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IEA: Solar energy is growing stronger than all other energy types

Thursday, October 5th, 2017 | bitcoin updates

          
    
    
    (Picture: iea.org)
                
            
             The future belongs to renewable energies, according to the latest report from the International Energy Agency (IEA). China, in particular, is making great strides.
            

        

        The use of solar power plants for the first time increased worldwide for the first time last year, compared to other energy sources. This is the result of a report from the International Energy Agency IEA on renewable energies, which was presented in London on Wednesday. The growth of wind and hydroelectric power slowed. Overall, renewable energies made up two-thirds of the capacity growth in the energy sector in 2016.
China ahead Responsible for the boom of solar energy is, according to the analysis, mainly China. Approximately 60 percent of the world's solar cells are now manufactured in the People's Republic. There are also about half of the customers. But there is always criticism of the cheap price strategy of Chinese suppliers.
Reasons for the sharp increases are fallen prices for renewable energies and favorable framework conditions from the policy, it said. The US remained the second-largest growth market, despite political uncertainties by the government of President Donald Trump.
Constant growth in GermanyThe International Energy Agency is also assuming that the renewable energies will continue to grow strongly for the next five years. India also plays an increasingly important role, the IEA experts write. The growth of renewable energies on the subcontinent could already be higher than that in the European Union over the next five years. India's capacity is expected to double by 2022. In Germany, the growth is to remain at least constant over the next five-year period. For the EU as a whole, analysts see a significant slowdown in the expansion of renewable energies.
Despite this, according to forecasts, global eco-electricity production is expected to rise by about one third to 8,000 terawatts per hour by 2022. This corresponds to the consumption of China, India and Germany taken together, the report states.

            
        

 (dpa) /

(ANW)

      

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