Green energy accounted for more than half of net electricity generation capacity added around the world last year for the first time, leading energy experts have found. The International Energy Agency (IEA) said the milestone was evidence of a rapid transformation in energy taking place, and predicted capacity from renewable sources will grow faster than oil, gas, coal or nuclear power in the next five years. But the analysts said the outlook in the UK has deteriorated since the Conservative government took power last year and cut support for wind and solar power. The agency’s chief said Britain had huge renewable energy potential and ministers needed to design stronger policies to exploit it.
Guardian 25th Oct 2016 read more »
Independent 25th Oct 2016 read more »
Global renewable electricity capacity has overtaken coal to become the world’s largest installed power source for the first time, after a record-breaking year in which half a million solar panels were installed every day. Some 153 gigawatts (GW) of renewable power capacity – more than the total generation capacity of Canada – was installed during the course of 2015, making it the fastest-growing electricity source, the International Energy Agency said.
Telegraph 25th Oct 2016 read more »
The International Energy Agency (IEA) has revised upwards it growth forecasts for renewable energy over the next five years, following a record year for new clean energy installations. In its new medium term outlook, released today in Singapore, the IEA has raised its 2021 forecasts for the growth in global renewable electricity capacity by 13 per cent compared to last year’s predictions.
Business Green 25th Oct 2016 read more »
About 500,000 solar panels were installed every day last year as a record-shattering surge in green electricity saw renewables overtake coal as the world’s largest source of installed power capacity. Two wind turbines went up every hour in countries such as China, according to International Energy Agency officials who have sharply upgraded their forecasts of how fast renewable energy sources will keep growing.
FT 25th Oct 2016 read more »
The UK has fallen to 14th place, an all-time low, in EY’s latest Renewable Energy Country Attractiveness Index, on the back of Brexit, DECC’s dismantling and approval of the Hinkley Point C nuclear plant. EY said the UK’s standing was at odds with other European countries, which regained ground after falling behind emerging markets in the previous index in May. France, for example, moved up one position to seventh as a result of the country’s plan to tender for 3GW of new solar capacity over the next three years, EY said. Belgium, Sweden, Ireland, Norway and Finland also climbed further up the ranking of 40 countries, it added. The US, China, India, Chile and Germany remained unmoved in the index top five. EY head of energy corporate finance Ben Warren said: “Continued uncertainty around the government’s energy policy has created a confusing picture for investors seeking a low-risk return. “With one more big decision, this time on the future of untested tidal lagoon technologies, expected in the coming months, the government clearly believes that easy to deploy and cost efficient technologies such as onshore wind and solar are not the answer to the UK’s energy security conundrum.”
Renews 25th Oct 2016 read more »