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

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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