MASSIVE GROWTH PREDICTED FOR WEST LONDON RENEWABLE ENERGY MARKET BY 2020

The West London Renewable Energy Association (REA) has hailed the start made by the

feed-in tariff scheme which allows private individuals to sell the electricity they generate through renewable sources back to their energy supplier.

According to the organisation's technical director Stuart Pocock, the REA has observed a steady growth in the West London renewable energy market since the scheme started on April 1st 2010 and now even local authorities could get in on the act.

The news comes hot on the heels of a report by analysts at global finance giant HSBC, who have forecast the low carbon economy, which includes renewable energy, to treble to $2.2 trillion worldwide by 2020, amid fears of global scarcity of resources and a more general acceptance of climate change.

Renewable energy currently holds the largest share of the low carbon market which also includes things like energy saving products and services like house insulation and electric cars.

Revenues from renewable energy were forecast to increase by 9.4% annually to a market size of $500 billion worldwide by the year 2020 in the HSBC report released in September 2010.

The future of growth in the West London renewable energy sector in the UK will be driven by tough commitments on emissions, efficiency and renewable energy by the countries of the European Union, with the USA lagging behind, according to the report.

The UK Government has recently changed its rules on renewable energy to potentially allow local authorities to sell any electricity they may generate from renewable sources.

Hampshire County Council is just one local authority which has expressed interest in introducing such a scheme.

In urban areas the trend of embracing renewable energy is also noticeable, with solar panels appearing on rooftops across West London.

Clinton Foakes who runs a west London-based renewable energy and building firm, which operates in largely upmarket areas like Kensington and Chelsea, said that he had noticed a large increase in customers asking about renewable energy options.

"We are specialists in West London Renewable Energy or and it accounts for a large chunk of what we do in the low-carbon and renewable energy market." He said.

Check out the West London Renewable Energy options available for your home!

MASSIVE GROWTH PREDICTED FOR WEST LONDON RENEWABLE ENERGY MARKET BY 2020

By: Liz Fletcher

POST COMMENT

West London solar panels mean big business The New Revolution Viaarkstore Enterprise---prodent Energy Trust (pve.un) - Financial And Strategic Analysis Review Aarkstore Enterprise---lucas Energy, Inc. (lei) - Financial And Strategic Analysis Review Aarkstore Enterprise---markwest Energy Partners, L.p. (mwe) - Financial And Strategic Analysis Revie Aarkstore Enterprise---seaenergy Plc (ros) - Financial And Strategic Analysis Review Eco Lighting Around the Home – Energy Saving Bulbs and Solar Lights Celebrate the New Year with a New Type of Holiday Saddle Your Discomfort To New Synthetic Saddles Aarkstore Enterprise---caspian Energy Inc. (cek) - Financial And Strategic Analysis Review Jet Connect - New Zealand Based Airline Service Global New Product Alert - August 2010 - Market Research Report On Aarkstore Enterprise A new world with living Ignited impressionist minds!