Alternative EnergyGlobally, renewables excluding large hydro accounted for 43.6 per cent of newly installed generating capacity in 2013, with investment of US $214 billion in 2013. Renewables (nuclear, wind, solar, hydro, biomass) excluding large hydro accounted for 8.5 percent of global electricity generation in 2013, up from 7.8 per cent in 2012, and have seen cumulative investment of over $1.5 trillion since 2006.7 The biofuels, wind, and solar markets are anticipated to grow 6% per year over the next 10 years, reaching almost $US 400 million in annual investment by 2023.8
The Foothills Region's pursuit of the sector in the form of manufacturing, research and development, and installation, leverages and extends Alberta's reputation and expertise. as an energy leader. Targeted activities are solar, wind, geo-thermal and bio-fuels.
7 Src: UNEP - www.unep.org/NEWSCENTRE/Default.aspx?DocumentID=2787&ArticleID=10824&l=en#sthash.uA12h9PE.dpuf
8 Src: www.renewableenergyworld.com/rea/news/article/2014/03/renewable-energy-trends-illuminated-in-clean-edges-market-report