Published on September 30th, 2013 | by Anneli Hidalgo0
Solar to add more megawatts than wind in 2013
According to a new report by Bloomberg New Energy Finance, this year will be the first in which PV has added more megawatts than wind.
Last year, wind – onshore and offshore – added 46.6GW, while PV added 30.5GW. According to figures from 2013, 33.8GW of new onshore wind farms, plus 1.7GW of offshore wind, will be added globally in 2013. Thus, a slowdown in the world’s two largest wind markets, China and the US, is opening the way for the rapidly growing PV market to overtake wind. “We forecast that wind installations will shrink by nearly 25% in 2013, to their lowest level since 2008, reflecting slowdowns in the US and China caused by policy uncertainty. However, falling technology costs, new markets and the growth of the offshore industry will ensure wind remains a leading renewable energy technology,” said Justin Wu, head of wind analysis at Bloomberg New Energy Finance, in a press release.
Furthermore, the report forecasts that wind (on and offshore) will expand from 5% of the world’s total installed power generation capacity in 2012, to 17% in 2030. PV, from a lower base of 2% in 2012, will grow to 16% by 2030.