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Renewable Power Capacity to Rise 43%

Renewable power capacity is set to rise by up to 43% over five years according to a new report.

The report from the International Energy Agency states that the growth figure of 1,000GW is around half of current global coal capacity.

While coal will still produce the most power over the period, 30% of all power generation will come from renewable sources.

This represents a rise of around 6%, a 3% higher growth rate than coal and gas combined.

The scale of this growth, is in part, thanks to the 50% rise in solar capacity, a rise faster than any other energy source. With this same rate of growth, it is expected that renewable and green power will equal that of conventional energy sources within five years.

At present, around two-thirds of all new power capacity coming online is from renewables, a figure of around 165GW.

Electric vehicles are expected to require up to double the amount of power currently accessed up to 2022, 30% of this usage will be from renewable sources. This represents a rise of 4% from today.

Crown Gas & Power are a gas supplier to the commercial world. If you would like more information about our business supply and connection services, request a quote here or get in touch with our team on 0161 762 7744.

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