Fit for growth:The impact of renewable energypolicy ontechnology deployment
Tim RichardsManaging Director, Energy PolicyGE Energy
GE’s diverse renewable solutions
Wind
Solar Biomass
Waste heat recovery
High-efficiency technology & expertise for sustainable development
China & EU lead policy-driven growth
Europe
DriversEU Directive 20%/’20 (~33% elec)Member State FITs/quotas
Opportunity~140 GW wind ’11-20~50 GW solar PV ’11-20
Asia Pacific
DriversAUS … Nat’l RPS 20%/’20JAP … Nat’l RPS 1.6%/’14KOR … Nat’l RPS 10%/’22NZ … Nat’l RPS 90%/’25VN … 5%/’20TN … 10%/’22
Opportunity~10 GW wind ’11-20
North America
DriversUS PTC/ITC/Grant + State RPSCAN Provincial RPS/Targets
OpportunityUS State RPS ~40 GW wind ’11-20US State RPS ~15 GW solar PV ’11-20CAN ~15 GW wind ’11-20
Latin America
DriversBRZ, ARG … wind auctionsCHI … Nat’l RPS 10%/’24
Opportunity~10 GW wind ’11-20
Mid East & Africa
DriversEGY … 20%/’20JOR … 10%/’20MOR … 20%/’20S AFR … 13%/’20
Opportunity~10 GW wind ’11-20~2 GW solar PV ’11-20
China
DriversNat’l wind goal 150 GW by ’20Nat’l solar goal 10 GW by ’15, 50 GW by ’20Nat’l RPS 3%/’10, 8%/’20
Opportunity~110 GW wind ’11-20~50 GW solar PV ’11-20
GE Company Proprietary
India
DriversWind Nat’l GBIState RPO/FITNat’l Solar Mission … 20 GW by ’22
Opportunity~20 GW wind ’11-20~20 GW solar PV ’11-20
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Renewables targets from 45 98 countries ’05-10driving ~350 GW Wind & ~140 GW Solar PV ’11-20
Renewables Policy … Global Lessons Learned
No “one size fits all” … focus on outcomes
• Feed-in tariff
• Quota/RPS
• Tax incentive
• Auction/Tender
Attributes of an effective policy
• Stable, long-term commitment
• Rewards performance
• Supports project financial viability
• Non-compliance “teeth”
• Tied to enabling policies (transmission, siting)
• Reasonable cost containment measures
GE provides support through…• Policy evaluation & modeling• Position papers• Testimony• Government engagement• Trade association participation