Renewable energy, such as wind and solar, is expected to dominate power generation out to 2050 thanks to the continuing cost competitiveness and the adoption of these sources into the power systems. However, significant acceleration in financing and building new capacity remains the challenge to continue the growth, according to the latest edition of bp’s Energy Outlook.
Europe added 6.7GW of solar last year with demand decreasing by more than 21% from the prior year, according to the latest data from SolarPower Europe.
Big energy utilities such as Eon and innogy are “changing the appearance” of the European solar market as they wade into the sector, a panel of industry leaders has concluded.
France has sought to increase its ambitions for solar PV in the country after the technology “overshot expectations”, a government representative has said.
