Solar the new ‘king of electricity’ as renewables make up bigger slice of supply: IEA

PARIS (Reuters) – Solar output is expected to lead a surge in renewable power supply in the next decade, the International Energy Agency said, with renewables seen accounting for 80% of growth in global electricity generation under current conditions.

FILE PHOTO: A photovoltaic solar panel farm is seen in Porto Feliz, Sao Paulo state, Brazil February 13, 2020. REUTERS/Amanda Perobelli/File Photo

In its annual World Energy Outlook on Tuesday, the IEA said in its central scenario – which reflects policy intentions and targets already announced – renewables are expected to overtake coal as the primary means of producing electricity by 2025.

The combined share of solar photovoltaic (PV) and wind in global generation will rise to almost 30% in 2030 from 8% in 2019, it said, with solar PV capacity growing by an average 12% a year.

“I see solar becoming the new king of the world’s electricity markets,” IEA

Read More
Read More

Solar the new ‘king of electricity’ as renewables make up bigger slice of supply

By Forrest Crellin

PARIS (Reuters) – Solar output is expected to lead a surge in renewable power supply in the next decade, the International Energy Agency said, with renewables seen accounting for 80% of growth in global electricity generation under current conditions.

In its annual World Energy Outlook on Tuesday, the IEA said in its central scenario – which reflects policy intentions and targets already announced – renewables are expected to overtake coal as the primary means of producing electricity by 2025.

The combined share of solar photovoltaic (PV) and wind in global generation will rise to almost 30% in 2030 from 8% in 2019, it said, with solar PV capacity growing by an average 12% a year.

“I see solar becoming the new king of the world’s electricity markets,” IEA Executive Director Fatih Birol said. “Based on today’s policy settings, it is on track to set new records for

Read More
Read More