26 Jan '15, 5pm

"Global solar power capacity is due to increase from 93.7 GW in 2012 to 668.4 GW in 2025"

New analysis from Frost & Sullivan, Annual Renewable Energy Outlook 2014, forecasts the global installed capacity of renewable energy to more than double from 1,566 gigawatts (GW) in 2012 to reach 3,203 GW in 2025 at an average annual growth rate of 5.7 per cent. Following are few highlights from the report: Solar photovoltaic (PV) technology is expected to account for 33.4 per cent of total renewable energy capacity additions over the 2012-2025 period. Wind follows closely at 32.7 per cent, ahead of hydro power at 25.3 per cent. Other renewable technologies will represent the remaining 8.6 per cent of capacity additions. However, economic difficulties in many parts of the world are affecting the outlook for renewable energy. In much of the Western world, the weak economic climate has impacted support schemes, which will continue to be the lifeline for many renewable energ...

Full article: http://www.renewableenergyfocus.com/view/41230/frost-sull...

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