Renewable Energy Expansion Opportunities for B2B Sectors

Strategy Briefing

About This Report

Apr 2018

Local and international community support has allowed renewable energy expansion to gain pace, with even faster growth expected over the period to 2030. Over 2017-2025 the electricity equipment and metal mining industries will experience a significant boost from renewable energy growth. Supporting industries will continue to develop more advanced and customisable solutions, in turn benefiting from capacity expansion and increasing turnover value.

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Renewable Energy Expansion Opportunities for B2B Sectors

Renewable generation share to exceed 30% by 2030

UN initiative of sustainable energy for all has set a global target to exceed 30% share of renewable energy generation within global electricity mix by 2030. Rapidly increasing role of renewable energy will provide vast opportunities for supplying industries to expand in order to facilitate changing energy landscape globally.

Wind and solar power at the forefront of expansion

Although hydropower will provide the bulk of renewable energy, wind and photovoltaic generation will grow fastest. Over the period to 2030 wind and photovoltaic generation capacity will grow fastest in regions that still lag in terms of electricity access.

Asia Pacific will drive global renewable growth

Asia Pacific countries will demonstrate the fastest renewable energy expansion globally, increasing output by more than 3PWh. Growth will be facilitated by Asia’s vast number of hi-tech companies supplying advanced electricity transmission and storage equipment. Moreover, Asia is home to the majority of rare earth element supply, fundamental in renewable energy expansion.

Renewable growth to drive demand for energy storage solutions

Energy storage such as accumulators and batteries will play a pivotal role in the renewable energy integration process by smoothing out intermittent generation from wind and solar plants. The accumulator and battery industry is expected to expand at a 4% CAGR globally over 2017-2025.

Rare earth metals to benefit the most from renewable expansion

Rare earth metals will continue to peak in demand as their supply remains concentrated. Moreover, the increasing share of rare metal supply is expected to come from waste recycling, driving scrap metal and electronic device recycling growth.

Introduction

Scope
Key findings

Global Overview of Renewable Energy

Renewable energy a tool to increase electricity access in remote areas
By 2030 more than 30% of electricity will come from renewable sources
Case study: Rosherville 2000MW energy storage in South Africa
Rosherville to speed up renewable energy expansion in South Africa
Solar and wind generation will grow fastest among renewables
China to lead wind volume growth
Asia Pacific: the largest renewable energy market

Growing Role of Electricity Equipment

Electricity equipment role to continue growing strong
By 2025 Asia Pacific to enhance electricity equipment production by 45%
Accumulators and batteries offer electricity grid optimisation solutions
Asia Pacific companies take centre stage in battery manufacturing
Technological advancements will provide more energy storage options
Case study: Tesla Powerpack project in Australia
Powerpack project signifies a change in Australian energy sector

Impact on Global Metals Industry

Harnessing infinite natural resources requires supply of finite metals
China accounts for majority of rare earth metals supply
Case study: Future of African mining
Mining in Africa turns from aluminium and coal to niche metals
Increasing volume of metal supply will come from recycling
Utilising waste scrap proves beneficial for metal production
Case study: European Union recycling policies focus on circular economy
Increasing share of electronics is being recycled and reused in EU

Conclusions

Renewable energy initiatives are changing power supply landscape
Increasing number of industries will benefit from green energy expansion