Renewable energy - Key Global Trends and Highlights - Part 13

1. Key Global Trends and
Highlights
Renewable Energy Sector
Funding
Part 13

2. Leading Nations
• China’s new renewable power capacity surpassed new fossil fuel and
nuclear capacity for the first time. Spain became the first country to generate
more electricity from wind power (20.9% of total) than from any other source
for the entire year.
• China was the anchor of renewable capacity deployment, accounting for
almost 40% of the global expansion and over 60% of non-OECD growth, as per
the medium term RE report by IEA. Meanwhile, congressional gridlock
hampered US interests.

3. Leading Nations
• Renewables no longer remained dependent on a handful of countries. The
number of developing nations with policies supporting RE surged from 15
developing countries in 2005 to 95 early 2013.
• Growing numbers of cities, states, and regions sought strong targets to
transition to 100 % renewable energy. For example, Djibouti, Scotland, and
the small-island state of Tuvalu all aim to derive 100 % of their electricity from
renewable sources by 2020.

4. Investment
• Renewable energy provided an estimated 19 % of global final energy
consumption in 2012, with modern renewables accounting for 10 % and the
remaining 9 % coming from traditional biomass.
• Solar power with approximately 53% share, led in terms of investments
during 2013. Even as global investment in solar PV declined nearly 22% yoy,
new capacity installations increased by about 32%. The sharply reduced cost
of solar photovoltaic system meant that the record amount of PV capacity
(some 39GW) was construed for less money than the smaller 2012 total of
31GW.

5. Investment
• Investment in wind was relatively resilient in 2013, falling just 1% to $80
billion, while that in solar tumbled 20%. Biofuels saw a 26% drop in
investment to $5 billion, while biomass and waste-to-energy fell 28% to $8
billion, and small hydro-electric (projects of less than 50MW) declined 16%.
Geothermal was the only riser, investment in it gaining 38% to $2.5 billion

6. THANK YOU
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