Global renewable energy trends
Solar and wind move from mainstream to preferred
Renewable energy sources, notably solar and wind, are reaching price and performance parity on and off the grid, according to the Deloitte Global renewable energy trends report.
Renewable energy is rapidly becoming a preferred “mainstream” energy source. A broad range of energy consumers—including cities, communities, emerging markets and corporations—are increasing demand for renewables as they are best able to meet consumers’ cost, decarbonization, and reliability goals. Solar and wind power now come closest to meeting three energy consumer priorities: reliability, affordability, and environmentally responsible.
This following document considers wind and solar energy challenges and technologies likely to accelerate the deployment of renewables.