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
BP Lightsource buys more solar projects in Spain
18 June 2021
Purchase of three development projects in Spain follows recent solar expansions in Portugal and Greece
Oil and gas firms need scale to win over transition doubters
17 June 2021
Lower rates of return and competition for assets pose challenges as producers and traders seek to scale up in renewables
World must use less energy – Dudley
17 June 2021
Energy consumers must travel less and move to electric vehicles, according to the former BP CEO
Sign Up For Our Newsletter
Project Data
PE Store
Social Links
Social Feeds
Featured Video