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29 Renewable Energy Markets You Need to Watch Out For in 2019

You won’t have to look far to find a renewable energy market worth tracking this year. As more countries establish gigawatt-scale markets for renewables and storage, the global picture is getting much more diverse.

Experts helped GTM identify at least 29 countries where wind, solar and energy storage prospects will be worth keeping an eye on in 2019.

Australia: Solar

Australia is hardly a new market for solar, but that won’t make it any less interesting in 2019, said Wood Mackenzie solar analyst Rishab Shrestha. “Australia's utility-scale solar [market] is picking up pace rapidly from this year onward through 2020,” he said.

Australia has a solar pipeline of more than 30 gigawatts, he said, as a result of the country’s Large-Scale Renewable Energy Target, corporate power-purchase agreements (PPAs), state auctions and merchant projects.

United States: Energy storage

The U.S. leads the world in energy storage, and its 2019 market won’t disappoint. Behind the meter, watch out for Massachusetts, New England and New York, as well as California and Hawaii, said Wood Mackenzie Senior Energy Storage Analyst Brett Simon.

For front-of-meter action, “keep a close eye on the Carolinas,” said Daniel Finn-Foley, another senior energy storage analyst at Wood Mackenzie. “Duke's heavy investment in storage there could spark interest across the Southeast,” he said.

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