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Almost 40 GW of PV in 2012 April 8, 2014

Posted by Maury Markowitz in solar.
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Well the numbers are in, and through 2013 just over 39 GW of PV went in around the world. This is the record, as you might imagine. Wind added about the same, for a total of 91 GW of renewables in the year. This compares to 95 GW of all other forms of power combined.

But the really interesting statistic is this: in spite of installing 25% more PV than the year before, the total amount of money spent to do it dropped 23% to $104 billion. That’s because the prices are falling so quickly, faster than you can install it. That $104 billion for 39 GW is $2.66 a Watt; systems today are going in much lower than that.

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