Jul 05, 2012
40% growth in global renewable energy generation forecastBack
Hydropower|Renewable Energy|Renewable-Energy|Resources|Brazil|China|Germany|India|United States|Electricity Generation|Energy|Power Generation|Power-generation|Renewable Electricity Capacity|Renewable Energy Market Report|Renewable Energy Technologies|Times Current Electricity Production|Maria Van Der Hoeven|Power|Non-hydropower Renewable Technologies|Renewable Energy Technologies
© Reuse this
The International Energy Agency (IEA) said on Thursday that global renewable power generation would increase by over 40% over the next five years, driven by growth in China.
In its first-ever renewable energy market report, the IEA stated that global power generation from hydropower, solar, wind and other renewable sources was projected to increase to almost 6 400 terawatt hours (TWh) – or roughly one-and-a-half times current electricity production in the US.
“Renewable electricity generation should expand by 1 840 TWh between 2011 and 2017, almost 60% above the 1 160 TWh growth registered between 2005 and 2011,” the report, which examined 15 key markets, stated.
It also found that renewable power generation would increasingly shift from the Organisation for Economic Cooperation and Development (OECD) countries to new markets, with non-OECD countries accounting for two-thirds of this growth.
Of the 710 GW of new global renewable electricity capacity expected, China accounted for almost 40%, the IEA said, adding that significant deployment was also expected in the US, India, Germany and Brazil.
“This growth is underpinned by the maturing of a portfolio of renewable energy technologies, in large part due to supportive policy and market frameworks in OECD countries,” the report stated.
IEA executive director Maria van der Hoeven said that renewable energy was expanding rapidly as technologies matured, with deployment transitioning from support-driven markets to new and potentially more competitive segments in many countries.
The report stated that hydropower would continue to account for the majority of renewable generation, registering the largest absolute growth of any single renewable technology over 2011 to 2017, largely driven by non-OECD countries.
Non-hydropower renewable technologies would also continue to scale up quickly. Between 2011 and 2017, generation from these technologies would increase by over 1 100 TWh, with growth equally split between OECD and non-OECD countries.
“Onshore wind, bioenergy and solar PV (photovoltaic) would see the largest increases, respectively, in generation after hydropower. Offshore wind and concentrated solar power would grow quickly from low bases, while geothermal would continue to develop in areas with good resources and ocean technologies would take important steps towards commercialisation,” the report said.
Edited by: Mariaan Webb© Reuse this Comment Guidelines (150 word limit)
Other Electricity News
Updated 2 hours 7 minutes ago Goldman Sachs Group has sold its controversial metals warehousing business to Swiss private equity group Reuben Brothers, the Wall Street bank said on Monday. The deal for Metro International Trade Services comes months after Goldman formally put the business on the...
Updated 2 hours 15 minutes ago Greenhouse gas emissions by the world's top 500 companies rose 3.1% from 2010 to 2013, far off the cuts urged by the United Nations to limit global warming, a study showed on Monday. The top 500 firms by capitalisation accounted for 13.8% of world greenhouse gas...
Updated 7 hours ago The cost of copper theft decreased to R13-million in November from R13.2-million in October, according to the SA Chamber of Commerce and Industry's (Sacci) Copper Theft Barometer. "The November figure is 1.51% lower than a month ago and 36.8% higher than a year...
Recent Research Reports
Liquid Fuels 2014 - A review of South Africa's Liquid Fuels sector (PDF Report)
Creamer Media’s Liquid Fuels 2014 Report examines these issues, focusing on the business environment, oil and gas exploration, the country’s feedstock supplies, the development of South Africa’s biofuels industry, fuel pricing, competition in the sector, the...
Water 2014: A review of South Africa's water sector (PDF Report)
Creamer Media’s Water 2014 report considers the aforementioned issues, not only in the South African context, but also in the African and global context, and examines the issues of water and sanitation, water quality and the demand for water, among others.
Defence 2014: A review of South Africa's defence industry (PDF Report)
Creamer Media’s Defence 2014 report examines South Africa’s defence industry, with particular focus on the key participants in the sector, the innovations that have come out of the sector, local and export demand, South Africa’s controversial multibillion-rand...
Road and Rail 2014: A review of South Africa's road and rail infrastructure (PDF report)
Creamer Media’s Road and Rail 2014 report examines South Africa’s road and rail transport system, with particular focus on the size and state of the country’s road and rail network, the funding and maintenance of these respective networks, and the push to move road...
Real Economy Year Book 2014 (PDF Report)
This edition drills down into the performance and outlook for a variety of sectors, including automotive, construction, electricity, transport, steel, water, coal, gold, iron-ore and platinum.
Real Economy Insight: Automotive 2014 (PDF Report)
This four-page brief covers key developments in the automotive industry over the past 12 months, including an overview of South Africa’s automotive market, trade figures, production and the policies influencing the sector.
This Week's Magazine
South Africa remains an important manufacturing and export platform for Ford Motor Company, says executive chairperson Bill Ford. However, he adds that other countries on the continent are “becoming interesting”, and that the US carmaker is casting its net wider for...
Germany’s Max-Planck-Society (MPG) and the Max-Planck-Institute for Radio Astronomy (MPlfR) are investing €11-million (about R150-million) into South Africa’s MeerKAT radio telescope array programme. The money will be used to design, build and install S-band radio...
Infrastructure spend in sub-Saharan Africa will grow from $70-billion in 2013 to $180-billion by 2025, says PwC capital projects and infrastructure Africa leader Jonathan Cawood. This is one of the findings of PwC’s Capital Projects & Infrastructure report on East...
Private-owned defence and aerospace manufacturer Paramount Group and the Ichikowitz Family Foundation unveiled its Anti-Poaching Skills and K9 Training Academy in Magaliesburg last month.
The inclusion of Bluetooth to provide sub-three meter accuracy and heightened functionality for users is one of the ways to change existing wireless networks into engagement networks. An engagement network differs from common wireless networks in that it enables the...