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Renewable Capacity achieves new record

A new report titled 'The Renewables 2017 Global Status Report' published by International Renewable body Ren21 found that the world has added enough renewable energy capacity to power every home in France, Germany, Italy and The UK combined last year.

The 161 Gigawatts of energy produced from renewables in a new record with solar panels producing 47% of the extra capacity added, followed by wind on 34% and hydro-electric schemes on 15.5%. The scale of energy generated isn't the only milestone as a 23% reduction in cost was achieved at a cost of £187billion. In addition to these milestones, Denmark, Egypt, India, Mexico, Peru and the United Arab Emirates are all now receiving supplies at less than 4p per kilowatt-hour.

“Investment continues to be heavily focused on wind and solar PV, however, all renewable energy technologies need to be deployed in order to keep global warming well below 2C,” a Ren21 statement stated.

You can view the original article here.
Summarised by Nick Dereka, Head of Digital, Prime People Plc.