

Europe leads renewables boom
May 10, 2024
Europe leads the renewables boom with wind and solar as fastest growing sources. Discussion on growth continuing, challenges like curtailments and public acceptance. Negative prices spur innovation in storage. Chapters explore solar adoption globally and storage solutions in renewable energy.
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Renewables Growth Outpacing Demand
- Solar and wind power are growing faster than global power demand, impacting coal and gas generation.
- This growth is expected to continue in 2024, driven by increased solar capacity and rebounding wind and hydro generation.
Europe's Leading Role in Renewables
- Europe leads the global trend in renewable energy adoption with falling gas and coal generation.
- Wind power generation in Europe has surpassed gas generation, marking a significant shift in energy sources.
Offshore Wind Challenges and Policy Response
- The offshore wind industry is experiencing headwinds like failed auctions and supply chain issues.
- Policymakers are increasingly accepting the need to pay for the transition to renewables.