Tuesday, September 20, 2016

Finance: Renewable Energy Will Help Accelerate the Transition to a Low Carbon Economy

New report on variable renewables: Answers to the integration challenge (World Energy Council )

Renewables, including hydro, now account for over 30% of the total global installed power generation capacity and 23% of total global electricity production.

In the past 10 years, wind and solar PV have witnessed an explosive average annual growth of 23% and 50% respectively, although their combined contribution to the global electricity supply is currently only 4%, according to a new report by the World Energy Council launched on 20 September.

Hydropower accounts for 17%, biomass 1.8% and geothermal 0.4%, with tidal energy making up the rest.

Variable Renewables Integration in Electricity Systems 2016 – How to get it right

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