Expected Trends for the Renewable Energy Industry in 2012
Global renewable energy annual capacity grew from 64.6 GW in 2010 to 75.4 GW in 2011, and annual capacity for 2012 is expected to be 79.8 GW. Wind is the most prominent renewable technology and has contributed more than 50% of the annual capacity additions in the year 2010 and 2011. Solar PV ranks second in terms of capacity addition. The renewable industry is going through a lot of changes, many of which have been greatly influenced by the economic downturn. In this article, we examine some of the key trends expected to influence the global renewable market in the future.
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