A candid report by Bloomberg New Energy Finance, or BNEF, has been released, showing the trend in requests for proposals (RFP) for clean energy over the year 2014. If you don’t already know this, RFPs can be a good barometer on where the renewable energy sector is heading. The BNEF report focuses exclusively on clean energy trends in North America.
The information presented within the document is based on North American Clean Energy RFP database, which is accessible to BNEF clients. Here are some takeaways from the highly-detailed BNEF report on clean energy trends in North America in 2014.
In total, there were 52 request for proposals for clean energy in North America last year. The total capacity for the proposals was 3.3GW. However, this number of RFPs only includes proposals that were for energy capacity and storage. Furthermore, for a proposal to appear in this group, it also had to reveal how much it was seeking. All other RFPs were excluded from the analysis.
Sector-wise, the most dominant niche was the solar energy market. The domination was two-fold: firstly, with regard to volume of proposals (27 out of 52), and secondly, with regard to total capacity (1.8 GW out of the total capacity of 3.3 GW for all RFPs). So, we can confidently say that the current clean energy trends in North America are strongly in favor of solar energy. If you look closely at the figures above, you will notice that solar energy market accounts for over 50% of the total requests with regard to power capacity as well as the number of proposals.
Geographically, the Western region accounted for the greatest proportion of requests for proposals. In total, a capacity of 1.0 GW of clean alternative energy was requested within the region. The Southeastern region came in second with regard to the capacity requested. It is also worth noting that a disproportionately large number of requests in this region were for solar energy. The PJM region was characterized by a conspicuous lack of requests for proposals for alternative energy. The report opines that this might be the product of vigilant state mandates promoting the use of renewable energy – many of which have already been fulfilled – effectively nullifying the need for additional RFPs.
With regard to corporations, a single RFP by Alliant put it in the lead among all other companies with regard to power capacity. Not to be left behind in being creators of clean energy trends, the military also issued a fair number of RFPs. In fact, the US Armed Forces issued 7 RFPs, placing it second only to Alliant with regard to the requested capacity. It is interesting that the military would have these many projects revolving around clean energy.
Although this breakdown quite effectively sums up what the clean energy trends for North America have been for 2014 in terms of sector, geography, and company, there is also plenty of information on currently ‘open’ requests for proposals within the report. The BNEF report offers a brief analysis of these as well. However, as far as domination of alternative energy trends goes, solar energy is firmly in the lead.
Link To The Free Report
Gordon's expertise in the area of industrial energy efficiency and alternative energy. He is an experienced electrical engineer with a Masters degree in Alternative Energy technology. He is the co-founder of several renewable energy media sites including Solar Thermal Magazine.