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Rapid growth of renewable energy: it’s the major energy source in Europe

Renewable energy capacity around the world grew by a record amount during 2020, even as China continued to build new fossil-fuel burning coal plants. Capacity of wind and solar power grew by 238GW globally – about 50pc larger
than any previous expansion, according to the latest annual review of world energy by oil and gas giant BP.

The jump in renewable output amounts to about seven times the total installed capacity in the UK, and came in a
year marked by a slump in energy use as the pandemic triggered a slowdown in global travel. The share of renewable power, including wind and solar, in the global power mix also rose from 10.3pc to 11.7pc. In Europe, that share reached 23.8pc, making it the first region where renewables are the main source of fuel, BP said.

 Telegraph 8th July 2021

https://www.telegraph.co.uk/business/2021/07/08/wind-solar-power-surges-record-year/

July 10, 2021 - Posted by | EUROPE, renewable

1 Comment »

  1. Strange… If renewables are so cheap and are being used so widely, why is my electricity price per kWh rising so greatly all the time? “Millions of homes face a winter energy bill hike of more than £110 a year due to a surge in commodity market prices to almost 13-year highs, according to industry experts. A standard gas and electricity bill is expected to climb to an average of £1,250 a year this winter after a “massive price hike” as global energy markets soar to prices not seen since 2008. Energy market analysts have said that a gas demand surge in Asia and a long European winter has left reserves on the continent at record low levels, causing market prices for gas and electricity to rally to near 13-year highs in recent days and spelling higher energy bills for UK homes this winter too.

    Martin Lewis, the founder of the consumer website Money Saving Expert, said that bill payers can expect “huge rises” on their energy bills, of up to £112 a year, from October.”

    https://www.theguardian.com/money/2021/jun/23/millions-of-uk-homes-face-winter-energy-bill-hike-of-over-110-a-year-experts-say

    Comment by John Smith | July 10, 2021 | Reply


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