Wednesday, December 10, 2014

A New Report Says Distributed Generation like Solar Will Double Globally by 2023

Installing Rooftop Solar in California (Credit: AP Photo / Reed Saxon) Click to Enlarge.
A new report by Navigant Research projects that distributed generation will roughly double in the next nine years.

Distributed generation (DG) is the decentralized production of electricity by small-scale systems — most often in the form of rooftop solar, but it can include biomass, wind, and other forms of renewable power as well.  Navigant Research’s analysis also included natural gas and diesel generators of 6 megawatts or less, along with solar arrays of one megawatt or less and small wind turbines of 500 kilowatts or less.

According to their forecast (unfortunately behind a paywall) the total capacity for DG installed around the world will grow from 87.3 gigawatts in 2014 to 165.5 gigawatts in 2023.  Most of the growth is anticipated to come from the deployment of solar. Geographically, the biggest increase in the projection was in Western Europe, with North America and the Asian Pacific not too far behind.

“Utilities in Western Europe are losing hundreds of billions of dollars in market capitalization as DG reaches higher levels of penetration in leading countries such as Germany, the United Kingdom, and Italy,” said Dexter Gauntlett, a senior research analyst with Navigant Research.  “The prospect of similar losses by utilities in the United States is prompting a struggle among utilities, the DG industry, and regulators over the future of DG models.”

Read more at A New Report Says Distributed Generation like Solar Will Double Globally by 2023

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