PV dominates power generation technologies
A research from BloombergNEF revealed that photovoltaics dominated as the main new power-generating technology source around the world in 2019.
Image for illustration purposes
New research from BloombergNEF revealed that photovoltaics dominated as the main new power-generating technology source in dozens of countries around the world in 2019.
From Namibia to Australia, India, Italy, Uruguay, and the US, 2019 saw a record 118 GW of new generation capacity constructed.
PV topped all other technologies in new-build terms and was the most popular technology deployed in a third of nations, according to data compiled by research company BloombergNEF (BNEF).
In all, 81 countries built at least 1 MW of solar PV during the last calendar year and solar accounted for nearly half of all new power generation capacity worldwide.
The report highlights the rise of solar power over the last decade, from 43.7 GW total capacity installed in 2010 to 651 GW as of year-end 2019.
PV in 2019 exceeded the total installed capacity for wind (644 GW), becoming the fourth-largest source of power on a capacity basis, behind coal (2,089 GW), gas (1,812 GW), and hydro (1,160 GW). There is now more wind and solar capacity online worldwide than total capacity from all technologies, clean or dirty, in the US.
“Sharp declines in solar equipment costs, namely the modules that go on rooftops and in fields, have made this technology widely available for homes, businesses, and grids,” said Luiza Demôro, BNEF analyst and lead author of the study. “PV is now truly ubiquitous and a worldwide phenomenon.”
Source: ESI Africa
