Energy consultancy firm highlights boost to global renewables capacity
A report released in April has revealed that nearly half of new electricity generation is from renewable sources.
According to Global Trends in Renewable Energy Investment 2014, renewables (excluding large hydro) accounted for 43.6% of newly installed generation capacity in 2013. This represents an estimated global saving of 1.2 gigatonnes of CO2.
This increase was in spite of a 14% drop in renewable investment, which the report partly attributes to the falling costs of solar photovoltaic systems. At Concept Energy Solutions, as specialists in energy assessments, we are pleased to see this shift in energy production and we anticipate further growth as energy prices continue to rise.
Concept Energy is a carbon consultancy and Peter Stockwell, one of our directors, says: “As an energy management expert, we have seen the growing understanding that renewable technologies are a sensible investment – with both short-term and long-term gains.”
He adds: “We expect to see more and more businesses access the cost-saving and carbon reduction benefits of renewables and other energy-efficient upgrades, especially in light of the falling costs of these technologies.”