IEA Sees China Driving Green Power Growth Through 2017

IEA Sees China Driving Green Power Growth Through 2017
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Πεμ, 5 Ιουλίου 2012 - 17:28
Electricity generated from renewable sources is forecast to grow by an average 5.8% a year from 2011-2017 to reach a total of 6,400 terawatt hours in 2017, the International Energy Agency said in a report published Thursday.
Electricity generated from renewable sources is forecast to grow by an average 5.8% a year from 2011-2017 to reach a total of 6,400 terawatt hours in 2017, the International Energy Agency said in a report published Thursday.

The growth in green power from 2011-2017 is forecast to be almost 60% more than that registered in the previous seven-year period, the IEA said in a report forecasting renewable energy generation and capacity across technologies including wind and solar power, bioenergy and hydropower.

China is expected to account for 40% of the global renewable electricity capacity added over 2011-2017, driven by ambitious policy targets, surging power demand and ample finance. China 's growth in adding renewable power capacity is followed by the U.S. , India , Germany and Brazil .

"The outlook stems from the persistence of supportive policy and market frameworks as well as increased economic attractiveness for renewable technologies in an increasing range of countries and circumstances," the IEA said.

However, key challenges in meeting the growth forecasts include cost reductions in greener technologies, electricity grid and system integration, the cost and availability of finance and policy uncertainties in some countries, the report said.

"Increased macroeconomic risk and tighter bank capital requirements amid uncertainty about policy support in some areas could constrain funds from traditional sources--European bank project financing and utility balance sheet investment," the IEA said.

Last year, global power generation from renewables was 4,540 terawatts hours, 5.8% higher than in 2010.

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