Solar Power Surpasses With 2/3 of New Generating Capacity Over New Coal Investments

The vast majority of large energy companies globally also appear keen to invest millions in smart-grid technologies that would enable the transition

The Australian reported that renewable energy sources, specifically solar power, have exceeded coal generation and now provide 2/3 of the new electricity generating capacity worldwide. Solar power has surpassed investments in coal.

The annual review from the International Energy Agency showed that:

  • renewable energy will continue to have a fast uptake and will raise the worldwide electricity generation from 24% to 30% by the year 2022.
  • Denmark is predicted to be the leader with 70% of its power coming from solar and wind.
  • Ireland, the United States and Germany will contribute 1/4 of power from wind and solar.

Click here to read the full story on The Australian

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Written by Jon Capistrano

Jon specialises in research and content creation for our outreach campaigns. He’s worked as a technical support representative for Dell, America Online, Xbox and Dodo Australia. He’s an avid scooterist and musician.

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