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Renewable energy sector performs well despite recession

Outflow at the
hydropower plant at
the Hoover Dam in
the United States
Washington D.C., United States — ESI-AFRICA.COM — 10 August 2011 – The newly released REN21 Renewables 2011 Global Status Report shows that the renewable energy sector, including hydropower, continues to perform well despite continuing economic recession, incentive cuts and low natural gas prices.

HydroWorld Weekly reports that the report “’ authored by Worldwatch Institute senior fellow Janet Sawin, in collaboration with a global network of research partners “’ shows that in 2010 renewable energy supplied an estimated 16% of global final energy consumption, and delivered close to 20% of global electricity production. It adds that renewable capacity, including hydropower, now comprises about a quarter of total global power-generating capacity.

The report also pointed out that, including large and small hydropower (which had an estimated 30,000MW added in 2010), renewable energy accounted for approximately 50% of total added power-generating capacity in 2010. Existing solar water and space heating capacity increased last year by an estimated 16%.

The report was commissioned by the Paris-based Renewable Energy Policy Network for the 21st Century, or REN21.