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With or without tax credits, renewable energy is set to grow

renewable energy production will more than double by 2035 even without federal tax credits.

Renewable Energy Industry Poised for Growth Regardless of Tax Credits Market Watch, ,   NEW YORK, NY, Mar 08, 2012 –– Clean energy stocks have struggled considerably over the last month as concerns about a loss of subsidies and tax credits have led to growth concerns. The PowerShares Wilderhill Clean Energy Portfolio (PBW) is down more than 13 percent over the last month.

Despite the downswing, a recent report from the Energy Information Agency argues that renewable energy production is poised for growth regardless of tax credits. Five Star
Equities examines the outlook for companies in the Alternative Energy Sector and provides equity research on American Superconductor Corporation AMSC +6.39%  and Power-One Inc. PWER +0.24%  . Access to the full company reports can be found at:

www.fivestarequities.com/AMSC

www.fivestarequities.com/PWER

In its “Annual Energy Outlook 2012,” the Energy Information Agency
(EIA) reported that renewable energy production will more than double
by 2035 even without federal tax credits. Based on economic recovery
and increasing energy efficiency, it expects energy demand in
transportation to grow 0.2% a year between 2010-2035, and electricity
demand to grow 0.8% a year.

The EIA expects the share of U.S. electricity generation from
renewables (including hydro) will grow from 10% in 2010 to 16% in
2035…… http://www.marketwatch.com/story/renewable-energy-industry-poised-for-growth-regardless-of-tax-credits-2012-03-08

March 9, 2012 - Posted by Christina Macpherson | renewable, USA