Global solar deployment to add 3.8 TWac of new project capacity by 2033 compared to 1.6 TW of wind power, while 640% growth is forecast for energy storage From 2024 to 2033, developers will bring more than 5.4 terawatts (TWac) of new solar and wind capacity online, increasing the cumulative … [continued]
RenewEconomy is a well-established Australian website focusing on green energy. Last week, they published an article by Andrew Blakers based around the claim that “New solar capacity is being installed faster than anything else in history.” This received some pushback online (“disinformation!”), on the grounds that: (i) this is only … [continued]
Even as Fossil Energy Still Provides Most of the World’s Electricity, New Electricity Generating Capacity Is Dominated by Renewable Energy Projects
In terms of absolute scale, China and the USA have long been leaders in the growth of solar power. And, really, China stands alone at the top. It had deployed 462 gigawatts of solar PV by the end of 2022, which was 37.5% of the whole world’s total, 1,233 gigawatts. … [continued]
Wood Mackenzie Power & Renewables has published a new report which outlines the analyst group’s prediction that global solar PV installations will reach a new high of 114.5 gigawatts (GW) in 2019, growing by 17.5% on 2018 and putting the industry on track to reach around 125 GW per year by the early 2020s.
The continuing decline in costs for wind, solar, and battery storage technology will drive a global power grid half-powered by renewables by 2050, according to new projections published this week by Bloomberg New Energy Finance.
A new report published this week by the International Renewable Energy Agency has found that 77% of onshore wind projects and 83% of utility-scale solar PV projects set to be commissioned in 2020 will be cheaper than the lowest fossil fuel-fired generation prices.
Leading energy market intelligence firm Wood Mackenzie Power & Renewables has published its latest market outlook of the global solar PV market in conjunction with a stunning visualisation which shows China’s meteoric dominance of the solar industry which dates back to 2011.
European solar trade body SolarPower Europe has doubled down on its belief that the global solar industry installed over 100 gigawatts (GW) in 2018 while predicting 800 GW of new capacity will be brought online over the next five years, bringing cumulative capacity to 1.3 terawatts by the end of 2023.
The global solar PV market is expected to bounce back from slower growth in 2018 with a return to form in 2019 that will see double-digit growth in the range of 25% and total solar installations nearing 130 gigawatts (GW), according to analysts IHS Markit.
