Renewables keep breaking records, to account for 90% of new power capacity in 2020

Renewables keep breaking records, to account for 90% of new power capacity in 2020

The International Energy Agency (IEA) forecasts that new renewable energy capacity worldwide will be of almost 200 GW in 2020, which represents a new record. Only 10% of new power capacity will not be renewable this year, according to the report Renewables 2020.

The IEA emphasizes the decline of oil, gas and coal in the context of the Covid 19 crisis.

Solar energy will be again the most installed energy source in the world. New solar capacity will reach 107 GW in IEA’s main scenario this year and, for 2021, the agency forecasts 117 GW in the main scenario, which represents almost a 10% growth.

Afterwards, the IEA expects solar energy additions to accelerate. Besides government support, such as auctions, the IEA underlines the contribution of market drivers such as corporate PPAs and bilateral contracts.

Renewable energy will keep growing over the next years. The agency forecasts that the share of renewable energy in the world electricity mix will reach one third in 2025. In 2020, renewable energy will make around 7% of the world power mix.

Europe bets on a green future

Europe bets on a green future

The European Commission announced last week the EU Strategy for Energy System Integration which is part of the European Union’s efforts to decarbonize all sectors of the economy, to accelerate greenhouse gas emission reductions and to achieve climate neutrality by 2050. This initiative was announced along with the EU Hydrogen Strategy.

Both strategies are also in line with the European Green Deal.

With the EU Strategy for Energy System Integration, the European Union seeks to create a framework so that the energy system is planned and operated as a whole. The strategy has three pillars: a more circular energy system, to increase the direct electrification, this includes buildings, transport and the industry, and promoting clean fuels such as renewable hydrogen.

As part of the EU Strategy for Energy System Integration, legislation will be revised, financial support will be provided and there will be also a focus on research and deployment of new technologies.

“With 75% of the EU’s greenhouse gas emissions coming from energy, we need a paradigm shift to reach our 2030 and 2050 targets. The EU’s energy system has to become better integrated, more flexible and able to accommodate the cleanest and most cost-effective solutions. Hydrogen will play a key role in this, as falling renewable energy prices and continuous innovation make it a viable solution for a climate-neutral economy,” said Commissioner for Energy Kadri Simson.

Message Covid 19

Message Covid 19

Dhamma Energy wishes to send a message of solidarity to those who have been affected by the Covid 19, and especially to Mexico, France and Spain, where we have a significant presence.

In this context, at Dhamma Energy we have implemented different measures for the security of our employees and clients. Among these actions, we have increased home office work and limited travels.

At Dhamma Energy, we keep working for the development of solar energy and we believe that renewable energy will be a driving force for a better and more sustainable future.

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