Global grid capacity needs to grow 2.5 times its current size, and annual expenditure on grids must more than double to US$970 billion by 2050, according to a new report from DNV.
More than a quarter of the European Union’s (EU) electricity (27%) came from solar and wind in 2023, according to new analysis from energy thinktank Ember.
A record growth from solar and wind power, increased its global electricity to 12% in 2022, however, other clean energy resources have dropped for the first time since 2011, according to energy thinktank Ember.
Solar and wind installations in the US could account for between 40% and 62% of total electricity generation by 2030, according to a report from the National Renewable Energy Laboratory (NREL).
The share of renewables in net electricity generation in Germany nearly accounted for half of total power generation in 2022 with 49.6%, according to the Fraunhofer Institute for Solar Energy Systems (ISE).
