8 May 2013 | Renewable Energy | 3379 views

Rabo on Renewables Q2: Strong signals of support continue, but EU 2020 target unlikely to be met

The continued slow pace of new investments in renewable energy around the world seen in Q1 this year, masks some strong signals of support according to the quarterly report from Rabobank. In the US, the role shale gas production will play in the energy mix may dominate the agenda of the new administration, but there remains a clear commitment to renewable projects. China also looks set to expand its renewable energy base, with solar PV and wind both expected to continue growing strongly through to 2015 and beyond. In contrast, the overall outlook for renewables in Europe is less positive. Progress is lagging the targets of many EU Member States, and it now looks unlikely that the EU 2020 target for 20 percent renewables will be achieved.