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US Renewable Energy Industry – SWOT Analysis
Taiyou Research, March 2011, Pages: 30
The United States is one of the largest user of renewable energy sources in the world. In the first six months of 2010, renewable energy accounted for over 11% of the electricity produced in the country. With hydroelectric power being the biggest producer of renewable energy in the US, solar and wind are not far behind, with geothermal also having a significant presence.
While Texas is firmly established as the leader in wind power development in the country, the installed capacity for wind power in the US exceeds 35,159 MW and serves almost 10 million average homes in the country.
Fact remains, however, that the United States is still one of the biggest polluters in the world, and its dependence on fossil fuels is acting against the growth of the renewable energy industry in the country as the government tries hard to control its carbon footprint. While the renewable energy industry is growing at a fast pace, it is expected to nevertheless run into challenges as the US government is considering the renewal of some of the incentives and subsidies for renewable energy.
Taiyou Research's SWOT analysis on the US renewable energy industry takes into consideration all these factors and presents a comprehensive Strengths & Weaknesses/Opportunities & Threats profile of the renewable energy industry in the United States.
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