RENEWABLES
It ’ s no secret the energy landscape is changing . More countries are relying on renewable energy sources and are attempting to phase out fossil fuels . When one examines the speed with which the transition is occurring , however , the findings are somewhat staggering .
In August , consulting firm Frost & Sullivan reported that revenues in global solar power market are expected to more than double by 2020 , from $ 60 billion in 2013 to $ 137 billion .
2020 is an important year for the industry , as there has been quite a bit of research conducted and outlooks provided that set this near-future date as an important milestone or target .
While there multiple figures
‘ In August , consulting firm Frost & Sullivan reported that revenues in global solar power market are expected to more than double by 2020 , from $ 60 billion in 2013 to $ 137 billion ’ contributing to this boom , it ’ s still quite the thing to realize that the market will be twice its current size in only 6 years .
So , what does this vision of the near future look like for the solar industry ?
No Surprise As renewable energy website CleanTechnica notes , Frost & Sullivan ’ s report isn ’ t telling people anything they don ’ t already know .
“ According to the report , ‘ Frost & Sullivan estimates that global solar market revenues will grow between 2014 and 2020 despite the economic uncertainty in the global markets ,’” writes Joshua S . Hill , “— a statement that needs to be awarded a big ol ’ ‘ No kidding !’ for its absolute lack of insight .”
So , what ’ s the main takeaway if the industry is expected to explode anyways ?
The report does note that Asia will see the most development , accounting for 46 % of annual installed solar capacity . The top four countries expected to take the greatest leaps toward are China , Japan , India , and Australia .
The biggest question mark in that group is most certainly
26 November 2014