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1/4/06

Renewable Energy Access: European Union to Accelerate Biomass Energy in 2006

RenewableEnergyAccess.comEuropean Union to Accelerate Biomass Energy in 2006

"The global market for renewable energy technology is expected to soar by 70 percent over the next three years," according to The McIlvaine Company. "The market is currently worth $27 billion and expected to reach $46 billion in 2008." According to the UK's Environmental Finance Magazine December issue, biomass power plants lead all other renewable energy sectors by a margin of more than 2 to 1, for plants scheduled to go on line between 2006 and 2012 -- an estimated 80 new biomass power plants. Biomass growth, led by steam turbines, gasification and co-firing of coal plants, continues to dominate the renewable energy industry."

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