NewEnergyNews: Global New Energy Overtaking Nuclear Power

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  • TODAY AT NewEnergyNews, October 16:

  • ORIGINAL REPORTING: Securitization fever: Renewables advocates seize a Wall Street way to end coal

    Friday, July 12, 2019

    Global New Energy Overtaking Nuclear Power

    Renewables Catching Nuclear Power In Global Energy Race

    Robert Rapier, July 7, 2019 (Forbes)

    “…BP's Statistical Review of World Energy 2019 separates renewables into two categories called Hydroelectric and Renewables…[and, together, are on the cusp of overtaking nuclear globally… [F]rom 2007 to 2017, global electricity generated by coal grew at an annual average of 1.7%. Nuclear generation over that time actually declined annually by 0.4%, a consequence of the Fukushima Daiichi nuclear disaster in 2011. Hydropower generation grew at an average annual rate of 2.8%…[Renewables] grew at an average annual rate of 16.4%. But within that category, power from geothermal and biomass grew at an annual average of 7.1%. Wind and solar power, by contrast, grew at an annual average of 20.8% and 50.2%, respectively, over the past decade…

    The world's leading producer of solar power in 2018 was once again China, with a 30.4% share globally. China maintained a blistering growth rate in 2018, with solar generation increasing by 50.7% over 2017. From 2007 to 2017, China increased solar generation at an average annual rate of just over 100%...The U.S. remains in second place globally with a 16.6% share. U.S. solar power generation increased by 24.4% over 2017, and over the decade the U.S. has increased solar power at an average annual rate of 53.2%...China was also the top producer of wind power with a 28.8% global share. Again, the U.S. was second with a 21.9% share…Nuclear power remains ahead of renewables, but just barely…[And its 22% lead on renewables in 2017 feel in 2018 to] less than 9%...[Modern renewables will likely] surpass nuclear power production either this year or next year…” click here for more

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