Sep 26, 2013 - Solar power capacity installed around the world this year will beat wind for the first time driven by stronger policy support in key markets, according to Bloomberg New Energy Finance.
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. read more>>>