Renewable energy has improved during the year period of 2019 with the International Energy Agency (IEA) expecting almost 200 GW of new clean energy generation capacity to be added by the end of the year
The IEA expects 115GW of new capacity additions will come from Solar despite a small decline in China as PV and wind offer very much the mainstream options. There is uncertainty in the Chinese market as a result of Chinese policymakers phasing out Feed-in tariffs and introducing deployment quotas. This has slowed down the deployment of renewable.
However, there is Rapid solar power adoption across EU member states, particularly Spain, which will offset the dip in the world’s biggest market-China, according to the IEA, which also picked out Vietnam, India, the U.S., and Japan as fast-expanding solar markets.
In fact, the only uncertainty cited in the latest IEA forecast concerned the unpredictable Chinese marketplace.
More to be done
The deployment that was seen this year will still fall well short of the 300 GW of new renewable energy capacity required annually from 2018 to 2030 to meet the IEA’s ‘sustainable development’ scenario.
The agency blamed the policy changes by China and the peddling of the myth of natural gas as a low-carbon energy source by German think-tank the Energy Watch Group.
“We are experiencing a dramatic decline in the cost of solar power, coupled with strong onshore wind growth,” said IEA executive director Fatih Birol. “And the offshore wind is showing encouraging signs. These technologies are the cornerstones of global efforts to combat climate change, reduce air pollution and provide energy access for all.”
The IEA estimates the onshore wind market will grow 15% to 53 GW this year, driven by new installations in the U.S and China.
The increase in offshore wind energy is expected to remain stable at around 5 GW in 2019, led by the European Union and China.
Source: PV magazine