Global installed wind and solar capacity had topped one trillion watts (1 terawatt) by the end of H1 2018, according to a report by Bloomberg New Energy Finance (BNEF). The second TW cost $2.3tn and took around 40 years to achieve. The first TW could be in place as early as 2023, costing just $1.23tn, BNEF predicted. The study said 54% of current installed capacity is wind but predicted solar could take over by early 2020, helped by increased investment in storage.
Global installed wind and solar capacity had topped one trillion watts (1 terawatt) by the end of H1 2018, according to a report by Bloomberg New Energy Finance (BNEF). The first TW cost $2.3tn and took around 40 years to achieve. The second TW could be in place as early as 2023, costing just $1.23tn, BNEF predicted. The study said 54% of current installed capacity is wind but predicted solar could take over by early 2020, helped by increased investment in storage.