Proof Point
Share of renewable energy to total global power capacity reached 19% in 2017, generating 12.1% of total power
Renewable Energy as Percentage of Global Power
2007 – 2017 (percentage)
| Note: | Figures exclude data from large hydro installations |
Proof Point Findings
- Renewable Energy Capacity – Refers to global installed electricity generation capacity from renewable sources, including solar, wind, biomass, small hydro, biofuels, geothermal and marine, excluding large hydro projects
- Renewable Energy Generation – Pertains to amount of electricity generated globally from renewable sources
- Share of Capacity – Reached 19% in 2017 from just 7.5% in 2007, more than 10% growth in ten years
- Share of Generation – Contributed 12.1% of total power in 2017, more than double share of only 5.2% in 2007
- 2040 Renewable Forecast – Expected by International Energy Agency to make up two-thirds of global power plant investments by 2040
- Utilization Rate and Efficiency – Continues to increase, addressing fluctuating supply from renewable sources, as better management processes are developed and ability to harness energy are improved through technology advancements
- Key Drivers – Include strengthened support from national governments through policies, country targets and tax incentives, significant advancements in energy storage facilities, and increased effort from businesses to reduce carbon footprints by shifting consumption to renewable energy sources
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Accelerator |
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Sector |
Energy
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Source |
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Date Last Updated |
February 19, 2019
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