Global New Energy Boom Gaining Momentum

Renewables met 100% of the rise in global electricity demand in the first half of 2022

Michelle Lewis, October 4, 2022 (Electrek)

“…The rise in wind and solar generation met over 75% of the demand growth in the first half of 2022, while hydro met the remainder, preventing a possible 4% increase in fossil-fuel generation and avoiding $40 billion in fuel costs and 230 Mt CO2 in emissions…Global electricity demand grew by 389 terawatt hours (TWh) in the first half of 2022. Renewables – wind, solar, and hydro – increased by 416 TWh, slightly exceeding the rise in electricity demand…Wind and solar alone rose by 300 TWh, which was equal to 77% of the rise in global electricity demand. In China, the rise in wind and solar generation alone met 92% of its electricity demand rise. In the United States it was 81%, and in India it was 23%...” click here for more

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