Saturday, August 16, 2014

In Brief: Annual Report On Renewable Energy Trends

RenewableEnergyWorld ran a readable item on what Clean Energy Trends included in its annual market report. Included:

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The report begins by pointing to the increase in solar PV adoption over the globe and notes that 2013 was the first time in history that global solar installations (36.5 GW) were greater than global wind power installations (35.5 GW). Wind had its weakest year since 2008, the report said.

Clean Edge believes this is a trend that will continue, predicting that solar PV will experience double-digit growth in capacity year upon year and that by 2023 revenue growth in the PV industry will be $158.4 billion despite that fact that installed prices will continue to fall. The report authors predict an installed PV system price as low at $1.21 per watt by 2023. Over the same period, wind will see modest expansion with a revenue growth prediction of $93.8 billion by 2023.

Source: http://electricalcontractor.com/?p=15490

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