27 Mar '14, 1pm

overtake wind power by 2021

Solar versus wind. PV installations will overtake those of wind by 2021, according to Clean Edge. Global cumulative PV capacity will overtake that of wind by 2021, according to a report from US-based market research firm Clean Edge. With annual PV installations having narrowly edged out wind for the first time in 2013, Clean Edge predicts the ongoing trend of falling PV prices will push total solar installations beyond wind within the next seven years. The 2014 instalment of Clean Edge’s annual ‘Clean Energy Trends’ report confirms other recent PV market analysis, noting that buoyant end-market demand in 2013 has given the industry a strong platform for growth over the next few years. Although it noted cumulative wind capacity is currently 2.5 times greater than solar PV, PV’s 1GW margin over wind in 2013 marked the beginning of a catch-up process that will see PV eventual...

Full article: http://www.pv-tech.org/news/pv_capacity_to_overtake_wind_...

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