Renewable energy jumps 70% in 5 years

Renewable energy jumps 70% in 5 years

In the space of five years, total electricity generated by the world’s 20 major economies from solar and wind energy has soared by more than 70% according to a new report.

G20 countries together produced 8% of their electricity from wind parks, solar farms and other green power stations in 2015, an increase of 4.6% in 2010.

Seven G20 members now produce more than 10% of their electricity from renewable energy, compared to only three in 2010. The seven were headed by Germany’s Energiewende – a scheme towards renewable energy power.

France, Italy and the UK all generated more than 19% of their electricity from renewable energy while Brazil and Australia hit 13% and 11%. Hydropower was not included.

According to data by Bloomberg New Energy Finance research group, the data underline the growth of newer forms of green energy that have been heavily subsided as governments try to fight global warming.

The UK generated 24% of its electricity from renewables last year compared to 6% in 2010.

Despite the jump in renewables, fossil fuels are continue to influence the electricity supply in countries including the US and China.

China, the world’s largest clean energy market makes up a third of the US$329 billion invested in renewables last year. China’s Goldwind became the biggest wind turbine manufacturer in 2015, ending more than 30 years of US and European power.

Renewable power stations have only accounted for 5% of China’s electricity mix last year, due to the addition of “substantial” amount of coal-fired power.

Wind and solar power have grown in the US, but fossil fuels also continue to lead the country’s energy mix. Non-hydropower renewables made up only 8% of its electricity total last year.

@RGNOnline