Despite the continuing economic recession, incentive cuts and low natural gas prices, the renewable energy sector continues to grow, says the REN21 Renewables 2011 Global status report. The report states that in 2010, renewable energy supplied an estimated 16% of global final energy consumption and delivered around 20% of global electricity production. Including all hydropower (an estimated 30GW added in 2010), Renewable energy accounted for approximately 50% of total added power generating capacity in 2010. This year or 2012 will see more renewable than non-renewable capacity installed worldwide, predicts this report.
Posts Tagged ‘ worldwatch institute ’
Renewable energy continued to grow in 2011-09-14
Wednesday, September 14th, 2011Wind power growth set to halt after 2009 peak
Tuesday, August 3rd, 2010According to the Worldwatch Institute, in 2009 wind power contributed 2% to global electricity consumption worldwide and global wind power capacity increased by 31%, the highest rate in the last 8 years despite the recession. However this growth is unlikely to continue in 2010 and the US market is facing increased competition according to recent research. It has been estimated that 6.3-7.1 GW of wind capacity will be installed in the US in 2010 – a 40-60% decrease from 2009, the first time since 2004 that US wind energy did not see an increase in the previous years growth figure likely due to the turbulent financial environment. However the study found that providing the correct policy frameworks are in place, the US wind industry can add 165 GW of capacity, representing $330bn in investments by 2025.
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