Renewables MMI®: Wind, Solar Set Sales Records in 2014 Thanks to Chinese Purchases

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Production of wind turbines and solar panels soared in 2014, according to FTI Consulting, a global business advisory group. Increased demand from China fueled a turnaround for renewable energy manufacturers that had struggled with overcapacity and a sharp slowdown in demand from developed countries in recent years.

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Denmark’s Vestas cemented its position as the world’s leading wind turbine maker, while Trina Solar of China displaced Yingli Green Energy, also of China, as top panel maker.

 

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