On January 16th, the International Energy Agency (IEA) predicted that renewable energy will surpass coal as the world's largest source of electricity by early 2025.
This prediction marks an important step in the global energy transition. The rise of renewable energy, especially wind and solar energy, has caused significant changes on a global scale. In the past few years, the cost of renewable energy has been continuously decreasing, and the technology has matured, gradually enhancing its competitiveness in the global electricity market.
According to data from the International Energy Agency (IEA), global renewable energy generation capacity is expected to grow by nearly 50% by 2025, reaching nearly 1 billion kilowatts. Among them, wind and solar energy will dominate, accounting for 29% and 26% of global renewable energy generation, respectively. However, coal-fired power generation will decrease to 25%, losing its long-standing dominant position in the global electricity market.
The latest report from the International Energy Agency shows that from 2023 to 2028, global renewable energy generation capacity is expected to grow to 7300 gigawatts, with solar photovoltaic and wind energy accounting for 95% of the new capacity. By early 2025, coal will become the largest source of electricity. The IEA points out that the global renewable energy generation capacity will increase by 50% in 2023, and the next five years will usher in the maximum growth period. Despite the optimistic report, the IEA emphasizes that more efforts are needed to achieve the goal of triple installed capacity by 2030. The report covers renewable energy sources such as large-scale solar photovoltaic systems, hydropower, onshore and offshore wind power. IEA Executive Director Birol stated that onshore wind and solar photovoltaic costs are lower than new fossil fuel power plants, and financing and deploying renewable energy in emerging and developing countries are the main challenges.
Now at a critical period of global energy transformation, Beijing MULTIFIT, as an important part of the photovoltaic industry, actively assumes social responsibility, adheres to the concept of sustainable development, integrates green and low-carbon concepts into the entire product lifecycle, and continuously practices the company's mission of "efficient energy conservation, allowing more people to enjoy green and clean energy" to achieve sustainable innovation of abundant green energy. Based on the photovoltaic industry, the company strives to, To become a respected first-class photovoltaic power generation enterprise.
Post time: Jan-26-2024