Report Feature
According to this report “Benchmarking of Wind with Solar Energy” - the global wind production capacity is expected to reach 430.6 GW, solar Photovoltaic 125.9 GW and solar thermal 20 GW by 2015 respectively. Despite of recent economic slowdown, energy demand is on rise in Asian and other developing economies due to high industrial growth and greater usage of industrial goods.
Although, cost of generating electricity, easy availability of abundant raw materials and capacity factors have always encouraged the growth of conventional energy but the environmental concerns, accelerating fuel prices and emission regulations like Kyoto protocol have accelerated the growth of renewable energy across the globe. As far as the cost of generating electricity is concerned, wind is less costly compare to solar energy. Over the next 5 years, wind energy market is expected to reach $ 104 B, solar PV $88.5 B and solar thermal $24 B by 2015. Wind farms are profitable as compare to solar energy.
Some of the features of this market report are:
• Trend and forecast of wind, solar PV, solar thermal in terms of capacity install.
• Market size of wind, solar PV, solar thermal by value
• Major growth drivers and challenges for each of energy sources.
• Trend and forecast of Levelised Cost of Energy (LCOE) for each of the energy sources in terms of $/MWh
&bTable of Contents
Methodology
- In-depth interviews of the major players in this market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
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