/view/banner/javascript/zone?zid=99&pid=2&random='+Math.floor(89999999*Math.random()+10000000)+'&millis='+new Date().getTime()+'&referrer='+encodeURIComponent(document.location)+'" type="text/javascript"></scr'+'ipt>'); </script> </div> <div class="bannerad">         <SCRIPT language="JavaScript" type="text/javascript">  </SCRIPT> </div> <div class="one-half-fixed first">         <SCRIPT language="JavaScript" type="text/javascript">  </SCRIPT> <NOSCRIPT> <A href="http://ljb.advertserve.com/servlet/click/zone?zid=28&pid=2&lookup=true&position=1" target="_top"> <IMG src="//ljb.advertserve.com/servlet/view/banner/image/zone?zid=28&pid=2&position=1" height="125" width="125" hspace="0" vspace="0" border="0" alt="Click Here!"> </A> </NOSCRIPT> </div> <div class="one-half-fixed">         <SCRIPT language="JavaScript" type="text/javascript">  </SCRIPT> <NOSCRIPT> <A href="http://ljb.advertserve.com/servlet/click/zone?zid=28&pid=2&lookup=true&position=1" target="_top"> <IMG src="//ljb.advertserve.com/servlet/view/banner/image/zone?zid=28&pid=2&position=1" height="125" width="125" hspace="0" vspace="0" border="0" alt="Click Here!"> </A> </NOSCRIPT> </div> <div class="bannerad">         <SCRIPT language="JavaScript" type="text/javascript">  </SCRIPT> </div> <div class="bannerad">  <script type="text/javascript"> document.write('<scr'+'ipt src="//ljb.advertserve.com/servlet/view/banner/javascript/zone?zid=99&pid=2&random='+Math.floor(89999999*Math.random()+10000000)+'&millis='+new Date().getTime()+'&referrer='+encodeURIComponent(document.location)+'" type="text/javascript"></scr'+'ipt>'); </script> </div> <div class="bannerad"><a href="https://visitor.r20.constantcontact.com/d.jsp?llr=s9wzelzab&p=oi&m=1126729309010&sit=br6cuoelb&f=8b32144a-55f0-447e-9976-c46235d44213" target="_blank"><img src="/images/site icons/Newsletter_Button.jpg" alt="Newsletters"></a><a href="/whitepapers.php"><img src="/images/site icons/WhitePapers_Button.jpg" alt="White Papers"></a></div> <div class="bannerad"><a href="/events.php"><img src="/images/site icons/EventsCalendar_Button.jpg" alt="Events"></a><a href="/stream/news/"><img src="/images/site icons/News_Button.jpg" alt="News"></a></div> <p style="text-align: center">Socials<br><a href="https://twitter.com/AltEnergyMag" target="_blank"> <img src="https://www.agritechtomorrow.com/images/x_icon.png" width="32" height="32" alt=""/></a><a href="https://www.linkedin.com/company/altenergymag-com/" target="_blank"><img src="https://www.agritechtomorrow.com/images/linkedin_icon.png" width="32" height="32" alt=""/></a><a href="https://www.altenergymag.com/subscribe.php" target="_blank"><img src="https://www.agritechtomorrow.com/images/newsletter_icon.png" width="32" height="32" alt=""/></a></p> </div> </section>  <section class="sidebar-section sidebar-panel"> <div class="panel-wrap"> <h4 class="panel-title" itemprop="headline">Most Popular Articles</h4> <div class="panel-content"> <section class="entry"> <p class="entry-title"><a href="/article/2024/11/to-solve-data-centers-unique-energy-demand-problem-the-industry-needs-unique-strategies-/43733">To Solve Data Center’s Unique Energy Demand Problem, The Industry Needs Unique Strategies </a></p> <div class="entry-meta">11/12/24 | <a href="/category/energy-storage">Energy Storage</a></div> </section> <section class="entry"> <p class="entry-title"><a href="/article/2024/11/a-new-bmp-for-erosion-and-stormwater-management-in-solar/43682">A New BMP for Erosion and Stormwater Management in Solar</a></p> <div class="entry-meta">11/04/24 | <a href="/category/solar-wind">Solar Power</a></div> </section> <section class="entry"> <p class="entry-title"><a href="/article/2024/11/the-impact-of-emp-hardening-on-solar-hybrid-inverters/43716">The Impact of EMP Hardening on Solar Hybrid Inverters</a></p> <div class="entry-meta">11/08/24 | <a href="/category/solar-wind">Solar Power</a></div> </section> <section class="entry"> <p class="entry-title"><a href="/article/2024/11/guide-to-factory-acceptance-tests-fat-for-bess/43717">Guide to Factory Acceptance Tests (FAT) for BESS</a></p> <div class="entry-meta">11/08/24 | <a href="/category/energy-storage">Energy Storage</a></div> </section> </div> <div class="panel-footer"><a href="/stream/articles/">Articles & Stories</a> | <a href="/stream/news/">News</a></div>   </div> </section>  <section class="sidebar-section sidebar-panel"> <div class="panel-wrap"> <h4 class="panel-title" itemprop="headline">Events and Conferences</h4> <div class="panel-content"> <section class="entry"> <p class="entry-title"><a href="https://www.thesmartere.in/home" target="_blank">The smarter E India</a></p> <div class="entry-meta">Feb 12 | 14 2025, Gujarat, India</div> </section> <section class="entry"> <p class="entry-title"><a href="https://www.intersolar.us/altenergymag/?utm_source=sponsor&utm_medium=referral&utm_campaign=iesna25-alt-energy-mag-728x90&utm_content=attendee" target="_blank">Intersolar North America 2025 & Energy Storage North America</a></p> <div class="entry-meta">Feb 25 | 27 2025, San Diego, CA</div> </section> <section class="entry"> <p class="entry-title"><a href="https://www.intersolar.ae" target="_blank">Intersolar & ees Middle East 2025</a></p> <div class="entry-meta">Apr 07 | 09 2025, Dubai World Trade Centre</div> </section> <section class="entry"> <p class="entry-title"><a href="https://lssusa.solarenergyevents.com/" target="_blank">Large Scale Solar USA Summit</a></p> <div class="entry-meta">Apr 29 | 30 2025, Dallas, Texas, USA</div> </section> <section class="entry"> <p class="entry-title"><a href="https://www.intersolar.de/home?lang=en" target="_blank">Intersolar Europe</a></p> <div class="entry-meta">May 07 | 09 2025, Messe München</div> </section> </div> <div class="panel-footer"><a href="/events.php">More Events</a></div>   </div> </section>  <section class="sidebar-section sidebar-panel"> <div class="panel-wrap"> <h4 class="panel-title" itemprop="headline">Site Services</h4> <div class="panel-content"> <ul class="links"> <li><a href="/company_directory_search.php">Feature Your Company</a></li> <li><a href="/streaming.php?type=n">Publish Your News</a></li> <li><a href="/products.php">Promote Your Products / Services</a></li> <li><a href="/events.php">List Your Event</a></li> <li><a href="/advertise.php">Advertise Your Brand</a></li> <li><a href="/associates.php#Article">Contribute Articles and Stories </a></li> <li><a href="/subscribe.php">Subscribe to RSS Feeds & Newsletters</a></li> <li><a href="/search.php">Search - Articles, Companies, News</a> </li> </ul> <p style="text-align: center">Socials<br><a href="https://twitter.com/AltEnergyMag" target="_blank"> <img src="https://www.agritechtomorrow.com/images/x_icon.png" width="32" height="32" alt=""/></a><a href="https://www.linkedin.com/company/altenergymag-com/" target="_blank"><img src="https://www.agritechtomorrow.com/images/linkedin_icon.png" width="32" height="32" alt=""/></a><a href="https://www.altenergymag.com/subscribe.php" target="_blank"><img src="https://www.agritechtomorrow.com/images/newsletter_icon.png" width="32" height="32" alt=""/></a></p> </div> <div class="panel-footer"> <a href="/site_services.php">Full List of Site Services</a></div> </div> </section>  <section class="sidebar-section sidebar-panel"> <div class="panel-wrap"> <h4 class="panel-title" itemprop="headline">Off Topic</h4> <div class="panel-content"> <section class="entry"> <p><strong>Robotics & Automation</strong></p> <ul class="links"> <li><a href="http://www.roboticstomorrow.com/stream/stories/#23580" target="_blank">Can Predictive AI Lead Robotics Education to Its Next Evolution?</a></li> <li><a href="http://www.roboticstomorrow.com/stream/stories/#23573" target="_blank">6 Ways AI is Improving Robot Perception and Navigation</a></li> <li><a href="http://www.roboticstomorrow.com/stream/stories/#23572" target="_blank">Diligent Robotics Announces Q4 Milestone with Over 100,000 Autonomous Elevator Rides Across U.S. Health Systems</a></li> </ul>   </section> <p><strong>Manufacturing & Automation</strong></p> <ul class="links"> <li><a href="http://www.manufacturingtomorrow.com/stream/stories/#23859" target="_blank">A Slow-Changing Industry in a Fast-Changing World: Manufacturing’s Path to Survival</a></li> <li><a href="http://www.manufacturingtomorrow.com/stream/stories/#23855" target="_blank">Creating the Perfect Thanksgiving Meal: Lessons in Production Planning, Scheduling, and the Connected Worker</a></li> <li><a href="http://www.manufacturingtomorrow.com/stream/stories/#23803" target="_blank">UK's Auto Factories Embrace the Advanced Robotics Revolution</a></li> </ul>   </div> <div class="panel-footer"><a href="http://www.manufacturingtomorrow.com">ManufacturingTomorrow</a><br /> <a href="http://www.roboticstomorrow.com">RoboticsTomorrow</a></div> </div> </section> </aside> </div> </div> <div class="site-footer" itemtype="//schema.org/WPFooter" itemscope="itemscope" role="contentinfo"> <div class="wrap"> <header class="footer-header"><h1 class="footer-title" itemprop="headline">More Alternative Energy Resources</h1></header> <section class="aligncenter"> <p>          <SCRIPT language="JavaScript" type="text/javascript">  </SCRIPT>  </p> </section> <section class="aligncenter"> <p>  <script type="text/javascript"> document.write('<scr'+'ipt src="//ljb.advertserve.com/servlet/view/banner/javascript/zone?zid=121&pid=2&resolution='+screen.width+'x'+screen.height+'&random='+Math.floor(89999999*Math.random()+10000000)+'&millis='+new Date().getTime()+'&referrer='+encodeURIComponent((window!=top&&window.location.ancestorOrigins)?window.location.ancestorOrigins[window.location.ancestorOrigins.length-1]:document.location)+'" type="text/javascript"></scr'+'ipt>'); </script>  </p> </section> <nav class="nav-footer" itemtype="//schema.org/SiteNavigationElement" itemscope="itemscope" role="navigation"> <ul id="menu-footer-navigation-menu" class="menu nav-menu menu-footer"> <li class="menu-item"><a href="/contact.php">Contact Info</a></li> <li class="menu-item"><a href="/associates.php">Bloggers and Associate Authors</a></li> <li class="menu-item"><a href="/privacy.php">Privacy Policy</a></li> <li class="menu-item"><a href="/advertise.php">Advertise</a></li> </ul> </nav> <nav class="nav-footer-secondary" itemtype="//schema.org/SiteNavigationElement" itemscope="itemscope" role="navigation"> <p><a href="/subscribe.php">Subscribe</a> | <a href="/search.php">Search</a> | <a href="/site_services.php#Partner" >Promote Products</a> | <a href="/site_services.php#Directory" >Feature Your Company</a> | <a href="/site_services.php#News" >Publish News</a> | <a href="/site_services.php#Events" >List Event</a></p> <p><a href="/streaming.php?type=a" >Articles</a> | <a href="/streaming.php?type=n" >News</a> | <a href="/streaming.php?type=s" >Stories</a> | <a href="/products.php" >Products</a> | <a href="/company_directory_search.php" >Companies</a> |<a href="/events.php"> Events</a> </p> </nav> <div align="center"><img src="/images/site icons/bth footer ad with all mags.png" alt="BTH Tech Publications" border="0" usemap="#Map" /> <map name="Map" id="Map"> <area shape="rect" coords="536,51,722,141" href="https://www.agritechtomorrow.com" target="_self" title="AgritechTomorrow" alt="AgritechTomorrow"> <area shape="rect" coords="337,51,532,141" href="https://www.manufacturingtomorrow.com" target="_self" title="ManufacturingTomorrow" alt="ManufacturingTomorrow" > <area shape="rect" coords="144,51,329,137" href="https://www.roboticstomorrow.com" target="_self" title="RoboticsTomorrow" alt="RoboticsTomorrow" > <area shape="rect" coords="3,51,141,133" href="https://www.altenergymag.com" target="_self" title="AltEnergyMag" alt="AltEnergyMag" > </map> </div> </div> </div> <div class="creds"> <p>© 2010 - 2024 AltEnergyMag - All Rights Reserved<br /> Powered by BTH Management</p> </div> </div> <script type="text/javascript" src="/js/lazysizes.min.js" defer></script> <script type="text/javascript"> // What is $(document).ready ? See: http://flowplayer.org/tools/documentation/basics.html#document_ready jQuery(document).ready(function($) { $("img").each(function() { var $this = $(this); var src = $this.attr("src"); if($this.hasClass( "logo" )/*attr("class")=='logo' */ ) { // alert('got logo'); } else { $this.attr( "data-src", src ); $this.removeAttr("src"); $this.addClass("lazyload"); } }); $(function(){ $(".ifl label").inFieldLabels({ fadeOpacity:.3 }); $(".ifl input").attr("autocomplete","off"); }); }); </script> </body> </html>

CINXE.COM

The Green Power Market: An Overview of the Growing Demand for Sustainable Energy | AltEnergyMag