27 Sep '13, 10am

Global #solar capacity growth to outstrip #wind power for first time in 2013 via @REWorld #renewables

predicts that 36.7 GW in new solar PV capacity will be added worldwide in 2013, compared with 35.5 GW in new wind installations (33.8 GW onshore and 1.7 GW offshore). Both wind and solar PV broke records last year, with onshore and offshore wind adding 46.6 GW and solar PV adding 30.5 GW. But 2013’s slowdown in the two largest wind markets, China and the U.S., is opening the way for the rapidly growing PV market to overtake wind, BNEF said. Justin Wu, BNEF’s head of wind analysis, said, "We forecast that wind installations will shrink by nearly 25 percent in 2013, to their lowest level since 2008, reflecting slowdowns in the U.S. and China caused by policy uncertainty.” In the U.S., the repeated last-minute extension of the Production Tax Credit has created what analysts have called a perpetual boom-and-bust cycle. This year’s uncertainty led to a drop in investment, causi...

Full article: http://www.renewableenergyworld.com/rea/news/article/2013...

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Solar Growth Outpaces Wind for First Time

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predicts that 36.7 GW in new solar PV capacity will be added worldwide in 2013, compared with 35.5 GW in new wind installa...

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