European Union Takes Action to Accelerate Biomass Energy in 2006
Green Energy Resources (OTC: GRGR) cited industry reports measuring growth forecasts of biomass renewable energy for 2006 and beyond. The reports projected growth, size, and momentum of wood biomass in the renewable energy industry. The forecasts, in conjunction with new European Union actions to accelerate biomass power generation, provide strong evidence of a rapidly expanding market place for Green Energy Resources "The global market for renewable energy technology is expected to soar by 70% over the next three years," according to McIlvaine. "The market is currently worth $27 billion and expected to reach $46 billion in 2008." According to the UK's Environmental Finance Magazine December issue, biomass power plants lead all other renewable energy sectors by a margin of more than 2 to 1, for plants scheduled to go on line between 2006 and 2012 -- an estimated 80 new biomass power plants.
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