Oct 12 2010
Clean energy sources such as wind and solar energy are available in large quantities in all the regions all over the world.
The power generating business utilizing solar and wind energy is rising and is expected to achieve speedy growth in countries such as U.S and China and other parts of the world that look into ways to produce energy from clean energy sources.
The Reportlinker report titled ‘Benchmarking of Wind with Solar Energy,’ predicts that global power production through wind energy will reach a stupendous 430.6 GW in the year 2015 while the solar PV will follow it with 125.9 GW and solar thermal with 20 GW power generation capabilities respectively. The report mentions that the economic slow down did not deter the demand for energy and it is witnessed more in Asian and other developing countries due to the growth in industries and a rise in handling of industrial goods. Though the conventional energy production continues to thrive because of plentiful availability of raw materials and production capacity reasons, but the rise in costs of fossil fuels, and emission stipulations and environment concerns expressed by the Kyoto protocol speeded up the growth of renewable energy use all over the world. The report further states that the wind energy which costs less than solar power production is expected to cross the $ 104 B mark by 2015 while solar PV and solar thermal will follow it with $88.5 B and $24 B and adds that wind farms will continue to offer more profits in the coming years.
The exclusive report provided by Lucintel provides precious details, offers clear perception of the current trends and forecasts of various energy sources with cost involved for each such production. The report provides details on trends and forecasts, market size, factors that drive the growth and the anticipated challenges, Levelised Cost of Energy trends and forecasts, cost breakdown and cost drivers, risk and profit analysis and value chain analysis for clean energies such as solar thermal, solar PV and wind.
Source: http://www.reportlinker.com/