30 Sep '13, 7pm

In the renewable energy race, solar power is hot hot hot

In the renewable energy race, solar power is hot hot hot

Solar power installations are expected to edge out new wind farms this year for the title of fastest-growing clean energy source. Bloomberg New Energy Finance has projected that photovoltaic plants like this monster that we reported on last week will add 36.7 gigawatts of capacity this year — up 20 percent from last year. New wind farms, meanwhile, will add 35.5 gigawatts. That’s an awesome figure, too, but it’s nearly a quarter less for wind than in 2012. From Bloomberg : Lower panel costs and government support are accelerating deployment of solar energy even as growth slows in the mature European markets. Wind installations, more than double solar before 2011, are also being slowed by Europe, as well as a lack of clarity on policy in the U.S. and China. Wind power installations will drop by almost a quarter this year to their lowest level since 2008 because of the polic...

Full article: http://grist.org/news/in-the-renewable-energy-race-solar-...

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