Global investment in renewable power & grids overtook spending on fossil fuels for the first time in 2023 — a sign of the new energy economy that’s emerging But clean energy investment must grow much faster for the world to reach energy & climate goals ➡️ https://iea.li/45YfbQY
How big solar power plants uploaded on 11 kV and 33 kV Grid?
Something interesting about Renewables, especially Solar in combination with batteris: they are more cost effective. So the same dollar spent with solar and grid improvement (to reduce the curltaiment) generate more usefull energy (kwh) than other sources. So the chart is great, but if we look the amount of energy generated is even better.
Exciting news!!! But hoping it will trickle down to people or organization who needs it most and will really add value to the goals. The sad truth & fact is developments are slow because the funds do not go down to the grass roots and being policed by the capitalist & corrupt people. Imagine the investments rolled in for electrification yet there are still many islands & remote areas where we have no electricity.
The level of global investment in renewable power and grids reached around $1,300 billion in 2023, surpassing the $1,150 billion spent on fossil fuels for the first time. The world energy matrix is changing big time!
Only the beginning of the huge investment that will be required for grid capacity and resilience.
Yes, sustainable generation needs to at least double, preferably treble, its present rate.
Insightful💡Thanks for sharing💯🤠
An important inflection point for renewables and the health of our planet 🌍
Environmental Researcher and Inventor at No Company
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