According to research undertaken by Facts & Factors, the worldwide market size and share of clean energy technologies is anticipated to reach USD 423.7 billion by 2026, up from USD 283.9 billion in 2020, with a compound yearly growth rate (CAGR) of 6.9 per cent between 2021 and 2026.
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According to a research by the Blue Economy Cooperative Research Centre, Australia has 2,233 GW of ‘technically accessible resource’ in offshore wind and a ‘major obstacle to investment and development’ due to a lack of a legislative framework that would assist it.
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In Africa, many countries are moving away from the feed-in-tariff regime to auctions for allocation of renewable energy projects, indicating a trend towards a competitive market and consequent increase in financing and deployments.
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