Global spending on wave and tidal energy may reach US$1.2 billion over the next five years, according to energy business analyst Douglas-Westwood. Douglas-Westwood also predicts that annual capital expenditure on wave and tidal projects will reach US$500 million in 2015, up from approximately US$52m in 2010.
According to The World Wave & Tidal Market Report 2011-2015, wave and tidal installations over the coming year are already double those in 2010 and a total 150 MW capacity will be installed between 2011-2015.
The UK, Canada and US are the three biggest markets; the UK leads with 110 MW of installations forecast. According to Ian Jones, lead report analyst, capital expenditure in the UK will total almost US$900m over the next five years, with annual expenditure approaching US$500m in 2015.
Source:Renewable Energy Focus
According to The World Wave & Tidal Market Report 2011-2015, wave and tidal installations over the coming year are already double those in 2010 and a total 150 MW capacity will be installed between 2011-2015.
The UK, Canada and US are the three biggest markets; the UK leads with 110 MW of installations forecast. According to Ian Jones, lead report analyst, capital expenditure in the UK will total almost US$900m over the next five years, with annual expenditure approaching US$500m in 2015.
Source:Renewable Energy Focus
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