In spite of all the news media hype and political hot air with regard to the Solyndra story, in fact the rapid growth in clean energy continues unabated, with impressive projections for wind and solar from the U.S. Energy Information Administration out to 2035:
The U.S. Energy Information Administration's International Energy Outlook 2011 (IEO2011) projects that the amount of global hydroelectric and other renewable electric generating capacity will rise 2.7% per year through 2035, more than any other electricity generating source (see chart above). The IEO2011 also projects that China and India will lead the way in adding hydroelectric and renewable electric generating capacity.
Among renewables, installed hydroelectric power capacity is expected to increase more than other renewable sources between 2008 and 2035. However, installed solar power capacity sees the largest growth rate over the projection period, expanding 8.3% per year, based on EIA's IEO2011 released on September 19, followed by 5.7% for wind, 3.7% for geothermal, 2.0% for hydropower, and 1.4% for other renewables such as wood waste, landfill gas, and agricultural byproducts.
This forecast turns the Solyndra story into far more of a blip, and far less of a significant development, in the overall picture of world renewable energy growth.