For the first time since the 1960s, coal's contribution to India's power production capacity falls below 50% https://ift.tt/K7j5zh6 For the first time since the 1960s, coal's contribution to India's power production capacity falls below 50% According to the Institute for Energy Economics and Financial Analysis's (IEEFA) most recent POWERup quarterly report, renewable energy contributed 71.5% of India's record 13,669 megawatts (MW) of new power production capacity installed in the first quarter of this year (January–March). For the first time since the 1960s, coal's percentage of India's overall power generating capacity fell below 50% in the first quarter of 2024. According to the Institute for Energy Economics and Financial Analysis's (IEEFA) most recent POWERup quarterly report, renewable energy contributed 71.5% of India's record 13,669 megawatts (MW) of new power production capacity installed in the first quarter of this year (January–March). For the first time since the 1960s, the proportion of coal, including lignite, in India's overall power production capacity fell below 50%. The trend toward renewable energy is well ahead of India's goal of attaining 50 percent of its total power generating capacity from non-fossil fuel-based sources by 2030, according to the research. The reduction in the proportion of coal used in power generating capacity is consistent with a worldwide trend; in 2023, the demand for coal in the G7 nations fell to historic lows not seen since 1900. In an effort to expedite the shift, the G7 nations extended their earlier promise to stop constructing any new coal-fired power plants by 2035 and committed to phase out all unabated coal power output by that time. In general, "unabated" refers to the use of coal, oil, and gas without any attempts to reduce emissions. World leaders came to a historic agreement in December of last year at the United Nations' COP28 climate change summit to shift away from fossil fuels that overheat the globe and quadruple the amount of renewable energy produced globally by 2030. The federal government's annual objective of 50 GW was surpassed by a record 69 gigawatts (GW) of renewable energy tenders issued in India in the fiscal year 2023–2024, according to the report. "After a downturn from 2019 to 2022 due to supply-chain issues as well as global price spikes brought on by the COVID-19 pandemic or Russia's invasion of Ukraine, the global economy has rebounded and gone as strength to strength," Vibhuti Garg, IEEFA Director for South Asia, India is now third in the globe after the United States and China in terms of solar power output, according to Ember's fifth annual Global Electricity Review of 80 nations. India, which was ranked ninth in 2015, has now surpassed Japan, which shares Germany's continuously high coal consumption with other G7 members. In 2023, solar energy produced a record 5.5 percent of the world's electricity, with 5.8 percent coming from s...
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The nation has set bold energy targets, aiming to chop its carbon depth by 45% and be certain that 50% of its cumulative electrical energy comes from renewables by 2030. India is advancing its energy transition, balancing growth and poverty discount with a powerful dedication to emissions cuts. Unlike nations that grew in much less regulated environments, India faces a harder path to reaching its net-zero emissions objective by 2070. The nation has set bold energy targets, aiming to chop its carbon depth by 45% and be certain that 50% of its cumulative electrical energy comes from renewables by 2030. Additionally, India plans to attain 500 GW of renewable energy capability throughout the similar timeframe. Beyond large-scale hydroelectric and photo voltaic tasks, India is making vital strides in inexperienced hydrogen manufacturing. This effort includes utilizing renewable energy to energy the electrolysis of water, creating clear gasoline with out greenhouse fuel emissions. The Ministry of Energy has set a precedence to determine India as a world hub for inexperienced hydrogen manufacturing, with a objective of reaching 5 million metric tonnes yearly by 2030. This goal aligns with the ambitions of Germany, the present chief in this sector. Historically, the inexperienced energy sector has been dominated by producers from the Global North, however India is gaining momentum by means of partnerships with key gamers from the Global South. A notable instance is Malaysia’s multinational oil and fuel firm Petronas, which, by means of its renewable energy subsidiary Gentari, has invested $1.6 billion in India’s Green Ammonia Project. This initiative goals to provide 5 million tonnes of inexperienced ammonia yearly by the tip of the last decade. As Petronas celebrates its fiftieth anniversary, the corporate displays on its latest ammonia manufacturing tasks, by means of AM Green Ammonia Holdings BV, and its milestone achievement of growing Southeast Asia’s first commercial-scale Proton Exchange Membrane electrolyzer, making inexperienced hydrogen manufacturing more cost effective. Petronas’ partnership with India is rooted in a long-standing relationship that started in 1992 with exploration in the Krishna-Godavari Basin. Over the years, Petronas has performed an important function in enhancing India’s energy panorama, from increasing LNG provide to growing a state-of-the-art lubricant mixing plant in Patalganga. These efforts underscore Petronas’ dedication to supporting India’s progress and advancing the “Make in India” initiative. Some view India’s rising deal with environmental sustainability as a possible menace to Petronas’ energy operations, particularly as India strikes in direction of decreasing its reliance on fossil fuels. Yet, Petronas has proactively expanded its renewables portfolio, reflecting its robust sustainability ethos. In 2020, the corporate turned the primary Southeast Asian oil and fuel agency to
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ONGC partners to splash over $6 bn on green energy projects India's top oil explorer ONGC and its partners will invest USD 6.2 billion (Rs 50,000 crore) in green energy projects to produce carbon-free hydrogen and green ammonia as part of an ambitious decarbonization drive, officials said. State-owned Oil and Natural Gas Corporation (ONGC) has signed a pact with Greenko, one of India's largest renewable energy companies, to form a 50:50 joint venture for green energy projects. The JV will set up 5.5-7 gigawatts (GW) of solar and wind power projects, and use electricity generated from such plants to split water in an electrolyzer to produce green hydrogen, which in turn would be used for manufacturing green ammonia, they said. The renewable plants together with Greenko's pump storage power generation system will give 1.4 GW of round-the-clock (RTC) electricity that would be used to produce 0.18 million tonne of green hydrogen per annum (about 20 kg per hour). This hydrogen will be mixed with nitrogen to produce 1 million tonnes per annum of green ammonia, which in the initial years will be exported to Europe, Japan and Korea and used within the country when the market develops, they said. Officials said the renewable energy component of the chain would cost about USD 5 billion while the hydrogen and ammonia plant will cost USD 1.2 billion. ONGC is looking to set up the hydrogen and ammonia plants, which are likely to start production in 2026, on the west coast, preferably near Mangalore, where it has an oil refinery. In case the land is not available, the project may shift to Gujarat, they said. ONGC, the nation's biggest producer of crude oil and natural gas, joins the likes of Reliance Industries Ltd and the Adani group in chasing carbon-free hydrogen. The two private groups have announced multi-billion projects as part of India's net-zero goals. While hydrogen is the cleanest known fuel with zero carbon emission, it is difficult to transport and a vast majority of its production globally is used in-situ (onsite). And for these reasons, ONGC is looking at manufacturing green ammonia from hydrogen. Ammonia, which is widely used as a fertilizer, can easily be shipped. The production cost of green ammonia is high, and so its usage in India will be limited, to begin with. In countries like Japan and Korea, the law provides for use of a certain percentage of green ammonia and so they can be a natural market. Green ammonia can also be used as a marine fuel. Globally, hydrogen is seen as a decarbonization fuel as it can replace polluting fossil fuels. India is targeting the production of 5 million tonnes of green hydrogen per annum by 2030. Hydrogen is the lightest and most abundant element in the universe, but it barely exists in a pure form. Instead, it is abundant in chemical compounds, most notably bonded with oxygen in water or carbon to form hydrocarbons like fossil fuels.
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IFC Consulting Ltd. founder, Inventory-centric Management Consultant specialized in Integrated Demand and SCM, Cash management, Management Accounting and ESG, SDGs, RE100
China coal plant approvals plunge as green power grows: Study SINGAPORE – China approved the building of nine gigawatts (GW) of coal power generation in the first half of 2024, down by more than 80 per cent compared with a year earlier as the nation adds renewable energy capacity in record amounts, according to a study published on Aug 22. China is the world’s top renewable energy investor and has been adding ever-growing amounts of wind and solar capacity. It added 134.5GW of renewable energy capacity in the first six months of 2024, a 25 per cent year-on-year increase, according to Australian think-tank Climate Energy Finance and China’s National Bureau of Statistics. Wind and solar comprised 128GW of this total. In 2023, China accounted for more than half of the world’s new wind and solar installations. And as at end-June 2024, China’s installed solar power capacity totalled 714GW, accounting for 23 per cent of the nation’s total installed power generation capacity, compared with about 200GW of solar capacity for the United States. “The steep drop in new coal plant permits is a hopeful sign that China’s massive solar and wind builds are dampening its coal ambitions,” said the report’s co-author Christine Shearer, research analyst at Global Energy Monitor (GEM), which tracks fossil fuel and renewable energy projects worldwide. GEM and the Centre for Research on Energy and Clean Air (Crea), a research organisation registered in Finland and has offices across Asia and Europe, conducted the study. China’s energy investment trends are closely watched because the nation is the world’s largest source of greenhouse gas emissions heating up the planet. The world cannot win the battle against climate change without China slashing fossil fuel use and emissions. And analysts are looking for signs that emissions have peaked in the world’s second-largest economy and top coal consumer and producer. Burning coal is the biggest global source of carbon dioxide (CO2) and China has the world’s largest fleet of coal power plants. China’s coal power generation fell by 7 per cent from June 2023 to June 2024. “If renewables continue to cut into coal generation, then a peak in China’s CO2 emissions – pledged to happen before 2030 – is on the horizon, if not already here,” says the report. Yet, China is still building coal power plants. While the issuing of permits for new coal plants has plunged, construction began on more than 41GW of coal projects in the first half of 2024, or more than 90 per cent of new coal construction activities globally, according to the study. For the same period the previous year, construction starts totalled 37GW. https://lnkd.in/g5v5BSHH
China coal plant approvals plunge as green power grows: Study
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Last week a news item caught my attention. Electricity prices in France turned negative as renewable energy flooded the grid. Price turned negative as France does not have enough battery storage for renewable energy. However it was good news for the world dependent on fossil fuels. Some other countries are doing as well on renewable energy. Sweden: In 2012 Sweden reached the target of 50% renewable energy eight years ahead of schedule. This puts them on target to reach 100% renewable energy production by 2040. Costa Rica : In 2022 Costa Rica produced a whopping 98% of its electricity from renewable energy for over eight years in a row. United Kingdom is global leader in off shore wind energy. It has more capacity than any other country. Iceland : In 2015 a combination of hydro power and geothermal power ensured over 100% of Iceland's electricity production. Germany : Renewable account for 46.9% of Germany's power consumption in 2022. Norway : In 2016 , 98% of electricity generated in Norway was from renewable energy. Uruguay: The country generated 91% of its electricity from renewable sources in 2022. They also export to their neighbours Argentina and Brazil. India's foray into renewable energy is spearheaded by Adani Green which has put up the world's largest single site renewable energy park in Khavda, Kutch district in Gujarat. This project will generate 30 GW of power at a single location and take the company's total renewable capacity to 50 GW by 2030. It will harness solar and wind power to reach the targeted renewable goals. Adani group plans to invest $100 billion dollars over the next decade for transition to renewable energy. Adani Group is also looking at neighboring countries like Sri Lanka and Bhutan for investing in Green energy. Adani Green Energy is planning to invest more than $1 billion ( Rs 83.5 bn) in wind energy projects in Sri Lanka. This is the country's largest foreign direct investment and one of its most significant power projects to date. Group Chairman Shri Gautam Adani recently met Bhutan Prime minister Shri Tshering Tobgay and signed a MOU for setting up a 570 MW hydroelectric plant in Chukha province. Currently India is the third highest producer of solar power generating 113 billion units of solar power. India also has the fourth largest installed wind power capacity in the world. The on shore wind power potential of India was assessed at 132 GW. India is also fifth globally for installed hydro electric power capacity. With capacity utilisation India is on track to reach the target set for year 2030 for renewable energy. #renewableenegy #solarenergy #windpower #hydelpower #Khavdapark Adani Group ,Adani Green Energy Ltd. #GautamAdani Disclaimer : The author is not affliated to any organisation and writes in personal capacity. His views are shared for education purpose and stems from four decades in petroleum sector.
Adani Group to invest $100 bn over the next decade in energy transition: Gautam Adani - ET EnergyWorld
energy.economictimes.indiatimes.com
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Petroleum Technologist// Data Analyst// Health Safety and Environment Officer//Graphics Designer// Microsoft Operator (Excel, Word, & Power Point)//Crypto enthusiasts.
EVEN WITH RENEWABLE ENERGY THE DEMAND FOR NON-RENEWABLE ENERGY CAN’T BE OVER-EMPHASIZED Fossil Fuels (coal, oil, petroleum, and natural gas) are originally formed from plants and animals that lived hundreds of millions of years ago and became buried deep beneath the Earth’s surface. These then collectively transformed into the combustible materials that we use today for fuel. The earliest known fossil fuel deposits are formed about 500 million years ago, when most of the major groups of animals first appeared on Earth. The later fossil fuels, such as peat or lignite coal (soft coal), began forming from about five million years ago. Non-renewable energy resources are available in limited supplies, usually because they take a long time to replenish. The advantage of these non-renewable resources is that power plants that use them are able to produce more power on demand. Renewable resources (Solar, Wind, Hydro, Biomas, and Geothermal energy) on the other hand, replenish themselves. While renewable energy resources have the advantage of unlimited supply over the long haul, they are limited in their availability at any given moment. For example, the sun rises each day, but its ability to generate power is limited when its cloudy. Another disadvantage is that power plant operators can’t crank up renewable energy production when people are consuming more power, such as on a hot day when many people are running air conditioners at the same time. Though Non-renewable energy burns faster and consume more resources in terms of money in the present day Nigeria, its more dependent upon than renewable energy. "I heard people saying always put on the water pumping machine when there's NEPA light" , even with the said inverters they can't withstand high energy demand facilities. Though States like California are trying to solve this problem by using energy storage, like large batteries, to collect electricity from renewable sources when demand is low in order to use it later when demand goes up but that's not the case for our country Nigeria. Even if there's room for improvement when can we achieve that? The major problem with non-renewable energy resources is the emission of carbon dioxide into the atmosphere. Over the last 150 years, humans are responsible for the vast majority of the increase of these gases in the atmosphere, and the burning of fossil fuels through activities like driving a car is the largest source of these emissions. Policy makers who invest in renewable energy often do so with the goal of generating power without emitting these planet-warming gases. It's therefore to note that, even with the recent high demand for renewable energy in Nigeria the non-renewable is still far more sufficient in terms of adequate power supply. #renewableenergy #solarenergy #oilandgasindustry #TechInnovation #oilfield
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Revolutionizing Oil Recovery: The Power of Solar Enhanced Oil Recovery (EOR) In the pursuit of efficiency and sustainability within the petroleum industry, Enhanced Oil Recovery (EOR) techniques stand out as pivotal methods for maximizing crude oil extraction beyond traditional means. EOR is not just about extending the life of oil fields but also about enhancing the productivity and environmental sustainability of oil extraction processes. Among these, Solar Enhanced Oil Recovery (Solar EOR) emerges as a beacon of innovation, combining the realms of renewable energy and fossil fuel extraction in a groundbreaking manner. EOR Techniques Overview: Thermal Recovery: Utilizes heat, often through steam injection, to lower oil viscosity and improve extraction. Gas Injection: Employs gases like CO2 to displace oil, enhancing its flow towards production wells. Chemical Injection: Involves injecting substances like polymers to decrease surface tension and facilitate oil movement. Each method aims to significantly boost oil recovery rates, presenting a forward-thinking approach to resource utilization. The Rise of Solar EOR: Solar EOR takes the concept of thermal recovery a step further by leveraging solar energy to generate steam for oil extraction. This technique not only underscores the industry's adaptability but also its commitment to integrating sustainable practices. By employing solar thermal arrays within an enclosed trough architecture, Solar EOR offers a robust system less affected by environmental variables, leading to more efficient and reliable oil recovery. Real-world Applications and Benefits: Noteworthy projects such as GlassPoint Solar's collaboration with Berry Petroleum in California, Chevron Corp.'s facility with BrightSource Energy, and the pioneering project in the Middle East by GlassPoint Solar and Petroleum Development Oman highlight the practical and scalable benefits of Solar EOR. This approach has proven to be a cost-effective alternative to gas-fired steam generation, reducing operational costs and environmental impact significantly. The Path Forward: Solar EOR exemplifies how traditional energy sectors can evolve through the integration of renewable technologies. It's a testament to the industry's ability to innovate and adapt, ensuring the efficient use of natural resources while mitigating environmental impacts. This method is particularly advantageous in sun-rich regions with heavy oil reserves, offering a sustainable alternative to conventional recovery methods. As we continue to navigate the challenges of energy production and environmental stewardship, Solar EOR stands as a shining example of what's possible when we harness the power of renewable energy to enhance traditional oil recovery methods. For professionals and enthusiasts keen on exploring the cutting edge of oil recovery technology and renewable energy integration, Solar EOR offers a fascinating glimpse into the future of the petroleum industry.
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Electronic Engineer. Sr. Project Manager(PMP), Energy Leader @ CACME (WEC) & Postgraduate Diploma in Hydrogen Economy @ UTN (FRBA)
India's RE storage capacity poised for surge, could hit 6 GW by FY28, estimates Crisil. Image: Shutterstock India's renewable energy (RE) storage capacity is set for a massive hike in the coming years, with total RE storage capacity likely to touch 6 GW by fiscal 2028 from less than 1 GW operational as of March 2024, research house Crisil estimates. "Storage is becoming crucial with the rising share of RE — both solar and wind — in the overall power generation mix," said the note from the Indian research house, which is a part of Standard & Poor's. Crisil based the high growth figure on ongoing implementation of several projects and an expected healthy pace of auctions. The report noted that India's government was actively involved in developing the infrastructure needed to support the generation of energy from renewable sources through standalone storage assets such as pumped hydro or battery storage systems (BESS projects can also avail viability gap funding), as well as and storage-linked projects that combine RE generation with storage. India has also ramped up auctions of storage project, with about 3 GW of standalone energy storage projects being auctioned over the past two fiscals, as well as 10 GW of generation projects that attached to ~2 GW of storage capacity. The result? The country's energy storage pipeline stood at 6 GW as of May 2024. The 6 GW of energy storage will be necessary for India's grid balancing if the country is to sustainably increase the proportion of RE generation to 20-22 percent of its energy mix, in line with government targets, the report said. The only concern? Progress has been slow. "Progress on implementation has been tardy," said Manish Gupta, Senior Director, Crisil Ratings. "Slow adoption by state distribution companies has been a key deterrent to implementation — 60-65 percent of such projects have not got their power purchase agreements [PPAs] executed until May 2024." One deterrent has been the higher tariff of ₹4.3-5.5 per unit associated with storage-attached projects, compared with other RE bids of ₹2.6-3.2 per unit. "Going forward, it is expected that the government push to promote RE power and comparable tariffs of storage projects with other sources of round-the-clock power will provide a fillip to adoption," the note said. For reference, it added that medium-term PPAs for coal-fired plants stood at ~₹5 per unit in FY24. India's Central government plans to increase RE capacity to 450 GW by 2030 from 130 GW as of March 2024. To promote RE development, the Center has already issued Renewable Purchase Obligations (RPOs), requiring state distribution companies (discoms) to purchase a quantum of RE power. At present, state discoms are obligated to purchase ~25 percent of their power from renewable sources, with ~10.5 percent reserved for solar power. https://lnkd.in/dfnY2dNk
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The share of coal in India’s total installed power capacity fell below 50% in the first quarter of 2024. This is well ahead of the government’s target to establish 50% cumulative power generation capacity from non-fossil sources by 2030. India added a record 13,669 MW of power generation capacity in the January-March period of this year, with renewable energy contributing 71.5%. Coal’s share of total power capacity, including lignite, fell below 50% for the first time since the 1960s. This is well ahead of the Indian government’s target to establish 50% cumulative power generation capacity from non-fossil-based sources by 2030, according to the latest POWERup quarterly report from the Institute for Energy Economics and Financial Analysis (IEEFA). The report states that the decline in coal’s share mirrors a global trend, with demand for coal in the Group of Seven leading industrialized nations hitting record lows in 2023 – levels not seen since 1900. To accelerate the transition, G7 countries vowed in April to phase out all unabated coal power generation by 2035, expanding on their commitment to end all construction of new coal-fired power plants. As 2024 shapes up to become a pivotal year in the global transition away from fossil fuels, India is at the forefront, making great strides towards the target of net-zero greenhouse gas emissions. Large-scale renewable energy projects have been the focus of intense interest, as evidenced by tender issuances crossing a record 69 GW, according to IEEFA. Tenders issued for utility-scale renewable energy projects in fiscal 2024 far surpassed the government’s target of 50 GW.
Coal share falls below 50% in India’s installed power capacity
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Executive Director (ESI), Dean's Chair (Mechanical Engineering), Founder (CoolestDC), PhD, ASME Fellow
China’s clean energy outpaced electricity demand growth in May, forcing coal power share to new lows Summary: China's clean energy generation has surged ahead of its electricity demand growth in May, pushing coal power's share to unprecedented lows. This development suggests that China's emissions may have peaked in 2023. An analysis by Lauri Myllyvirta from the Asia Society Policy Institute highlights that China's record-breaking renewable energy installations, particularly in solar and wind, have not led to the grid congestion that some media outlets speculated. In May, renewables accounted for a record 44% of China's energy mix, significantly squeezing coal's share to 53%, despite a 7.2% increase in electricity demand. Solar power saw an extraordinary growth of 41 TWh, a 78% increase, contributing to over half of the clean energy generated. Hydropower rebounded from previous droughts, increasing by 34 TWh, or 39%, while wind power saw a modest rise of 4 TWh, or 5%. The omission of rooftop solar data and utilization rates in recent reports led to incorrect assumptions about renewable energy performance. Myllyvirta's analysis debunked these speculations, showing a rise in solar and hydro utilization and a slight decline in wind utilization due to monthly variations. Fossil fuel utilization dropped significantly, with gas and coal power average utilization falling by 6.3 and 3.3 percentage points, respectively. This shift has resulted in a 3.6% reduction in carbon emissions from the power sector, the largest contributor to China's greenhouse gas emissions. If the current pace of renewable energy deployment continues, China's carbon dioxide emissions could continue to fall, making 2023 the peak year for emissions. Several recent reports support the positive trend in China's climate targets. The Global Energy Monitor (GEM) revealed that China hosts nearly two-thirds of the world's new wind and solar plants under construction. Despite not signing the COP28 pledge, China is on track to meet its renewable capacity goals. A study by the Centre for Research on Energy and Clean Air found that China stopped permitting new coal-based steel projects, marking a significant step towards reducing industrial emissions. China is also implementing power system reforms to ease grid bottlenecks and reduce coal dependence. It aims to increase battery storage capacity to 40 GW by 2025 and build over 200 pumped hydro storage plants. A major transmission and storage project is underway to integrate renewable energy across provinces. Additionally, Beijing has relaxed curtailment limits, allowing more renewable deployment even in congested areas. These measures show China's commitment to transforming its energy landscape, reducing reliance on fossil fuels, and achieving its climate goals. #CleanEnergy #RenewableEnergy #China #Coal #Solar #Hydro #EnergyTransition #Sustainability #ClimateChange #CarbonEmissions #PowerSector #BatteryStorage #Grid #ClimateTargets
China’s clean energy outpaced electricity demand growth in May, forcing coal power share to new lows
eco-business.com
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CO2 & H2 SME, ChatGPT, PSM Economics, Finance, Decision Analysis, HazOp, LOPA, What-If, PHA, CHAZOP, FMEA - PSM INFLUENCER - MIACC Specialist, Process Engineer, MCIC PM-GPM Platinum Sponsor 67th CSChE Meeting Oct 2017.
Record Year for Renewable Energy Adoption? NOT in the Alberta Tarsands Tarnation, where the government is trying to restore King Coal in Canada’s Rocky Mountains, Eh?⚠️♻️⚠️ Globe & Mail - Emma Graney: Fuelled by China, world’s renewable energy capacity grew at record pace in 2023. Global renewable energy capacity soared by 50 per cent in 2023, driven by record increases in Europe and the United States and what the International Energy Agency calls the “extraordinary” growth of solar farms in China. 2023 marked the 22nd year in a row that renewable capacity growth set a new record, according to a report released by the Paris-based energy watchdog Thursday. The IEA expects expansion through to 2028 will be the fastest yet, with global renewable capacity on course to increase by two-and-a-half times by 2030. That means more renewable capacity will be added in the next five years than has been installed since the first commercial renewable energy power plant was built more than 100 years ago, the report says. The adoption of renewables, including solar, wind, hydropower, biofuel and others, is key to the world’s transition to the more sustainable energy systems needed to limit the worst effects of climate change. “It’s not enough yet to reach the COP28 goal of tripling renewables, but we’re moving closer – and governments have the tools needed to close the gap,” IEA executive director Fatih Birol said in a statement, referring to the target that world governments set at the UN climate change conference in the United Arab Emirates last month. Onshore wind and solar power production are cheaper today than that from fossil fuel plants in most countries, according to the report. That helped drive significant growth in solar in particular, which alone accounted for three-quarters of increased renewable capacity worldwide. China has set the most dizzying pace. In 2023, it brought online as much solar power as the entire world did in 2022, and its wind power generation grew by 66 per cent year-on-year. “While the increases in renewable capacity in Europe, the United States and Brazil hit all-time highs, China’s acceleration was extraordinary,” the report says.
Fuelled by China, world’s renewable energy capacity grew at record pace in 2023 - The Globe and Mail
theglobeandmail.com
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