GoDubai
  
  
  
  
Citylife > Press Release
  Home Contact us Add to Favourites
Most Recent Postings
More Press Releses
Featured Sections

Event Finder
A daily roundup of exhibitions, promotions and other events in Dubai and the rest of the Emirates.
Submit an Event
Latest Dubai Press Releases >>

 
  Share

Sector adds record 167 gigawatts (GW) of generating capacity, expands 8.3% in 2017

Abu Dhabi, UAE, 07 April 2018:   By the end of 2017, global renewable generation capacity increased by 167 GW and reached 2,179 GW worldwide. This represents a yearly growth of around 8.3%, the average for seven straight years in a row, according to new data released by the International Renewable Energy Agency (IRENA).  Renewable Capacity Statistics 2018 is the most comprehensive, up-to-date and accessible figures on renewable energy capacity statistics. It contains nearly 15,000 data points from more than 200 countries and territories.     

“This latest data confirms that the global energy transition continues to move forward at a fast pace, thanks to rapidly falling prices, technology improvements and an increasingly favourable policy environment, said IRENA Director-General Adnan Z. Amin. “Renewable energy is now the solution for countries looking to support economic growth and job creation, just as it is for those seeking to limit carbon emissions, expand energy access, reduce air pollution and improve energy security.”

“Despite this clear evidence of strength in the power generation sector, a complete energy transformation goes beyond electricity to include the end-use sectors of heating, cooling and transportation, where there is substantial opportunity for growth of renewables,” Mr. Amin added. 

Solar photovoltaics (PV) grew by a whopping 32% in 2017, followed by wind energy, which grew by 10%. Underlying this growth are substantial cost reductions, with the levelised cost of electricity from solar PV decreasing by 73%, and onshore wind by nearly one-quarter, between 2010 and 2017.   Both technologies are now well within the cost range of power generated by fossil fuels.

China continued to lead global capacity additions, installing nearly half of all new capacity in 2017. 10% of all new capacity additions came from India, mostly in solar and wind. Asia accounted for 64% of new capacity additions in 2017, up from 58% last year.  Europe added 24 GW of new capacity in 2017, followed by North America with 16 GW.  Brazil set itself on a path of accelerated renewables deployment, installing 1 GW of solar generation, a ten-fold increase from the previous year. 

Off-grid renewables capacity saw unprecedented growth in 2017, with an estimated 6.6 GW serving off-grid customers.  This represents a 10% growth from last year, with around 146 million people now using off-grid renewables. 

Highlights by technology:

Hydropower: The amount of new hydro capacity commissioned in 2017 was the lowest seen in the last decade. Brazil and China continued to account for most of this  expansion (12.4 GW or 60% of all new capacity).  Hydro capacity also increased by more than 1 GW in Angola and India.

Wind energy: Three-quarters of new wind energy capacity was installed in five countries: China (15 GW); USA (6 GW); Germany (6 GW); UK (4 GW); and India (4 GW). Brazil and France also installed more than 1 GW.

Bioenergy: Asia continued to account for most of the increase in bioenergy capacity, with increases of 2.1 GW in China, 510 MW in India and 430MW in Thailand. Bioenergy capacity  also increased in Europe (1.0 GW) and South America (0.5 GW), but the increase in South America was relatively low compared to previous years.

Solar energy: Asia continued to dominate the global solar capacity expansion, with a 72 GW increase. Three countries accounted for most of this growth, with increases of 53 GW (+68%) in China, 9.6 GW (+100%) in India and 7 GW (+17%) in Japan. China alone accounted for  more than half of all new solar capacity installed in 2017. Other countries that installed more than 1 GW of solar in 2017 included: USA (8.2 GW); Turkey (2.6 GW); Germany (1.7 GW); Australia (1.2 GW); South Korea (1.1 GW); and Brazil (1 GW).

Geothermal energy: Geothermal power capacity increased by 644 MW in 2017, with major expansions in Indonesia (306 MW) and Turkey (243 MW). Turkey passed the level of 1 GW geothermal capacity at the year-end and Indonesia is fast approaching 2 GW.

 



Posted by : GoDubai Editorial Team
Viewed 9113 times
Posted on : Saturday, April 7, 2018  
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of GoDubai.com.
Previous Story : Etihad Energy to host the 4th Annual RetrofitTech Dubai Summit and Awards
Next Story : Ensuring water security for future generations is the biggest challenge, says Suhail Al Mazrouei
Email this article Print this article

Share this article with your friends and followers
NewsVine

Comments

Back to Top  
Most Viewed Press Release posted in the last 7 days
Australia's Number No.1 Natural Skincare Brand* Partners With Jessica Kahawaty
Matthew Fitzpatrick Wins the 2018 Omega European Masters
Introducing New Make-up From Rodial That You Need In Your Kit
Rado reimagines a bold 1960s classic for the 21st Century
Scuderia Ferrari presents Fall winter collection
NARS Erdem SS19 Beauty Report
Introducing VK Beauty Lounge & Bar
Alina Anwar Couture Launches in UAE
Introducing Home Fragrance at Robinsons, Dubai Festival City
Diana Arno Expands Online Shopping to Middle East
Defying Age With Skin Republic's Gold and Platinum Face Masks
British Classics Make a Comeback in Jack Wills AW18 Collections
The Future Is Here
Roberto Cavalli's Exclusive Duo of Fragrances
Bring a Touch of Sophistication to Your Home with The Exclusive SmegXDolce&Gabba...
Lacoste.12.12 Collection
Trevor Sorbie Range Relaunches in the UAE
Carl F. Bucherer Celebrates Debut of Its Online Boutique on Jd.Com Launch of Lim...
GROHE Smart Home: The App-Controlled Water Security System
Honda voted “Preferred Sedan Car Brand of the Year” for the fourth year in a row
FOREO To Attend TFWA: the World's Largest Travel Retail Show
William Collection by Hugo Boss
Le Meridien Dubai Hotel & Conference Centre's Restaurant Promotions- October
Al-Futtaim Toyota swoops another win at the Filipino Times Awards
PAN Emirates bedroom festival with discount up to 70%
Al-Futtaim ACE launches its stylish new Outdoor collection
Mousses Etoiles to reveal the latest luxury designs of commercial-use outdoor fu...
Dubai Design Week continues to grow, cementing Dubai as the design capital of t...
Tips & Toes Hits the Big 3-5!
Harmony and Sustainability Define Ideal Standard's ‘Esedra' Ceramic Bathroom Col...
Tata Communications launches a specialised cyber security lab at Shanmugha Arts,...
Pamper yourself at Perfumery & Co this month, at The Dubai Mall
Consonni Wraps Up La Vuelta a Espana With a Seventh Place Finish for UAE Team Em...
Akamai Unveils Solutions at IBC 2018 Designed to Mitigate the Challenges and Cos...
Abu Dhabi wins bid to host 2022 ITU Grand Final in world first
du Opens New Business Centre in DIFC for Enterprise Customers
Cheyenne Woods: Stepping out of Tiger's shadow
Sharjah's Recognition as ‘Accessible City for Physically Disabled' Hailed as His...
Etihad Cargo Increases Focus on Cold Chain Industry with ‘Freshfoward' Product
Cadillac XT4 Delivers Dynamic Driving Experience
International School of Creative Science Muwaileh celebrates outstanding student...
Volunteers from the UAE join hands with the community in Tasset Peulh village in...
New Homologations for Pirelli Tyres
The Dubai Business Women Council meets with the UN Assistant Secretary-General t...
Debut Jaguar I-PACE eTROPHY Calendar Announced
UOWD launches Ministry-accredited Foundation Studies Program to guide senior sch...
World's first cyborg on artificial senses
O Boticário Opens in Dubai its First Amphora Store outside Brazil Come Join...
Registration for the 5th edition of Camel Trek is now open
Masdar, ADFD and PUC partner to build solar power plant with battery storage in ...