ABI Research has predicted that renewable energy producers in the solar and wind markets will see capex savings of nearly US$ 300 billion by utilising commercially available nanotechnologies over a five-year period between 2010 and 2015. According to ABI Research, global investments in renewable energy will reach US$ 2 trillion on a cumulative basis from 2010 through 2015, driven by growth in Asia, North America and Europe as these regions lead in their efforts to increase production of energy from renewable sources.
The Energy Information Administration (EIA) of the US Department of Energy (DOE) expects world energy consumption to grow 44 per cent from 2008’s 283 quadrillion BTUs to 678 quadrillion BTUs (7.15 exajoules) by 2030. This increase will be driven by growing energy demand from developing nations such as China and India. ABI Research also anticipated that between 2010 and 2015, new solar PV and new wind installations implemented over the forecast period will total 652 GW of new energy production.
