Renewable Energy 2023, we are preparing to break a new record

Renewable Energy 2023, we are preparing to break a new record
renewable energy 2023
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Photovoltaics will account for two-thirds of renewable energy growth by 2023

(Renewables.it) – This year, the world will add a record amount of renewable energy to electrical systems. more than the total energy capacity of Germany and Spain combined.” with these words Fatih BirolCEO of the companyInternational Energy Agency (IEA), this morning presented a new report on the market renewable energy 2023.

The document updates valuations submitted in December 2022 in June this year, restoring a decidedly positive picture for the sector. In fact, the International Energy Agency expects a new impetus for green energy, supported by political and energy security concerns. Overall, and in general, the rationale for renewables far outweighs the challenges of the moment, including rising investment costs and supply chain kinks. Estimates from the International Energy Agency imagine a more global addition 440 gigawatts of electricityfor a cumulative total 4,500 gigawatts, which is the electric horsepower of China and the United States combined. And in 2024, the added GW next year could be 550 (accelerated scenario).

New record for wind power, but photovoltaic dominates

In this context, i New photovoltaic systems Which alone represents two-thirds of the estimated increase for this year. Which should also act as a powerful lever in 2024. On the basis of success, the decline in prices Photovoltaic units, a greater spread of distributed systems and a renewed political push that benefits all major markets, including China, the European Union, the United States and India. less brightwild wind. Although the primary contribution to renewable energy 2023 (add The onshore sector is expected to rise 70% this year to a record 107 GW, and the sector will pull the brakes the following year. The big problem here is Europe, where auctions are weak and authorization delays are constant. An inertia that, if not resolved, threatens to cancel planned increases in the rest of the world.

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Renewable electricity 2023 What is happening in Europe?

In general, the Old Continent relies more on green energy as a tool for energy security. Projected growth of renewable energy 2023 in terms of clean electricity, bioenergy boilers, heat pumps, solar thermal and geothermal technologies could replace approximately 8 billion cubic meters of annual gas consumption in the EU in 2023 and beyond 17 billion cubic meters in 2024. This would contribute significantly to meeting the growing demand for fossil fuels in the event of colder winters and warmer summers during the period 2023-2024.

The IEA also estimates that European consumers will save around €100 billion over the 2021-2023 period thanks to newly installed photovoltaic and wind power. Without renewable capacity increases in recent years, the average wholesale price of electricity in the EU in 2022 would have been 8% higher, hurting households, businesses and public budgets.

Laws here Renewable Energy Report 2023

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