Paris, France — ESI-AFRICA.COM — 22 July 2011 – Renewable energy continued its global surge in 2010, accounting for about half of the 194 gigawatts of new installed capacity, according to the REN21 Renewables 2011 Global Status Report.
“The global performance of renewable energy, despite headwinds, has been a positive constant in turbulent times”, said Mohamed El-Ashry, chairman of REN21’s steering committee. “Today, more people than ever before derive energy from renewables as capacity continues to grow, prices continue to fall, and shares of global energy from renewable energy continue to increase.”
Renewable Energy World reports that in 2010, renewable energy supplied an estimated 16% of global final energy consumption and delivered close to 20%of global electricity production. Still led by hydropower, renewable capacity now comprises about a quarter of total global power-generating capacity.
According to the report, renewable energy policies continue to be the main driver behind renewable energy growth. By early 2011, at least 119 countries had some type of policy target or renewable support policy at the national level, more than doubling from 55 countries in early 2005. More than half of these countries are in the developing world.
Last year, investment reached a record US$211 billion in renewables “’ about one-third more than the US$160 billion invested in 2009, and more than five times the amount invested in 2004.
Money invested in renewable energy companies, and in utility-scale generation and bio-fuel projects increased to US$143 billion, with developing countries surpassing developed economies for the first time, as shown in the GSR’s recently released companion report.
Beyond Asia, significant advances are also seen in many Latin American countries, and at least 20 countries in the Middle East, North Africa and sub-Saharan Africa have active renewable energy markets, the report says.
“The increased renewable energy activity in developing countries highlighted in this year’s report is very encouraging. Renewable energy in even the most remote areas is ensuring that more of the world’s people are gaining access to basic energy services, including lighting and communications, cooking, heating and cooling, and water pumping, while also generating economic growth through services such as motive power.
Global solar PV production and markets more than doubled from 2009 behind strong government incentive programmes and the continued price decrease of PV modules. Germany led all global installations, adding more PV in 2010 than the entire world added in 2009. PV markets in Japan and the U.S. almost doubled relative to 2009.
In 2010, existing solar water and space heating capacity increased by an estimated 25 gigawatts-thermal (GWth), or about 16%. Globally, wind power added the most new capacity, followed by hydropower and solar PV.