UPDATE: Mining Industry Investment in Renewable Energy Will Reach Almost $20 Billion by 2020, Forecasts Pike Research | SYS-CON MEDIA

Mining Industry Investment in Renewable Energy Will Reach Almost $20 Billion by 2020, Forecasts Pike Research | SYS-CON MEDIA: "The Asia Pacific region, which has seen its market share of the worldwide mining sector increase to 44% in the last decade, will see the greatest investment in renewable energy in the mining industry through 2020, at $9.4 billion. In the United States, the market will reach $4.6 billion in the same year. In general, Pike Research anticipates that investments in, and purchases of, renewable energy technologies from the mining industry will range from 10% to 20% of total energy expenditures during the forecast period. Pike Research’s report, “Renewable Energy in the Mining Industry”, provides a detailed examination of energy consumption dynamics in the global mining industry, along with an analysis of the market opportunity for greater utilization of renewable energy. The study assesses the market drivers and policy issues that are influencing mining companies’ increasing interest in renewable energy, along with a review of the technology issues associated with each option."

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