Kiplinger's 5 Pillars of Renewable Energy +1- Distributed Efficiency Technology
SOLAR Size of industry:Worldwide: $29.6 billion U.S.: $3 billion, accounting for 0.4% of the nation's electricity Major players: First Solar, SunPower, China Sunergy (China), Suntech Power (China) Potential: Could provide 10% of the nation's electricity by 2025. Worldwide sales could grow to $81 billion by 2018. Problems: Solar energy wonÕt be cost-competitive with other forms of energy until 2015Ñtoday it relies heavily on subsidies. Also, growth depends heavily on the development of nationwide power grids. WIND Size of industry:Worldwide: $51 billion- U.S.: $17 billion, accounting for 1.3% of the nation's electricity Major players: General Electric, Vestas (Denmark), Gamesa (Spain), Siemens (Germany), Mitsubishi Heavy Industries (Japan) Potential: The industry seeks to produce 20% of U.S. electricity by 2030. Sales could hit $35 billion a year in a few years. Worldwide: $139 billion by 2018. Problems: Getting the electricity to major cities from remote wind farms will re...