Renewable electricity accounted for 65 per cent of Germany’s electricity supply in the first half of 2024, at 140 TWh, according to data from the Fraunhofer Institute for Solar Energy Systems.
According to a report from Moody’s Ratings, “India will require $190-$215 billion of investment over the next seven years to achieve the target of 500 GW of renewable energy capacity by 2030.”
Researchers at MIT in Massachusetts, USA, have developed what they claim is a means of storing electricity inside modified concrete.
Alparslan Bayraktar, Türkiye’s Minister of Energy and Natural Resources, said that the country had broken records for solar and wind power generation in April.
Manila Electric Co (Meralco) of the Philippines has started a competitive selection process for 500 MW of mid-merit renewable energy capacity.
A report by the environmental think tank Ember states that growth in solar and wind power pushed renewable generation to a record 30 per cent of global electricity production in 2030, putting the target of tripling global renewable capacity by 2030 within reach.
Qatar General Electricity and Water Corporation has launched the Qatar National Renewable Energy Strategy (QNRES) which plans to increase renewable power generation to 4 GW by 2030.
The European Commission has announced that carbon emissions from power plants fell by 24 per cent compared to 2022, the fastest decline in history.
According to data from the Energy and Climate Intelligence Unit’s (ECIU) Power Tracker, renewable energy sources in the UK over winter 2023/24 generated more electricity than gas power stations.
The switch to clean energy can only happen if grids are upgraded to connect to more renewable projects, and store excess energy for later use, rather than curtail it. But bureaucratic processes are causing major delays to key renewable energy projects.
By Frédéric Godemel, EVP Power Systems and Services at Schneider Electric