Archive for december, 2016

Seasons Greetings from Renetech

december 22, 2016  |   Blog   |  

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

december 01, 2016  |   Blog   |  

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.