Some 36.7GW of PV will be added globally this year, compared to 35.5GW of wind (21% of it offshore), says Bloomberg New Energy Finance.
The shift is due to an expected 25% drop in global wind installations this year, a result in part caused by the fall-off in the US market, which looks likely to rebound again in 2014.
The global PV market, in contrast, is on track to grow nearly 15% in volume terms this year, although industry revenues are a different story, given the sharp sector-wide price decline.
“The
