Tag: 宁波600品茶

Fitch sees renewables becoming Western Europe’s top power source by 2023

first_imgFitch sees renewables becoming Western Europe’s top power source by 2023 FacebookTwitterLinkedInEmailPrint分享Recharge:Western Europe will spearhead the transition to non-hydropower renewables, which will become the region’s predominant power source by 2023, Fitch Solutions said in an update to its 10-year global renewable energy outlook.“We expect the region’s total non-hydropower renewables capacity will grow by more than 330GW between 2020 and 2029 to reach nearly 1TW of capacity, almost equivalent to the total thermal capacity expected in 2029,” the analysts said.Non-hydro renewables according to Fitch Solution’s estimate are slated to make up 31% of total generation in Western Europe.The analysts said the detrimental impact of the Covid-19 pandemic in the short term will disrupt non-hydro renewables growth. But an expected recovery after this year actually presents greater opportunities for investment in solar and wind power as their lower costs and more rapid deployment characteristics will prove attractive to both private investors and governments seeking to maintain power sector growth over the medium term.On a global scale, the renewables sector will expand from over 1.3TW by the end of 2019 to more than 2.6TW ten years later, when 18% of the world’s generation are expected to come from renewable sources. That growth will be mainly driven by China, which is seen making up 42% of global non-hydro renewables additions in the ten-year period.[Bernd Radowitz]More: Renewables to become Western Europe’s main power source by 2023: Fitch Solutionslast_img read more

Start reading Fitch sees renewables becoming Western Europe’s top power source by 2023