Global Renewables Industry at Tipping Point as it Seeks to Reduce Reliance on Subsidies

New York, NY (PRWEB) November 29, 2012

The renewable energy industry is at a tipping point as the developed markets start to close the door on generous subsidy programs and emerging markets develop cost strategies to compete with fossil fuels according to Ernst & Youngs latest quarterly global Renewable energy country attractiveness indices report released today.

Gil Forer, Ernst & Youngs Global Cleantech Leader, comments: Current global macroeconomic drivers are reinforcing the role of emerging markets in the future global energy mix. As renewable energy technologies become more cost-competitive, the importance of government subsidies is set to decrease to create a sustainable growth platform for both developed and emerging markets, as well as manufacturers.

The indices provide scores in 40 countries for national renewable energy markets, renewable energy infrastructures and their suitability for individual technologies. During Q3 2012, China remained at the top of the All Renewables Index (ARI), but dropped a point as its solar sector continued the consolidation process in an effort to boost domestic installation and rationalize government support, which could slow growth in the more immediate term. In recent months China has also seen a large outflow of Chinese investment in favor of markets such as Africa and South America.

The quarter also saw the US drop 1.5 points in the ARI, resulting in Germany moving up into second place ahead of the US. While the German government has recently increased the countrys renewable energy target for electricity to 40% by 2020 and is proactively implementing policy measures to create sustainable growth, the downgraded score reflects the more immediate changes around possible subsidy caps for solar, wind and biomass.

Within the US, the uncertainty about long term US energy policy combined with concerns over the extension of key renewable energy incentives and the availability of low-priced natural gas are likely to continue slowing the growth in the sector in the short to medium term, particularly in the wind sector.

However when looking towards the long-term, Forer comments: Now that the US elections are behind us, we can likely expect new long-term momentum behind cleantech related regulations, such as EPA greenhouse gas regulations as well as Department of Energy and Department of Defense energy efficiency initiatives.

Clean energy investment hit by uncertainty

Globally, total clean energy investment fell 5% in Q3, to US$ 56.6b, with investor enthusiasm dampened by skepticism over policymakers renewable energy commitments and the continued decrease in solar and wind technology costs impacting on total investment values.

New investment levels have varied globally with investment in Europe, Middle East and Africa rising 7% to US$ 21bn in Q3 mainly driven by solar thermal and wind project financings in Morocco. However, in the same period, investment in the Americas and Asia-Pacific slipped by 25% and 3%, to US$ 10.4b and US$ 25.2b respectively.

Ben Warren, Ernst & Young Energy and Environmental Finance Leader comments: Political and regulatory uncertainty, working in tandem with constrained capital markets, continue to put the brakes on investment and deal volumes. Looking forward, market restructuring and the emerging secondary infrastructure financing market are likely to provide the momentum for future investment.

Emerging markets get back to basics

Having taken note of the lessons learnt across markets in Europe and the US, where high levels of subsidization have been the key driver of growth in the sector, governments in emerging markets are driving business models that work without direct subsidies or grants that could potentially compete head-on with conventional fossil fuel sources.

The latest indices include Saudi Arabia and United Arab Emirates (UAE) for the first time, reflecting the growing presence of the Middle East within the clean energy market, with the UAE ranked 35th in the index, two places above Saudi Arabia. The roll-out of solar initiatives places the UAE over Saudi Arabia in the Solar Index, while the reverse is true in the Wind Index based on natural resource.

When looking at the global outlook for the clean energy industry, Forer summarizes: While the reliance on government subsidies is decreasing, it should not be forgotten that until grid parity is reached in more regions, financing will still depend on the timing and nature of individual countries incentives and support regimes, a commitment to invest in grid infrastructure and connectivity, and the ability of projects to seek multiple partnerships and investors.

To download issue 35 of the Renewable energy CAI and previous issues, visit

About the CAI

The Country Attractiveness Indices publication has been running since the beginning of 2003 and is distributed to over 4,000 people each quarter. It provides scores for national renewable energy markets, renewable energy infrastructures and their suitability for individual technologies.

The Indices monitors 40 entries: Argentina, Australia, Austria, Belgium, Brazil, Bulgaria, Canada, Chile, China, Denmark, Egypt, Finland, France, Germany, Greece, India, Ireland, Israel, Italy, Japan, Mexico, Morocco, Netherlands, New Zealand, Norway, Poland, Portugal, Romania, Saudi Arabia, South Africa, South Korea, Spain, Sweden, Taiwan, Tunisia, Turkey, Ukraine, UAE, UK and the US.

How Ernst & Young’s Global Cleantech Center can help your business

From start-ups to large corporations and national governments, organizations worldwide are embracing cleantech as a means of growth, efficiency, sustainability and competitive advantage. As cleantech enables a variety of sectors, old and new, to transform and participate in a more resource-efficient and low-carbon economy, we see innovation in technology, business models, financing mechanisms, cross-sector partnerships and corporate adoption. Ernst & Young’s Global Cleantech Center offers you a worldwide team of professionals in assurance, tax, transaction and advisory services who understand the business dynamics of cleantech. We have the experience to help you make the most of opportunities in this marketplace, and address any challenges. Whichever sector or market youre in, we can provide the insights you need to realize the benefits of cleantech.

About Ernst & Youngs Energy and Environmental Finance Group

With a dedicated team of over 100 international advisors operating from our global team, Ernst & Youngs Environmental Finance Group helps private and public sector clients to increase value from renewable energy activity. The team covers established and emerging renewable technologies, providing advisory services from initial market entry strategies to commercial analysis, finance raising, and M&A transactions advice.

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Reliance Foundry Launches New Decorative Plastic Bollard Product Line

Surrey, British Columbia (PRWEB) May 24, 2012

Decorative plastic bollard post covers are manufactured from polyethylene thermoplastic; they fit over a variety of standard bollard posts, they are available in a variety of standard colors, and they are extremely easy to permanently install over existing posts – instantly improving their appearance. These bollards are ideal in harsh weather, and are fade resistant. The covers can be purchased and placed over existing steel bollard posts, or they can be used to add aesthetic enhancements for new, utilitarian steel pipe bollards.

Occasionally, old security posts, worn out or cracking cement bollards, or other rusted steel bollard pipes are removed from their foundations without a second thought given to their usability. Because their outward appearance no longer fits with their surroundings, removal or replacement seems the easiest choice. However, now those posts can continue to serve the landscape and property with style. Reliance Foundrys ornamental plastic post covers fit over top of existing posts, extending their life, and reducing the need to consider removal and replacement.

Reliances patented Ideal Shield decorative bollard covers are produced with a green initiative strategy. They place high importance on reusing materials — even regrinding every drop of plastic, damaged pieces or returned product — so that nothing is wasted.

Our customers will find this new product line a cost-efficient way to make their existing bollards and posts aesthetically pleasing while enjoying the benefits of durability and low-maintenance said Reliance Foundry Vice President, Brad Done.

This new decorative bollard cover line includes 6 different styles that come in several standard colors. Each one is made using ultraviolet and anti-static additives which prevent fading and help the cover retain its appearance. They add an element of elegance to otherwise industrial-looking security posts.

Done also commented, Our new covers are architecturally appealing and ideal for areas that have strict visual ordinances because of their setting. They allow stores, offices and residences to provide security bollards that are elegant and non-obtrusive.

Finding a style that suits the property should not be a problem. Options range from sleek, minimalistic stylings, to covers with detail throughout the length of the post. Models are available to fit over 6.5 dia. pipe, and larger models are available for fitting over top of wider posts (i.e. 10 in diameter).

Decorative plastic bollard covers offer stylish, architecturally appealing bollard protection; they are a great option for municipalities with strict visual ordinances and non-industrial settings. Reliance Foundry is excited to be able to offer these new ornamental covers along with the many other models in their growing bollard product line.

About Reliance Foundry Co. Ltd.

Reliance Foundry has been a family-owned business since 1927. Bollards are one of its main product lines, along with industrial wheels, bike parking products and investment castings. Reliance sources products globally and offers quick and convenient delivery in the United States and Canada from its Vancouver location.