Over The Next Five Years, Global Renewable Capacity Will Increase By 40 Percent

- Oct 19, 2017-

China energy storage net news: on October 17, 2017 international symposium on renewable energy development, hydropower planning & design institute and the international energy agency, for the first time jointly issued the global and China's renewable energy development report.Among them, the 2017 global renewable energy development report forecasts that global renewable power capacity will grow by 920 gigawatts between 2017 and 2022, an increase of 43 per cent.In the next five years, the growth of renewable energy power generation will reach twice the increase of combined gas and coal, by 2020, the global renewable energy power generation is expected to grow a third, more than 8000 TWH, and more competitive, with coal gap is narrowing.

QiChengYuan, deputy director of the national energy administration, said the current, renewable energy development and utilization has become an important development direction of global energy, whether developed countries or developing countries, will be the development of hydropower, wind, solar and other renewable energy as an important means of energy security and climate change double challenge.

Of the 2017 global renewable energy development report shows that renewable energy to another record high in 2016, the main reason is that in the context of cost reductions and policy support, solar photovoltaic made a vigorous development in China and worldwide.Global solar pv capacity grew by 50 per cent in 2016, more than 74 gigawatts, with almost half of that increase coming from China.

"Our forecast for electricity from 2017 to 2022 is based on the above figures.In 2016, renewable electricity accounted for two-thirds of the new capacity, and nearly 165 gigawatts of power went into production.The international energy agency HeymiBahar renewable energy project manager, senior experts said, in the next five years solar pv will become the main contribution of the renewable electricity capacity growth strength, significantly ahead of the wind power and hydropower.From the region, China is the undisputed leader of renewable power growth.Despite the policy uncertainty, the us is still the second, incremental, renewable power market.India has taken action to address the financial soundness of utilities and the Internet, and its renewable power will grow faster than the eu.The eu's projected growth in renewable electricity during the forecast period was 40 per cent lower than in the previous five years.

"2016 China's renewable energy development report pointed out that" much starker choices-and graver consequences-in "later period, the Chinese renewable energy will remain in the high speed growth, are hydropower keep steady progress, including wind power to keep steady growth of medium speed, photovoltaic power generation is expected to realize high speed rapid growth, biomass energy utilization way showed a trend of diversification go hand in hand, solar-thermal power generation, geothermal and other new renewable energy forms completed preliminary scale demonstration.

"By 2020, hydropower is expected to exceed 380 million kilowatts of power, wind power is expected to exceed 230 million kilowatts of power, photovoltaic power generation capacity is expected to exceed 160 million kilowatts, biomass power generation capacity is expected to exceed 15 million kilowatts.Non-fossil energy accounts for more than 15 percent of primary energy consumption.Zheng sheng 'an, head of hydropower planning and design, pointed out.

It is worth noting that many countries' renewable energy policies are shifting from the government to the price of electricity to a long-term purchase agreement for utilities.In major countries such as India, Germany and Turkey, the return on solar pv and wind projects has fallen 30 to 40 per cent in just two years, as competition intensifies.

Of the 2017 global renewable energy development report is expected in 2017 and 2022, renewable power capacity expansion, almost half is expected to push from bidding power purchase agreement, compared to just over 20% in 2016.At the same time, the global average cost is expected to fall further, the utility level of solar photovoltaic power decline for a quarter, a drop of nearly 15% of onshore wind, offshore wind decreased by one third.