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Renewable Power Market, Policy Changes, June 2017

Renewable Power Market, Policy Changes, June 2017

  • August 2017
  • 7 pages
  • ID: 3945967
  • Format: PDF
  • GlobalData

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Renewable Power Market, Policy Changes, June 2017

Summary
June 2017 saw a number of policy changes in the global renewable power market.

In the Americas, in the US, President Donald Trump withdrew from the Paris climate agreement. Alberta’s residential and commercial solar program was launched. Columbia pledged 100% from renewables by 2036. Florida Governor Rick Scott approved Senate Bill (SB) 90 and Nevada Governor Brian Sandoval turned down the bipartisan bill AB206 as well as selecting not to raise the state’s Renewable Portfolio Standard (RPS). US Senator Cory Gardner of Colorado put forward legislation to bolster hydropower. The Canadian province of Quebec launched its energy policy’s 2017-2020 action plan. The Nicaraguan government consented to new reference price bands for contracting new renewable power generation. The Brazilian Senate’s Commission of Environment, Consumer Protection and Inspection and Control (CMA) consented to bill PLS No. 107/2017 to facilitate renewable hybrid plants into energy auctions.

In Asia-Pacific, China’s new renewable energy certificate (REC) scheme was launched, effective from July 2017, on a pilot basis. Taiwan’s Ministry of Foreign Affairs (MOFA) consented to a four-year wind energy promotion plan. The Indian Ministry of Power (MoP) got rid of interstate transmission charges and losses from solar power generation, and the Indian Navy’s Green Initiatives Drive set a goal of 19 megawatts (MW) from solar power by 2018.

In Europe, in Russia, a total volume of 2.22 gigawatts (GW) of projects was selected for the country’s 2017 renewable energy auction, and Spain set July 26 as the date for carrying out the next 3 GW renewable energy auction. Austria agreed to a new renewable energy law. In addition, Germany consented to new regulation offering support to tenants’ solar power supply.

Scope
- The report covers all policy changes across the globe for renewable energy technologies in June 2017.

Reasons to buy
- To gain insights on the policy changes for renewable technologies across the globe and understand its impact on the market.

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