Seasons Greetings from Renetech

We would like to wish our customers, partners and all visitors to our website relaxing, yet exciting holidays, and the very best for the new year. Thank you for a very interesting 2016 - we cannot wait to dig into the new year, and hope you will share it with us here on the blog and in projects.

IEA World Energy Outlook 2016 predicts 37% market share of renewable power for 2040

If the nations which have ratified the Paris agreement would stand by their pledges, 37% of global power generation would come from renewables, up from today's 23%. The main scenario of the recently launched World Energy Outlook by the International Energy Agency predicts nearly 60% of all new power generation capacity to 2040 to come from additional renewable energy. By the same date, the majority of renewables-based generation is said to be competitive without any subsidies. However, the pledges under the Paris agreement for the energy sector are a far cry from what is required to achieve the 2°C target.