Momentum:? mass in motion that gains speed and becomes an unstoppable force.
Solar and wind development has gained such momentum that the industry is doubling every 2 years. In the United States, solar and wind projects were half of all new generation capacity in 2012. Global investment in 2012 was $248 billion and economists project this to double by 2022.
The renewables industry has achieved momentum ? with both speed and global reach are expanding.
Global photovoltaic (PV) module prices have fallen 62% since January 2011, and the solar industry is on track to install another 100 gigawatts worldwide by 2015 -- nearly doubling solar capacity in the next 2.5 years.
The National Renewable Energy Laboratory expects the price of solar will be competitive with gas in a decade.
The Worldwatch Institute highlights the policies ? especially the Feed in Tariff ? that provide support to this growth trend.
(Chart: GTM Research)
We are now seeing dramatic impacts from our fossil fuel addiction of the last century: stronger storms, increased flooding, devastating droughts. The solution is here now ? build renewables everywhere, build them at record speed, and interconnect them to optimize efficiency and economy. Please join us in this effort.
In partnership for the planet,