Renewables Market Research Report

lients to choose the right strategy, aiming to gain business confidence.The renewables industry is currently focusing on appropriate and new renewable energy technologies. It has gained a lot of attention from various investors across the globe. This has resulted in the increasing commercialization of renewable energy and industry expansions. Companies nowadays are striving persistently to make more usage of solar photovoltaic (PV) and wind energies. The interest in concentrating solar power (CSP) has renewed since 2004 and three plants were constructed between 2006 and 2007 in Arizona, Nevada, and Spain. Governments of developing countries, such as India and China are implementing favorable policies to develop green technologies. In 2009, the Chinese government, for instance, launched a new scheme called ‘Golden Sun’ to enable the development of solar energy in the country. Since then, multiple renowned companies have also declared their plans to broaden their footprints in Asia Pacific. The development of solar integrated Battery Energy Storage Systems (BESS) would help the market to stabilize in the upcoming years.