World Reaches 1,000GW of Wind and Solar, Keeps Going

Bloomberg NEF data indicate that the world has attained the landmark figure of 1TW of wind and solar generation capacity installed.  We estimate that the second terawatt of wind and solar will arrive by mid-2023 and cost 46% less than the first.

New output from the BNEF database shows that there were 1,013GW of wind and solar PV generating capacity installed worldwide as of June 30, 2018.  The 1TW milestone would have been passed sometime just before this date.  The total is finely balanced between wind (54%) and solar (46%).

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