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Charley Rattan's picture
World Hydrogen Leader , Charley Rattan Associates

UK based offshore wind & hydrogen corporate advisor and trainer; Faculty member World Hydrogen Leaders. Delivering global hydrogen and offshore wind corporate investment advice, business...

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  • Nov 10, 2020
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Renewables progresses

The IEA report published on Tuesday says almost 90% of new electricity generation in 2020 will be renewable, with just 10% powered by gas and coal. The trend puts green electricity on track to become the largest power source in 2025, displacing coal, which has dominated for the past 50 years.

 

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Matt Chester's picture
Matt Chester on Nov 10, 2020

“Renewable power is defying the difficulties caused by the pandemic, showing robust growth while others fuels struggle,” said Fatih Birol, the IEA’s executive director. “The resilience and positive prospects of the sector are clearly reflected by continued strong appetite from investors.” 

This really is huge news-- the worry in the Spring was that the uncertainty that laid ahead would be disastrous for renewables, but to see this is so encouraging. And it's not just that renewable generation grew, but that active installation hit record growth amid economic turmoil-- that's a sign of investor confidence indeed

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Thank Charley for the Post!
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