Tuesday, May 31, 2016

Global: United Nations Agency Reports on a Renewable Energy Boom

Renewables 2016 Global Status Report (REN21)

2015 was an extraordinary year for renewable energy. Renewables are now cost competitive with fossil fuels in many markets and are established around the world as mainstream sources of energy.

Geothermal experienced steady growth hampered by low fossil fuel prices and high development risk.

About 315 MW of new geothermal power capacity came online in 2015, bringing the global total to 13.2 GW. Geothermal power generated an estimated 75 terawatt-hours (TWh) during the year. Low fossil fuel prices, coupled with perpetually high project development risk, created unfavorable conditions for geothermal power. Turkey led the market, commanding about half of new global capacity additions.

Geothermal direct use amounted to an estimated 272 petajoules (75 TWh) of heat energy in 2015. An estimated 1.2 GWth was added in 2015 for a total capacity of 21.7 GWth. The average annualized growth rate in direct use geothermal heat consumption has been a little over 3% in recent years.

GSR Full Report........               Key Findings........