Asia-Pacific is expected to dominate the global renewables market over the coming decade as the Chinese and Indian renewables sector will continue to work to curb emissions and improve air quality, while the shift away from feed-in-tariffs to competitive auctions in Europe will slow down growth, according to a recent forecast from global consultancy BMI.
The consultancy forecasts total global non-hydropower renewables capacity will expand by more than 86% between 2017 and 2027 - taking the total size of the sector from about 1,000GW to more than 1,900GW.
