Renewable power outpaced fossil-based power generation in 2014

Ormat's Desert Peak 2 geothermal power plant, Nevada (source: Ormat Technologies)
Francisco Rojas 18 Jun 2015

Renewables continue growing but investments need to increase to $400 billion in 2030 according to the IEA.

Good news for green energy worldwide, where renewables are taking a bigger slice of the energy mix with every passing year.

In a recen article in the Jakarta Post, it is mentioned that “the growth of renewable energy outpaced that of fossil fuels in the electricity sector last year, with a record 135 gigawatts of capacity added from wind, solar, hydropower and other natural sources, a new study shows.” This report was released by REN21, a nonprofit organization that looks to promote and develop renewable energy worldwide.

There are great expectation for green energy to grow in the coming years and decades and record number of countries are including renewables as part of their strategy for future energy generation. This is in itself great, yet, fossil fuels have the lion’s share and will continue to do so in the near future.

The Jakarta Post quotes the he International Energy Agency (IEA), saying that “among other measures, investments in renewables need to increase from $270 billion last year to $400 billion in 2030 to support a transition to a low-carbon economy”.

To read the full article, please follow the link.

Source: Jakarta Post