Wind power now supplies about 3% of the world’s electricity, and the signs are good for the next several years.
Australia’s biggest coal customers are expected to turn away from fossil fuels because solar and wind energy will provide a cheaper option within 5 years. While Australia looks to stop renewables, India and China are looking at renewable shares of up to 45%.
Fisker, backed by billionaire Lu Guanqiu, is determined to compete with Tesla in the EV market, or go broke trying.
Tesla goes with Hanergy’s thin-film flexible PV system for its electric vehicle supercharger network in China.
With about 37,007 megawatts (MW) of solar PV power installed in 2013, world solar PV power capacity increased about 35% to 136,697 MW.