2018 Renewable Energy Industry Outlook
Short-term uncertainty amid longer-term tailwinds
Heading into 2018, the renewable energy industry faces an unusual degree of policy uncertainty, but it's also riding some strong tailwinds that will likely promote longer-term growth. Which policies could have the most impact on the industry in 2018 and beyond? And which factors can help drive long-term growth, despite potential policy impacts? Read about the state of the industry in Deloitte's 2018 Renewable Energy Outlook, a take from Marlene Motyka, US and Global Renewable Energy leader, Deloitte Transactions and Business Analytics LLP.
- Policy proposals fueling uncertainty for renewable industry
- Marlene Motyka's take on 2018
- Additional perspectives
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Policy proposals fueling uncertainty for the renewable industry
While observers from outside the renewable industry might expect the administration's intention to withdraw from the Paris climate accord and dismantle the Clean Power Plan to pose roadblocks, the industry is more likely concerned about a trio of policy proposals and federal actions that have yet to be resolved as of early December. These include federal tax reform legislation, the Section 201 solar trade case, and the US Department of Energy's (DOE) proposed grid resiliency pricing rule.
To put these issues in perspective, as of early December, the most potentially impactful policies have not yet been finalized. And despite short-term uncertainty, renewable power sources are riding some very strong tailwinds that will likely continue to promote growth in the longer term.
Download the outlook for further insight on renewable energy trends projected for 2018.
Marlene Motyka's take on 2018
The pace of growth will likely moderate as markets mature, and US policy uncertainty may cause additional challenges along the way. But longer-term, powerful enablers such as robust customer demand across multiple business segments and global regions, declining prices, decarbonization, digitalization, and the drive to boost resiliency will likely underpin continued strong growth.
While sources of demand for renewables continue to expand and diversify, technological advances are paving the way for increased deployment by easing renewable integration into the grid. Two areas of rapid progress are energy storage and digitalization.
Additional perspectives on renewable energy industry trends
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Power and Utilities Industry Outlook
The power and utilities industry is on a journey of important change. It is experiencing changes in technology, generation choices, customer empowerment, regulations, and risk. These changes could gain even more momentum as we move into 2018, in a world where the expanding potential of digitalization allows utilities to be more nimble and adaptable.
Oil and Gas Industry Outlook
With the oil and gas industry in its fourth year of this extended downturn, OPEC policy, the future of unconventional oil, and the strength of demand determining prospects for recovery, we focus on trends for 2018 that likely have staying power. These include the confirmation of the United States as a globally important oil and gas exporter, continued progress on cost reduction and efficiency in US unconventional oil drilling, rising natural gas demand in more sectors and geographies, and the onset of the digital age—bringing perhaps a step change in the oil and gas sector's ability to boost productivity while also reducing cost.
Read our 2018 Oil and Gas Industry Outlook
In today's rapidly evolving marketplace environment, key business issues are converging with impacts felt across multiple industry sectors. What are the key trends, challenges, and opportunities that may affect your business and influence your strategy? Look for more perspectives and insights from some of Deloitte’s forward thinkers.