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As Economics Shift, Wind Developers See the Light on Solar Power

Feb 25, 2013
Source: 
(Midwest Energy News)

Wind energy companies are getting into the solar game.

An ongoing lull in wind projects and falling solar panel prices has wind companies looking to add solar projects to their portfolios.

In the U.S., 2013 is projected to be a lost year for the wind industry, which added more than 13 gigawatts of capacity in 2012 but could do as little as 3 gigawatts this year in the aftermath of the latest uncertainty over the federal wind production tax credit.

Meanwhile, solar is surging. Duke Energy President Gregory Wolf recently predicted that U.S. solar installations could surpass new wind additions this year for the first time ever.