Renewable energy gaining market share in Europe

Europe is well on its way toward achieving its pledged target of having nearly 22% of its entire energy supply in renewable energy sources by the end of this decade said Palo Alto, Calif.-based Frost & Sullivan analyst Vijay Shankar Murthy in a recent Technical Insights paper. Accelerated research is the key."Instead of viewing renewables as a threat to revenue, oil companies are broadening their energy base to include renewable energy technologies such as solar power, wind, and hydrogen—currently the three main renewable energy sectors in Europe," Shankar Murthy said.Accelerated research efforts also are in full swing to tap energy from relatively unexplored sectors such as wave, g...

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