'New era' in solar energy fuelling growth in renewables: IEA by Staff Writers Paris (AFP) Oct 4, 2017 The renewable energy sector is growing faster than expected, driven largely by a "new era" in solar power and strong expansion in China, the International Energy Agency said on Wednesday. "What we are witnessing is the birth of a new era in solar PV (photovoltaic)," IEA executive director, Fatih Birol, said in a new report. "We expect that solar PV capacity growth will be higher than any other renewable technology through 2022." The IEA calculated that new solar PV capacity grew by 50 percent last year, with China accounting for almost half of the global expansion. "For the first time, solar PV additions rose faster than any other fuel, surpassing the net growth in coal," the agency said. And boosted by that expansion in the solar sector, "renewables will continue to have a strong growth in coming years. By 2022, renewable electricity capacity should increase by 43 percent," the report said. Renewables accounted for almost two-thirds of net new power capacity around the world last year, the IEA calculated. "We see renewables growing by about 1,000 GW (gigawatt) by 2022, which equals about half of the current global capacity in coal power, which took 80 years to build," executive director Birol said. The upward revision in the IEA's growth forecast for renewable energy was largely attributable to new solar capacity being added in China and India. "Three countries -- China, India and the United States -- will account for two-thirds of global renewable expansion by 2022," the IEA said. "Total solar PV capacity by then would exceed the combined total power capacities of India and Japan today." By 2022, renewables would account for 30 percent of power generation, up from 24 percent in 2016. Although coal would remain the largest source of electricity generation in 2022, renewables would close the generation gap with coal by half, the IEA said. China remained the undisputed leader of renewable electricity capacity expansion over the forecast period with over 360 GW of capacity coming online, or 40 percent of the global total. "China's renewables growth is largely driven by concerns about air pollution," the IEA said. And despite policy uncertainties at the federal level, the United States remained the second-largest growth market for renewables, the IEA said.
Ames IA (SPX) Oct 03, 2017 PrISUm is proud to announce our corporate partnership with Baron. PrISUm is the Iowa State University Solar Car Team, a student run organization which designs, builds, and races vehicles powered by the sun. Baron is a global provider of Critical Weather Intelligence to industry and government PrISUm's mission is to change the paradigm of transportation, and in doing so inspire future gener ... read more Related Links All About Solar Energy at SolarDaily.com
|
|
The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us. |