Will 2012 belong to wind power or solar power?
Both these industries are sensitive to global technology changes and, therefore, pricing. India has undertaken a solar mission and is also looking at wind energy. The year 2012 will see how these two shape up.
January 07, 2012 / 12:56 IST
Harry Shimp/Forbes India
Both these industries are sensitive to global technology changes and, therefore, pricing. India has undertaken a solar mission and is also looking at wind energy. The year 2012 will see how these two shape up.I think wind technology is headed upwards. The industry has improved the performance of both turbines and blades, and this technology will continue to improve, yielding better economics for customers. Changing government policies have not been kind to renewable energies over the past two years, and both solar and wind energies are heavily dependent on subsidies. 2010 was a tough one for the wind business, with government support declining markedly, thus affecting demand. In 2011, demand and pricing stabilised for wind, but solar energy experienced what may be the worst year in its history. 2012 will be marginally better for solar, but only marginally. Fortunately, over the long term, there will be place for both these technologies in a country
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