NewEnergyNews: QUICK NEWS, July 31: WORLD RENEWABLES TO RISE; SUN TO HIT $134BIL BY 2020; VIRGINIA LOOKS OFFSHORE FOR WIND

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    Wednesday, July 31, 2013

    QUICK NEWS, July 31: WORLD RENEWABLES TO RISE; SUN TO HIT $134BIL BY 2020; VIRGINIA LOOKS OFFSHORE FOR WIND

    WORLD RENEWABLES TO RISE World energy use to rise by 56 percent, driven by growth in the developing world

    July 25, 2013 (U.S. Energy Information Administration)

    “Over the next three decades, world energy consumption is projected to increase by 56 percent… largely in the developing world, where growth is driven by strong, long-term economic growth. Half of the total world increase in energy consumption is attributed to China and India…Although petroleum and other liquids remain the largest source of energy, the liquid fuels share of world marketed energy consumption falls from 34 percent in 2010 to 28 percent in 2040. Renewable energy and nuclear power are the world's fastest-growing energy sources, each increasing by 2.5 percent per year…Natural gas is the fastest growing fossil fuel…[growing] by 1.7 percent per year…” click here for more

    SUN TO HIT $134BIL BY 2020 Solar PV Market Forecasts; Installed Capacity, System Prices, and Revenue for Distributed and Non-Distributed Solar PV

    3Q 2013 (Navigant Research)

    "…Following years of solar PV module oversupply and unsustainable, often artificially low pricing, 2013 is expected to be the year that the global solar PV market begins to stabilize. Market activity is shifting from Europe to Asia Pacific and, potentially, the United States…There is also considerable opportunity in…Chile, South Africa, and Saudi Arabia…By the end of the decade, solar PV is expected to be cost competitive with retail electricity prices without subsidies in a significant portion of the world. Navigant Research forecasts that annual revenue from solar PV installations will surpass $134 billion by 2020…” click here for more

    VIRGINIA LOOKS OFFSHORE FOR WIND 112,800 acres off Virginia coast to be auctioned for wind energy

    Tamara Dietrich, July 23, 2013 (Hampton Roads Daily Press)

    “Nearly 112,800 acres off the coast of Virginia are set to be auctioned in September for wind energy development — the second such competitive lease sale in the country, the federal government announced…The move was praised by federal and state officials and environmental groups for its potential to create jobs, strengthen the country's energy security and competitiveness and develop large-scale clean energy projects…Eight companies are prequalified to bid, including Dominion Virginia Power, which is both the largest power company in the state and the largest participant in the auction…” click here for more

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