"I see solar becoming the new king of the world’s electricity markets," According to Fatih Birol, executive director of the IEA. The renewable energy sector has seen huge growth over the past few years. Renewable energy is also breaking records despite the pandemic. Among the renewables, Solar is seen as the "King". Here are 5 among Read more 5 Reasons Why Solar Energy is the New ‘King of Electricity’
The delays and closures caused by the COVID-19 pandemic has affected most of the energy sector but has also proven the resilience of renewable energies. Not only has it stayed resilient, but also experienced a fast growth rate and decrease in energy generation cost. As economies starts to open up, many investors are becoming very Read more 5 Reason to Invest in Renewable Energy in 2021
According to an IEA report, the total investment on the global power section this 2021 is set to increase to 5% or more than $820 Billion USD. 70% of that investment or $530 Billion, accounts for new power generation from renewable energy sources. The other 30% goes to investment in power storage and grids. This Read more Renewable Energy To Attract 70% of Global Energy Investment in 2021
Renewable energy demand increases despite the pandemic According to latest market update analysis by the International Energy Agency (IEA), despite the pandemic, Renewable Energy were the only energy source where demand increased in 2020 while demand for other fuels declined Fast growth rate [caption id="attachment_5337" align="aligncenter" width="1236"] Renewable energy capacity additions 2022[/caption] Renewable energy sources have seen their faster Read more The Resilience of Renewable Energy Through The Pandemic
According to the International Energy Agency, the next few years will see renewable energy dominate worldwide electricity capacity which will be lead by solar and wind. Renewables Added Capacity IEA's "Renewable Energy Market Update 2021" report said that last 2020 the capacity added from renewable energy increased to 45% to almost 280GW. This is the highest annual Read more Renewable energy to dominate worldwide electricity capacity
With resources that can generate up to 3,000 gigawatts (GW), and a “highly-liberalized” active spot market, the Philippines is touted as second best investment destination for renewable energy across Southeast Asia according to a report from HSBC Global Research. The independent research considered entry barriers and regulatory environments in the Philippines, Thailand, Indonesia, Malaysia, Vietnam and Read more Philippines is the second highest investment destination for renewables across Southeast Asia – report
Renewable energy is increasingly becoming the dominant source of power over the last decade and is expected to become the world's main source of power by 2030. Source: Renewable Capacity Statistics 2021 IRENA A record 261 gigawatts (GW) of renewable energy capacity was installed in 2020, twice the capacity added globally the year before. Solar energy continues Read more Renewable Energy, World’s primary source of power by 2030
EU is now getting more electricity from renewable energy sources than fossil fuels, according to an annual report from Ember and Agora Energiewende. According to the report, in 2020 renewable energy from wind and solar contributes up to 38% surpassing fossil fuels such as coal and gas which contributed 37% Spain and Germany also hit this important Read more Renewable energy surpassed fossil fuels in EU electricity production
Switching to solar energy for your business makes sense. Not only can you start helping the environment by reducing carbon footprint, it can actually save you money and also tap into the environmentally conscious market base. Reduce operational costs It is no secret that having your own renewable electricity source is way cheaper that having to tap Read more How Your Business Can Benefit From Solar Energy
According to the Clean Energy Investment Trends by Bloomberg NEF, Asia (and Pacific) now represents 50% of the global renewable energy market, making it a bigger market than US and Europe. Source: investment per region, Bloomberg New Energy Finance Drivers behind the renewable market in Asia. Increase in power demand. Just in Southeast Asia, energy consumption is expected Read more Asia Pacific Renewable Energy Trends, Drivers and Opportunities
