2023-06-01 16:39:39
Paris, 1-6-2023 Wafa – The International Energy Agency said today, Thursday, that the potential for renewable energy sources will record record growth this year, at a time when high fossil fuel prices and concerns related to the energy sector fuel the deployment of solar and wind energy systems..
The agency stated, in an updated report on the sector, that it expects the additional global potential to increase by 107 gigawatts to reach 440 gigawatts in 2023..
“The world is moving to add a record amount of renewable energy sources to electricity systems – more than the total energy potential of Germany and Spain combined,” said Fatih Birol, the agency’s executive director, in a statement.
The total renewable energy potential in the world is expected to rise to 4,500 gigawatts next year, equivalent to the combined energy output of China and the United States, according to the agency..
China will consolidate its position as a major growth engine in the sector, contributing to 55 percent of global additions this year and next..
The International Energy Agency said it raised its forecast for renewable potential additions in Europe by 40 percent, at a time when countries are stepping up efforts to seek alternatives to natural gas following the war in Ukraine.
The newly developed solar and wind potential is estimated to have saved EU electricity consumers 100 billion euros ($107 billion) between 2021 and 2023 by displacing more expensive fossil fuels, according to the agency that advises developing countries..
“The global energy crisis has shown that renewables are essential to making the energy supply not only cleaner, but more affordable and secure,” Birol said.
Solar additions will account for two-thirds of the growth this year.
Solar PV plants are growing, while high electricity prices are driving the growth of small-scale rooftop solar panels, which are becoming “more financially attractive”.
The agency expects wind energy production to rebound this year, with growth of 70 percent year-on-year, following two years of slowdown..
According to Agence France-Presse, the increase is mainly due to the completion of projects that have been delayed as a result of Covid restrictions in China and supply chain problems in the United States and Europe..
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