PV 'to outstrip wind this year'

The world will add more PV capacity than wind in 2013, a first for the solar sector, according to a new estimate.

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 dramatic cost reductions Log in to read complete article.

Become a Recharge subscriber!

Or try our free trial.

Order Subscription

Already a member?


Recharge Monthly Magazine