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World adds record new renewable energy capacity in 2020

Renewable Energy World

However, hydropower still accounts for the largest share of renewables in the total mix. Renewables’ rising share of the total is partly attributable to net decommissioning of fossil fuel power generation in Europe, North America and for the first time across Eurasia (Armenia, Azerbaijan, Georgia, Russian Federation and Turkey).

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IRENA: Renewables accounted for three quarters of new power capacity in 2019

Business Green

Data from International Renewable Energy Association points to slight slowdown in capacity growth last year, but clean energy sector still outpaced fossil fuels. per cent in 2019, with solar and wind making up 90 per cent of new additions, and Asia again dominating the market with 54 per cent of global capacity growth last year.

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Largest PV investments in Poland and Ukraine

Renewable Energy World

For Europe, 2020 represented a historic year for renewable energy sources. In the European Union, the rate of electricity generation from renewable energy sources amounted to 38%, ahead of fossil fuels (37%), and nuclear energy (25%). Plans for the coming years show that the energy ambitions of Eastern Europe are still untapped.

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Highlights From The BP Statistical Review Of World Energy 2021

R-Squared Energy

Small declines were also reported in coal, natural gas, and nuclear consumption, while renewables and hydropower recorded gains. The remainder of global energy consumption came from coal (27.2%), natural gas (24.7%), hydropower (6.9%), renewables (5.7%), and nuclear power (4.3%). Europe contributed 0.7 Natural Gas.

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IEA: World added record renewable power capacity in 2021, despite cost and logistical challenges

Business Green

Renewables are set for yet another year of record growth in 2022, with some 320GW of new capacity expected to be added around the world this year as governments take advantage of the climate and energy security benefits of solar and wind power, according to the International Energy Agency (IEA).

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IRENA: Renewable energy generates half a million new jobs worldwide in 2019

Business Green

Wind energy, meanwhile, accounted for 1.17 and hydropower employed around 1.95 In Europe, which had 1.3 For comparison, in the fossil fuel sectors women make up around 21 per cent of the workforce. Spending $1m on renewables creates three times more jobs than spending on fossil fuels," he said.

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Rising battery storage costs: A long-term trend or short term blip?

Business Green

But batteries undeniably remain the most common form of energy storage and are widely regarded as a critical component of the net zero transition and an enabler of both vehicle electrification and cleaner, more efficient grids dominated by intermittent solar and wind power.