Related Articles
Renewables have changed the economics of the power industry
Forward article link
Share PDF with colleagues

Wind and solar approach critical deployment level

As technologies approach milestone, they could scale even faster

Wind and solar are approaching a 10pc share of global electricity production and will likely reach the milestone at some point this year. The technologies reached a 9.4pc share last year, up from 4.65pc in 2015, according to data from UK based thinktank Ember. The 10pc milestone matters because, in the history of new technology adoption, the 5-10pc market share level is a reliable takeoff point for further market integration. 10pc – Share of US households with a car in 1915 It is traditionally difficult for any new product to dislodge incumbents and gain 1-3pc share in any market. But attaining market share levels above 5pc often indicate further gains, because it indicates t



{{ error }}
{{ comment.comment.Name }} • {{ comment.timeAgo }}
{{ comment.comment.Text }}
Also in this section
ExxonMobil LNG announces 2021 Power Play winners
24 September 2021
Four remarkable professionals recognised across different categories that celebrate advances in diversity and equality and accomplishments in the LNG value chain
UK sets out plans for hydrogen
23 September 2021
Publication of the UK’s Hydrogen Strategy is a welcome step forward, but the sector is still nascent and more detail is required
China wind power set for rapid growth and plunging costs – Wood Mackenzie
22 September 2021
Onshore wind costs expected to drop by 46pc by 2030 as state policies drive sustained capacity growth, consultancy says
Sign Up For Our Newsletter
Project Data
PE Store
Social Links
Social Feeds
Featured Video