Annual Solar Installs Beat Wind For First Time

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Bloomberg New Energy Finance reports that solar power capacity installed around the world this year will beat wind for the first time driven by stronger policy support in key markets.

“Photovoltaic plants will add about 36.7 gigawatts globally in 2013 and wind farms 35.5 gigawatts, or almost 25 percent less than last year, the research company said today in a statement. Solar capacity will rise about 20 percent from 2012.

“The dramatic cost reductions in photovoltaics, combined with new incentive regimes in Japan and China, are making possible further, strong growth in volumes,” said Jenny Chase, BNEF’s head of solar analysis.

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.”

Article appearing courtesy Celsias.

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Walter’s contributions to CleanTechies over the past 4 years have been instrumental in growing the publications social media channels via his ongoing editorial and data driven strategies. He is the founder and managing director of Sunflower Tax, a renewable energy tax and finance consultancy based in San Diego, California. Active in the San Diego clean technology community, participating in events sponsored by CleanTech San Diego, EcoTopics, and Cleantech Open San Diego, Walter has also been a presenter at numerous California Center for Sustainability (CCSE) programs. He currently serves as an adjunct professor at the University of San Diego School of Law where he teaches a course on energy taxation and policy.

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