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PCCA Journal|1

st

Quarter 2011

46

Renewable Distributed

Energy Generation

Market Forecasted to

Triple in Size by 2015

T

he global electric power

industry is evolving from

a financial and engineer-

ing model that relies on

large centralized power plants owned

by the utilities to one that is more

diverse—both in sources of generation

and ownership of the generation assets.

Renewable distributed energy generation

(RDEG), which includes both distributed

solar photovoltaics (PV) and small wind

power, is an emerging mode of opera-

tions that is a growing alternative to the

traditional centralized power generation

infrastructure. According to a new report

from Pike Research, the RDEG market

will experience strong growth over the

next several years, with total system

revenues increasing from $50.8 billion in

2009 to $154.7 billion by 2015. During

this period, Pike forecasts that annual

RDEG capacity additions will increase

from 5.9 gigawatts (GW) in 2009 to 15.1

GW in 2015.

“The economics of sub-utility scale

renewable energy continue to improve at

a rapid pace,” said senior analyst Peter

Asmus. “This downward price curve is

fueling demand for distributed solar PV

and small wind systems as an alternative

to centralized power generation. But the

transition to a more distributed system

is no small matter, and it requires the

evolution of policies, technologies, and

business models.”

Asmus said that, while RDEG cur-

rently represents a very small part of

the global electric power generation

capacity—just 0.2 percent—it has the

potential to play a much larger role in

the future. Although Europe and the

United States are the largest markets for

RDEG today, China and India are huge

potential markets. Pike Research antici-

pates that Europe will continue to be

the largest market for RDEG during the

2010-2015 forecast period, but China will

see the largest market growth as the cost

of renewable energy approaches that of

conventional energy.

An executive summary of the report,

“Renewable Distributed Energy Genera-

tion,” is available at www.pikeresearch.

com.

Advertiser Index

A-D Technologies

19

Aevenia, Inc.

25

AmericanWind Energy Association

38

Astec Underground

9

Bethea Tool & Equipment Co., Inc.

34

Condux International

35

DitchWitch

Inside front cover

FMI Corporation

Inside back cover

FS3, Inc.

27 & 41

General Machine Products Co.

33

Grande Truck Center

17

Jameson Corporation

42

John Deere

12

McLaughlin

23

Melfred Borzall, Inc.

15

NESCO, Inc.

4

RWF Bron

37

Sherman & Reilly, Inc.

6

Utility Equipment Leasing Company

3

Vac-Tron Equipment

Back cover

Vermeer Manufacturing

20

Wagner-Smith Equipment Company

28

PCCA Industry Calendar

DCA Annual Convention

March 1 - 6, 2011

El Conquistador Resort

Los Croabas, Puerto Rico

PCCA 66

th

Annual Convention

March 11 - 15, 2011

Ocean Reef Club

Key Largo, Florida

CONEXPO - CON/AGG 2011

March 22 - 26, 2011

Las Vegas Convention Center

Las Vegas, Nevada

NASTT’s 20

th

No Dig Show

March 27 - 31, 2011

Gaylord National

Washington, D.C.

WINDPOWER 2011

May 22 - 25, 2011

Anaheim Convention Center

Anaheim, California

2011 DCA Mid Year Meeting

July 20 - 24, 2011

Woodstock Inn & Resort

Woodstock, Vermont

2011 PCCA Mid-Year Meeting

August 3 - 6, 2011

The Greenbrier

White Sulfer Springs, West Virginia

ICUEE 2011

October 4 - 6, 2011

Kentucky Exposition Center

Louisville, Kentucky

PCCA 67

th

Annual Convention

March 3 - 7, 2012

Hyatt Regency Hill Country

San Antonio, Texas

WINDPOWER 2012

June 3 - 6, 2012

GeorgiaWorld Congress Center

Atlanta, Georgia

News Briefs

Continued from page 19