Agency Says Global Renewable Energy Services A Growth Area For U.S. Firms

Originally Publish on Tuesday 05 November 2013
By Solar Industry Staff
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The U.S. International Trade Commission (USITC) reports that global demand for renewable energy services – such as consulting, engineering, construction, equipment maintenance and repair – has grown rapidly in the past five years, making the U.S. and Europe leading importers and exporters of solar and wind services.
The analysis, prepared at the request of the Office of the U.S. Trade Representative (USTR), offers estimates of the U.S. and global markets for trade and investment in services essential to energy production in the solar, wind, small hydropower and geothermal sectors. The report also outlines trade barriers that may apply to these services.

According to the report, global renewable energy capacity more than doubled to 653 GW between 2007 and 2012, while global investment stood at a record $244 billion in 2012, up 71% during that period. While the USITC says data on renewable energy services are not available, capacity and investment growth indicate similar growth in related services. Moreover, the U.S. is consistently among the largest markets for renewable energy services, alongside Europe and Asia, particularly China.

read more at http://solarindustrymag.com/e107_plugins/content/content.php?content.13448

New markets are opening up and expanding everyday providing companies with new opportunity to generate revenue through exporting overseas. Reed Exhibitions’ International Sales Group is here to help local companies connect with overseas markets through exhibiting at international trade shows.

Contact Kelley Brady kbrady@reedexpo.com or
Michelle Bonina mbonina@reedexpo.com

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