26 Mar '14, 4pm

Report: Global #solar deployment edged out wind in 2013

reports the world installed more new solar photovoltaic generating capacity than wind in 2013 - 36.5 GW vs. 35.5 GW. The market research firm says record levels of new solar deployment in China, Japan and the U.S. combined with a down year in the wind industry to create this situation. Combined global revenue for solar PV, wind power and biofuels held nearly steady at $247.6 billion, down just slightly from $248.7 billion in 2012. The global solar market enjoyed growth of 15%. The Clean Edge report’s key findings include the following: Solar photovoltaics - including modules, system components and installation - grew to $91.3 billion from $79.7 billion in 2012; Wind power - including new installation capital costs - fell to $58.5 billion from $73.8 billion in 2012; and Biofuels - including global production and wholesale pricing of ethanol and biodiesel - rose slightly fro...

Full article: http://www.solarindustrymag.com/e107_plugins/content/cont...

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