The World Has New Energy

DNV GL releases new report on renewable energy solutions

Sarah Smith, 11 August 2020 (Energy Global)

“…The recent COVID-19 crisis has demonstrated the [maturity and] resilience of renewable energy sources…By 2050, DNV GL forecasts that 66% of the world's electricity will be generated from renewable energy sources…[driven by the continuously decreasing cost of] onshore and offshore wind projects, and the availability of lower cost and more efficient solar modules, combined with advanced energy storage solutions…[but this will not keep] global warming well below 2°C by 2050… [In] the next phase of the energy transition, the expansion and evolution of these [existing] technologies is critical…[and] the development and adoption of floating renewables and next-generation battery storage technologies need to be accelerated…

click to enlarge

[E]lectric vehicles, carbon capture and storage, hydrogen and digitalisation need to be scaled-up…System operators, utilities and electricity market regulators must provide greater focus on how the increasing volume of renewable energy is to be integrated efficiently while maintaining high levels of grid reliability for consumers…[Prosumers must play an active role in] dynamic balancing of the supply and demand…[P]olicies are required that provide predictable costs which favour investment in renewable energy by reducing risk and increasing rewards…Economic stimulus programmes built around the proven resilience of renewable energy provide opportunity to…strengthen local labour markets and deliver high returns for international investors and financial institutions.” click here for more

click to enlarge

Tweet