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Report: Global Solar Deployment Edged Out Wind In 2013

Nov 23rd 2015 at 10:53 PM
Clean Edge reports the world installed more new solar photovoltaic generating capacity than wind in 2013 - 36.5 GW vs. 35.5 GW. The market research firm says record levels of new solar deployment in China, Japan and the U.S. combined with a down year in the wind industry to create this situation.Combined global revenue for solar PV, wind power and biofuels held nearly steady at $247.6 billion, down just slightly from $248.7 billion in 2012. The global solar market enjoyed growth of 15%.The Clean Edge report’s key findings include the following:Solar photovoltaics - including modules, system components and installation - grew to $91.3 billion from $79.7 billion in 2012;
Wind power - including new installation capital costs - fell to $58.5 billion from $73.8 billion in 2012; andBiofuels - including global production and wholesale pricing of ethanol and biodiesel - rose slightly from $95.2 billion in 2012 to $97.8 billion last year. Global biofuels production remained constant at 31.4 billion gallons, with average prices increasing slightly.Together, Clean Edge projects that these three sectors will expand from $247.6 billion in 2013 to $397.8 billion within a decade.Venture capital investments in U.S.-based cleantech companies totaled $4.4 billion in 2013, falling 25% from $5.8 billion in 2012, according to data provided by Cleantech Group.
Panasonic Eco Solutions North America and Coronal Group have teamed up with Global Investment Renewable (GIR) to create Coronal Municipal Energy Services (CMES), a joint venture to market solar energy to U.S. municipalities.The CMES business model is to develop a portfolio of solar energy generating capacity and sell the electricity and its associated renewable attributes at prices that are competitive with traditional power alternatives. CMES expects to bring the portfolio to fruition over the next 24 months."We have a model where projects are not limited by geography," says Ed Feo, chief operating of officer Coronal. "We are excited about this joint venture and believe it has enormous potential to change the way public entities think about renewable energy."The partnership says GIR has developed more than 600 MW of solar projects and has a 2 GW pipeline of U.S. public power projects."The municipal electricity market will reach approximately $100 billion in sales this year," says Vaughn Millette, GIR's executive director. "We have worked tirelessly to fine-tune our model to the point where we can provide renewable energy at competitive prices to traditional energy."
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