According to the report, "Comparative analysis of energy solar wind" - the global wind generating capacity is expected to reach 430.6 GW 125.9 GW of photovoltaics and solar thermal 20 GW by 2015. Despite the recent slowdown in economic growth, energy demand is increasing in Asia and other emerging economies, high growth industries, and greater use of industrial products. market research reports
Although the cost of producing electricity, easy availability of abundant raw materials and capacity factors have encouraged the growth of conventional energy, but environmental issues, to speed up the prices of fuels and emission standards, such as the Protocol Kyoto have accelerated the growth of renewable energies worldwide. What is the cost of producing electricity, wind is cheaper than solar energy. The next 5 years, wind energy market expected to reach $ 104 B $ 88.5 B solar photovoltaic and solar thermal $ 24 B in 2015. Wind farms are profitable compared to solar energy.
For more information kindly visit : Benchmarking of Wind with Solar Energy
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