2019: Renewable Energy Statistics
For the first time ever, in April 2019, renewable energy statistics show that renewable energy outpaced coal by providing 23 percent of US power generation, compared to coal’s 20 percent share. In the first half of 2019, wind and solar together accounted for approximately 50 percent of total US renewable electricity generation, displacing hydroelectric power’s dominance.
Declining costs and rising capacity factors of renewable energy sources, along with increased competitiveness of battery storage, drove growth in 2019. In the first half of the year, levelized cost of onshore wind and utility-scale solar declined by 10 percent and 18 percent, respectively, while offshore wind took a 24 percent dip. The greatest decline was in lithium-ion battery storage, which fell 35 percent during the same period. This steady decline of prices for battery storage has begun to add value to renewables, making intermittent wind and solar increasingly competitive with traditional, “dispatchable” energy sources.
Since 2000 Powersystems have completed some 1181 renewable energy projects . Having completed some 285 wind projects, connecting some thousands of wind turbines to grid, with a total generated capacity of over 3.3 GW, this currently represents 24% of all U.K. land based Wind Farm generation.
The renewable energy sector saw significant demand from most market segments as overall consumer sentiment remained positive. Renewable energy consumption by residential and commercial customers increased 6 percent and 5 percent, respectively, while industrial consumption declined slightly, by 3 percent, through June 2019 compared with the previous year.
The prospects for short-term solar and wind energy growth appear favorable, with about 96.6 percent of net new generation capacity additions (~74 GW) expected to come from these two resources in 2020. As of late 2019, at least utilities have announced 100 percent decarbonization goals, and we’ll be watching for that list to grow in 2020.
2020: Renewable energy statistics show industry poised to enter new growth phase
The year ahead promises further growth in the renewable energy sector. This will likely come against a backdrop of increased innovation and collaboration among multiple stakeholders. Renewables are likely to continue moving into the driver’s seat in electricity markets as utilities and regulators prefer them to replace retiring capacity and customers increasingly choose them to save costs and address climate change concerns. Growth in the UK offshore wind sector will likely bring multiple opportunities for industry players as vie for manufacturing and port infrastructure projects. Grid resiliency will also likely be a growing driver for distributed renewable deployment as utilities and their customers increasingly consider renewable microgrids combined with storage solutions. However, trade and tariff policy uncertainty will likely keep the industry on the lookout for risk mitigation tactics. But companies that are ready to innovate, collaborate, and seize new opportunities will likely thrive in a new phase of renewable growth.
Powersystems renewable energy statistics
Capacity is presented in megawatts (MW), while generation is presented in gigawatt-hours (GWh).
Powersystems have connected nearly 350 MW of Land Fill Gas generation projects, 26.5MW of Anaerobic Digestion across 30 sites, in the commercial food waste, energy crops and farm based sectors, with some additional 6MW currently in progress across the UK.
Powersystems have connected in excess of 100MW of solar farms across the south west.
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