Tripling Renewables by 2030 Requires a Minimum of 16.4% Annual Growth Rate

Credit to Author: Press Release| Date: Thu, 11 Jul 2024 17:23:45 +0000

Record growth in renewables must be significantly topped up in the remaining 7 years to meet the UAE Consensus energy target set at COP28 Abu Dhabi, United Arab Emirates — The Renewable Energy Statistics 2024 released by the International Renewable Energy Agency (IRENA) today shows that despite renewables becoming the fastest growing … [continued]

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What Does A Pathway Toward More Ambitious Renewable Energy Targets Look Like?

Credit to Author: Carolyn Fortuna| Date: Thu, 09 May 2024 21:25:13 +0000

As a necessary step to remain on track to limit global temperature increase to 1.5°C above pre-industrial levels by the end of the century, the world must achieve net zero emissions by 2050. Renewable energy targets have been variously contentious, in flux, and ambitious since the Paris Agreement. Moreover, within … [continued]

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POWER Digest [May 2024]

Credit to Author: POWER| Date: Wed, 01 May 2024 10:03:54 +0000

IRENA: 70% Global Renewable Deployment Led by Asia in 2023. Global renewable deployment over 2023 reached a total capacity of 3,870 GW—a new record in the power sector, according to the International

The post POWER Digest [May 2024] appeared first on POWER Magazine.

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Global Utility Alliance Calls for Tripling Renewable Energy Capacity

Credit to Author: Darrell Proctor| Date: Fri, 19 Apr 2024 15:32:26 +0000

A group that represents utility companies worldwide said its members want to nearly triple their renewable energy generation capacity by 2030. The Utilities for Net Zero Alliance (UNEZA), which was […]

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EGS, AGS, and Supercritical Geothermal Systems: What’s the Difference?

Credit to Author: Sonal Patel| Date: Tue, 04 Apr 2023 13:52:20 +0000

The spectrum of geothermal technologies is quickly evolving. This supplement to POWER’s April 2023 feature, “Startups Are Shaking Up Geothermal Power’s Potential,” briefly explains the differences between some engineered geothermal systems. Conventional geothermal energy is largely produced by hydrothermal systems, which consist of hot water circulated in deep-seated permeable rocks. Resource temperature ranges from high (greater […]

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IRENA Says Hydropower Capacity Must Double by 2050 to Meet Climate Goals

Credit to Author: Aaron Larson| Date: Thu, 16 Feb 2023 15:10:14 +0000

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A new report issued this week by the International Renewable Energy Agency (IRENA) says hydropower, which is already the largest source of renewable electricity in the world, must double in capacity if the world is to meet the climate goals outlined in the Paris Agreement by 2050. The report says installed hydro capacity must reach […]

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The Big Picture: Off-Grid Power [Infographic]

Credit to Author: Sonal Patel| Date: Wed, 01 Feb 2023 05:15:00 +0000

An estimated 91% of the world’s population had access to electricity in 2020, marking substantial progress toward goals to ensure universal access to power. Still, according to the International Renewable Energy Agency (IRENA), 733 million people remain unserved. Off-grid and decentralized energy systems may be emerging as an alternative to facilitate energy access and resilience, […]

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Most Renewables Now Cheaper Than Cheapest Coal

Credit to Author: Zachary Shahan| Date: Fri, 22 Jul 2022 02:50:01 +0000

The idea that it costs a premium to go green and clean is long expired in the electricity industry. A new report from the International Renewable Energy Agency (IRENA) indicates that most of the renewable energy installed in G20 countries last year had lower costs than the absolute cheapest coal power in the world. Despite […]

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THE BIG PICTURE [Infographic]: Solar’s Explosive Growth

Credit to Author: Tracey Lilly| Date: Thu, 02 Jan 2020 05:00:30 +0000

The post THE BIG PICTURE [Infographic]: Solar’s Explosive Growth appeared first on POWER Magazine.

According to the International Energy Agency’s (IEA’s) World Energy Outlook 2019, solar photovoltaic (PV) is set to become the largest source of installed electrical capacity in about 2035, if countries pursue policies as planned. By 2040, solar could make up 24% of global installed capacity—up from 7% in 2018—but its share of generation could hover […]

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Why the 2010s Were a Definitive Decade for Power

Credit to Author: Sonal Patel| Date: Thu, 02 Jan 2020 04:03:12 +0000

The post Why the 2010s Were a Definitive Decade for Power appeared first on POWER Magazine.

Every one of the 13 decades that POWER magazine has been in print has been definitive for electric generation technology, policy, and business in some significant way, but few have been as transformative as the 2010s. The decade opened just as the global economy began to crawl toward recovery from a historically unprecedented downturn that […]

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