Lucintel's Benchmarking of Wind with Solar Energy: Wind Energy to Lead Renewable Energy Pack


   January 1 2013


Dallas, TX – January 13, 2011: Wind and solar are clean renewable energy sources available across the globe. The business of generating electricity from wind and solar energy is growing and is poised for rapid expansion as the US, China and rest of the world look for cleaner and more sustainable ways to generate electricity. As per Lucintel’s estimates the wind energy market is expected to reach $108 billion, the solar photovoltaic (PV) market $101 billion and the solar thermal market to $17 billion by 2016.



 



Investment in renewable energy calls for a proper analysis, therefore Lucintel has performed a analysis of the global wind and solar energy markets and has published a comprehensive research report, “Benchmarking of Wind with Solar Energy 2011-2016: Cost, Profit and Opportunity Benchmarking”.



As per the study, the cost of generating electricity from wind is low as compare to solar PV and solar thermal. Its low levelized cost gives it a Competitive Advantage over solar PV and solar thermal. The low capital cost of wind energy further enhances its competitive advantage over solar PV and solar thermal.



Typically, the return on investment of wind energy about is 9%, while the ROI of solar PV and solar thermal are both about 8%.  Generally, investors will require an ROI of 8% or higher if they are investing in an idea/product. The average internal rate of return for wind energy of 11% also surpasses that of solar energy. Increasing energy consumption, together with government support, will drive renewable energy growth, resulting in a sound future for renewable energy sources.



Lucintel’s report makes a detailed assessment of the renewable energy industry offering the client a better understanding of the market’s current trends and forecasts. Apart from covering the profit and risk analysis of generating power from these renewable energy sources, the report also benchmarks installation and operational costs of solar and wind energy,   



For a detailed table of contents and pricing information on this timely and insightful report, please contact Lucintel at +1-972-636-5056 or via email at helpdesk@lucintel.com. This market report is published by Lucintel, a leading global Management Consulting and market research firm with over 1,000 clients worldwide. To find out more, please visit http://www.lucintel.com.



Contact: Roy Almaguer, +1-972-636-5056 or via email at helpdesk@lucintel.com

Lucintel Corporate Customers

Market Entry, M & A, Opportunity Screening,...

Private Equity Customers

Buy Side Services (target screening, due diligence, ..)

Market Research Reports

Aerospace & Defense [44]
Chemical [101]
Composites & Advanced Materials [100]
Construction & Industrial [41]
Consumer and Retail [78]
Economic Analysis [86]
Energy & Utility [68]
Finance & Services [10]
Healthcare [25]
Media & Entertainment [16]
Metals & Mining [16]
Technology & Telecommunication [50]
Transportation [76]

Customer Quotes

"With more than 20 years experience in the industry, this is the first time we have come across such an extensive market analysis for our industry." Ven Cote, CEO, ZCL

"The insights we gained from Lucintel work helped with our business plan…a wonderful professional job…" Mike Jackson, Stahlin

"The report from Lucintel is useful not only for business planners, but also for the technology officers wanting to create a roadmap …" Dr. Giulio Ranzo, Booz Allen

"The information is so comprehensive, it has allowed us to identify & focus our business development efforts. It saved months of leg-work." Bill Barz, L&L Products

"We bought Lucintel report because it is the best report about our industry…a complete and appropriate analysis." Cesare Andrenacci, Ferretti

Quick Query

Hexcel Corporation to Acquire Oxford Performance Materials’ Aerospace & Defense Business ...
FACC Wins Additional Order for Bombardier C Series...
Spirit AeroSystems Plans Major Expansion, Job Growth in Wichita, Kan....
Diab Signs Long-Term Contracts ...
CPS’ HybridTech Armor Undergoing U.S. Navy Sea Trials...

Follow us on