According to the latest data released by Bloomberg new energy finance, the global investment in new renewable energy capacity from 2010 to 2019 reached US $2.6 trillion, of which the installed solar power generation capacity will exceed any other power generation technology.
According to the global trend report on renewable energy investment in 2019 released prior to the UN Global Climate Action summit, the investment will increase the capacity of renewable energy production capacity (excluding large-scale hydropower) from 414 GW at the end of 2009 to 1650 GW by the end of this year.
In the past decade, solar power investment accounted for half of the total, totaling $1.3 trillion. Solar installed capacity will increase from 25 GW in 2010 to 663 GW by the end of this year, enough to meet the annual electricity demand of nearly 100 million households in the United States.
In 2018, the proportion of renewable energy in the global power structure reached 12.9%, significantly higher than the 11.6% of the previous year. At the same time, it has reduced emissions of 2 billion tons of carbon dioxide. In 2018, the total emissions in the power sector were 13.7 billion tons.
Including all major power generation technologies (fossil and zero carbon), the net installed capacity will be 2366 GW in ten years, with solar energy taking the largest single share (663 GW), coal taking the second place (529 GW), wind energy (487 GW) and natural gas (438 GW).
In the past decade, the cost competitiveness of renewable energy has also increased dramatically. Since 2009, the average power cost of solar photovoltaic power generation, a measure that can continuously compare different power generation methods, has dropped by 81% and onshore wind power by 46%.
“Investing in renewable energy is investing in a sustainable and profitable future,” said Inger Andersen, executive director of the United Nations Environment Programme. But we can’t be complacent. During this period, emissions in the global power sector increased by about 10%. Obviously, if we are to achieve the international climate and development goals, we need to accelerate the global shift to renewable energy. ”
In 2018, global renewable energy investment reached US $272.9 billion. Although this is 12% lower than the previous year, 2018 is the ninth consecutive year with capacity investment of more than $200 billion and the fifth consecutive year with capacity investment of more than $250 billion. This is also three times the global investment in coal and gas-fired power generation capacity.
Although the capital cost of solar and wind energy projects continued to decline, and policy changes affected investment in China in the second half of the year, 2018 was still impressive: a record 167 GW of new renewable energy capacity was completed, up from 160 GW in 2017.
As far as countries and regions are concerned, China is still in the leading position. China has been the largest investor in renewable energy capacity in the past decade. From 2010 to the first half of 2019, China has committed US $758 billion. The United States is second, US $356 billion, and Japan is third, reaching US $2020 billion.
Over the same period, European renewable energy investment reached 698 billion US dollars, with Germany contributing the most, 179 billion US dollars, and the United Kingdom contributing 122 billion US dollars.
Although China is still the largest single investor in 2018, global renewable energy investment is expanding, with 29 countries and regions investing more than US $1 billion, compared with 25 in 2017.
The new energy cable developed by Silin is suitable for wind power generation equipment, fixed installation inside the wind tower, portable tools, equipment and facilities in the wind turbine and other related power systems, solar photovoltaic modules and inverter wiring systems.
(Source: Cable Network)
