THURSDAY 27 JUNE, 2013 |
Renewables To Eclipse Gas Powered Electricity Generation By 2016
Electricity generation from renewable sources worldwide will exceed that from gas and be twice that
from nuclear power by 2016 says the International Energy Agency.
The prediction is in the IEA's second annual Medium-Term Renewable Energy Market Report
(MTRMR); the Executive Summary of which can
be viewed here
The IEA says renewable power is expected to jump by 40% in the next five years and will make up almost a quarter of the global power mix by
In terms of non-hydro sources such as wind, solar, bioenergy and geothermal;
their share in the energy mix will double, reaching 8% by 2018.
Total renewable electricity generation grew strongly in 2012, increasing by 8.2% from 2011.
Rapid deployment of renewable energy capacity in emerging economies is expected to more than
make up for slower growth and volatility in other areas, notably Europe and the US.
The IEA says wind is competing with new fossil-fuel power plants in several
markets, including Brazil, Turkey and New Zealand. The cost of decentralised
solar photovoltaic electricity generation is also now lower than retail
electricity prices in a number of countries.
While it's good news; the agency warns against complacency; especially among OECD countries.
The issue of gas has become a hot-button topic in Australia in recent years;
particularly coal seam gas (CSG). In addition to the many environmental issues;
the topic of safety has now also been brought into play. Australia's Zero
Emissions has gone as far as to call for a ban on gas connections in new homes
and a 10 year phase-out in existing homes.
"Gas fired appliances are out-dated, dangerous and should be banned," says Matthew Wright, Executive Director
of Zero Emissions
Mr Wright says common major gas appliances have an electric competitor that beats them on price and
performance; including induction cooktops, heat pump hot water units
and reverse cycle heat pump
Such a shift to electricity-only would increase power demand considerably, but
Mr. Wright believes expensive grid upgrades would be unnecessary if the
Australian government supports battery storage systems for home solar
sector is rapidly evolving - yesterday we reported on the SMA
Sunny Boy Smart Energy
; the first wall mounted solar inverter with an
integrated battery to be mass produced.
Other news for Thursday 27 June, 2013
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