One-third of the world’s installed electricity generation capacity is from renewable sources, according to the latest industry statistics.

The data compiled by the International Renewable Energy Agency (IRENA) shows that two-thirds of the power capacity added around the world in 2018 was from renewables. Wind and solar accounted for 84% of that total.

2018 was characterized by a spate of solar and wind pricing breakthroughs. Falling interest rates for investors, ongoing technology improvements and regulatory frameworks that encourage competition among would-be developers have all played a part.

One-Third Of World’s Power Plant Capacity Is Now Renewable | Devamı>>>

The amount of future new wind capacity in Europe financed last year rose to a record high, industry group WindEurope said on Thursday, as falling costs and increased competition made it possible for investors to fund more for less cash.

In total, 16.7 gigawatts (GW) of projects reached a final investment decision – 12.5 GW onshore and 4.2 GW offshore – 45 percent more than in 2017, WindEurope said in its annual report.

Funding for the new investments rose to 26.7 billion euros ($30.3 billion).

Record Amount of New Wind Capacity Financed in Europe Last Year | Devamı>>>

Onshore and offshore wind farms in Germany generated almost 15 terrawatt-hours of electricity in December, according to the energy and water industry trade association BDEW.

The association said a total of 14.83 billion kilowatt-hours was produced by wind power in the last month of the year.

This would be enough to cover the electricity consumption of Berlin or Schleswig-Holstein for one year, it said.

However, in reality there is a lack of energy storage facilities to use volatile renewable power as needed, BDEW added.

German Wind ‘Close to 15TWh in December’ | Devamı>>>

According to the news of Polaris Firepower Network News, it was learned from the National Energy Labor Conference that the clean energy industry grew steadily in 2018. National renewable energy installed capacity, hydroelectricity, wind energy and photovoltaic energy production exceeded 700 million kilowatts.

In 2018, the newly added clean energy area in the northern region is estimated to be approximately 1.55 billion square meters and the clean heating rate will reach to 46%.

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