The latest report from the International Energy Agency (IEA), which charts the future evolution of renewable energy manufacturing, says the combined global market for photovoltaics, wind, electric cars, batteries, electrolysers and heat pumps will grow from $700 billion in 2023 to more than $2 trillion in 2035. Global solar module manufacturing capacity is set to … Continue reading Photovoltaic (PV) manufacturing capacity could exceed 1.5 TW by 2035, IEA says
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Global investment in photovoltaics will exceed $500 billion by 2024
The International Energy Agency projects that photovoltaic solar energy will attract more investment than all other sources of electricity generation combined. Global energy spending is expected to surpass $3 trillion for the first time this year. This year’s edition of the World Energy Investment provides a full update on the investment picture in 2023 and … Continue reading Global investment in photovoltaics will exceed $500 billion by 2024
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WindEurope to IEA Ministers: citizens and businesses want more wind energy
WindEurope’s CEO Giles Dickson took part in the International Energy Agency’s (IEA) biennial Ministerial Meeting in Paris on 5 December. He addressed the Ministers on consumer and citizen engagement. He noted the growing demand for clean energy among household and business consumers. Because of climate change. And because they also see that renewables are now … Continue reading WindEurope to IEA Ministers: citizens and businesses want more wind energy
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Wind energy and solar power push renewables
Renewables will close a bright 2019, the best of the last four years. According to the latest forecasts of the International Energy Agency (IEA), 12% of installed capacity will be added worldwide. Thus, a double-digit rate returns, after the downturn that it suffered in 2018, essentially due to regulatory changes in China and which was … Continue reading Wind energy and solar power push renewables
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IEA publishes new review of Morocco’s energy policies’s energy policies
Morocco is pursuing an ambitious energy transition pathway. But reductions in greenhouse gas emissions by 2030, in line with the country’s commitments to the Paris Agreement, will require the scaling up of private and public investments. The IEA’s review provides detailed recommendations to maintain the momentum for reform and increase ambitions for the country’s energy … Continue reading IEA publishes new review of Morocco’s energy policies’s energy policies
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Wind energy set to become EU’s largest power source well before 2030
Wind power is set overtake coal, nuclear and gas to become the EU’s largest power source well before 2030. This is according to the International Energy Agency’s (IEA) 2018 World Energy Outlook released today. According to the IEA’s projections, wind energy will become the EU’s largest power source in 2027, overtaking coal, nuclear and then … Continue reading Wind energy set to become EU’s largest power source well before 2030
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Protermosolar highlights the necessary role of concentrated solar power to curb climate change
Luis Crespo, president of Protermosolar, has presented in the plenary session a report that shows that the concentrated solar power allows to reduce the need for fossil fuel backup. The XXIV edition of SolarPACES was held in Casablanca (Morocco), with the participation of more than 550 attendees from 41 different countries. The chairman of … Continue reading Protermosolar highlights the necessary role of concentrated solar power to curb climate change
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Wind energy is forecast to grow by 324 GW and reach 839 GW by 2023
Concentrated Solar Power (CSP) is expected to grow 87% (4.3 GW) over the forecast period, 32% more than in 2012?17. China leads at 1.9 GW, followed by 1 GW from Concentrated Solar Power projects receiving multilateral development bank support in Morocco and South Africa, 1 GW in the Middle East, and 300 MW each in Australia and Chile. Since … Continue reading Wind energy is forecast to grow by 324 GW and reach 839 GW by 2023
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Worldwide renewable energy electricity is surging
Spurred by deep cost reductions and favorable government policies, renewable energy sources have for the first time surpassed coal as the largest source of installed power capacity in the world, according to a 25 October report by the International Energy Agency (IEA). Countries installed a record 153 GW of renewable power in 2015, which accounted … Continue reading Worldwide renewable energy electricity is surging
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IEA predicts strong renewables growth globally, falling costs
The International Energy Agency (IEA) expects renewables to be the largest source of new power capacity additions globally through 2020, thanks to continued reductions in costs for wind and solar energy. IEA’s Renewable Energy Medium-Term Market Report forecasts the global addition of approximately 825,000 megawatts (MW) of renewable energy capacity by 2020, a 42 percent … Continue reading IEA predicts strong renewables growth globally, falling costs
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Climate pledges for COP21 slow energy sector emissions growth dramatically
The International Energy Agency (IEA) released on Wednesday a World Energy Outlook (WEO) special briefing that outlines the energy sector implications of national climate pledges submitted for the upcoming climate summit in Paris (COP21). The briefing finds that if all countries meet goals outlined in their submitted pledges, known as Intended Nationally Determined Contributions (INDC), … Continue reading Climate pledges for COP21 slow energy sector emissions growth dramatically
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Renewables to lead world power market growth to 2020
Renewable energy will represent the largest single source of electricity growth over the next five years, driven by falling costs and aggressive expansion in emerging economies, the IEA said Friday in an annual market report. Pointing to the great promise renewables hold for affordably mitigating climate change and enhancing energy security, the report warns governments … Continue reading Renewables to lead world power market growth to 2020
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Fossil Fuels Losing Cost Advantage Over Solar Energy, Wind Power, IEA Says
The cost of producing electricity from renewable sources such as solar and wind has dropped significantly over the past five years, narrowing the gap with power generated from fossil fuels and nuclear reactors, according to the International Energy Agency. “The costs of renewable technologies — in particular solar photovoltaic — have declined significantly over the past … Continue reading Fossil Fuels Losing Cost Advantage Over Solar Energy, Wind Power, IEA Says
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Clean-energy innovation essential to meeting climate goals
A concerted push for clean-energy innovation is the only way the world can meet its climate goals, the International Energy Agency said as it released its flagship energy technology report. The report, Energy Technology Perspectives 2015 (ETP 2015), shows that despite a few recent success stories, clean-energy progress is falling well short of the … Continue reading Clean-energy innovation essential to meeting climate goals
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A business-as-unusual outlook for oil in the medium term
The recent crash in oil prices will cause the oil market to rebalance in ways that challenge traditional thinking about the responsiveness of supply and demand, the International Energy Agency (IEA) said in its annual Medium-Term Oil Market Report (MTOMR) released today. The US light, tight oil (LTO) revolution has made non-OPEC production more responsive … Continue reading A business-as-unusual outlook for oil in the medium term
Continue readingFive key actions to achieve a low-carbon energy sector
The International Energy Agency (IEA) laid out five actions needed over the short- and long-term to achieve a low-carbon energy sector, and proposed concrete options for their implementation in the international climate negotiations to be held next month in Lima, Peru. “Energy accounts for two-thirds of global greenhouse gas emissions, so any climate agreement that … Continue reading Five key actions to achieve a low-carbon energy sector
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Energy sector is key to powering prosperity in sub-Saharan Africa
Increasing access to modern forms of energy is crucial to unlocking faster economic and social development in sub?Saharan Africa, according to the International Energy Agency’s (IEA) Africa Energy Outlook, a Special Report in the 2014 World Energy Outlook series. More than 620 million people in the region (two-thirds of the population) live without electricity, and nearly 730 … Continue reading Energy sector is key to powering prosperity in sub-Saharan Africa
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Global energy efficiency market ‘an invisible powerhouse’ worth at least USD 310 billion per year
The global energy efficiency market is worth at least USD 310 billion a year and growing, according to a new report from the International Energy Agency that confirms the position of energy efficiency as the world’s “first fuel”. The report also finds that energy efficiency finance is becoming an established market segment, with innovative new … Continue reading Global energy efficiency market ‘an invisible powerhouse’ worth at least USD 310 billion per year
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How solar energy, concentrated solar power (CSP) and photovoltaic, could be the largest source of electricity by mid-century
The International Energy Agency (IEA) reports that PV could provide 16% of the world’s electricity and concentrated solar power (CSP) could provide another 11%. The report expects PV to dominate solar up until 2030 when the addition of storage to CSP will see it close the gap. The sun could be the world’s largest source … Continue reading How solar energy, concentrated solar power (CSP) and photovoltaic, could be the largest source of electricity by mid-century
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IEA: Solar energy, PV and Concentrated Solar Power, could dominate electricity by 2050
According to the roadmap, it could hit 1,000 GW of concentrated solar power (CSP) capacity, up from 4 GW today by 2050. Since 2010, generation of solar thermal electricity (STE) from concentrated solar power (CSP) plants has grown strongly worldwide. Concentrating solar plants (CSP) generate solar thermal electricity (STE) while producing no greenhouse … Continue reading IEA: Solar energy, PV and Concentrated Solar Power, could dominate electricity by 2050
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