global expansion of RES inkl. org. fuels (2019)
/ Extractivism - Ecuador & Global (Crude Oil & Mining)
# Tabelle III.2.1
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The only minor expansion of photovoltaics at the beginning of the decade more than quadrupled, while after an initially stronger growth in wind energy expansion, this was compensated by a decline again. Nevertheless, a slight blossoming in the wind energy sector can be expected when major investors such as state energy suppliers restructure their fossil energy parks into mega offshore wind farms. This has already been indicated by Bloomberg's investment figures for 2018 - 2019. By contrast, large hydropower plants, ocean energy as well as solar and geothermal energy will remain in their niches because project risks, project time, raw material prices and market maturity can hardly keep up with PVA and WTGs. For biofuels, a change for ethanol and organic diesel is hardly to be expected. Their enormous land consumption has already reached its ecological limit and their ecological reputation has explicitly faded away in the EU states. All these characteristics show the growing redistribution of annual investments towards renewables. Up to now, substitution efforts by end consumers have been the main focus, while since 2015 investment has increasingly been flowing from the capital market into expansion, explicitly from large-scale projects, e.g. for GigaWatt PV parks and offshore wind. This indicates that investments in EEA are now strongly and directly market-driven and no longer need to be subsidised. The progressive cost reduction of an average of 12 %/a leads to a further increase in both generated electricity and installed capacity, even with the same investment sum. The own generation of households and SMEs is only partially recorded (Behind the Meter); the deconstruction of EEA is also only marginally recorded (IRENA). Nevertheless, 33% of electricity has so far been generated by renewables. From 2020 it is foreseeable that the production of organic diesel, especially from rapeseed and palm oil, will decline if synthetic fuels and gases from EEA PtG and GtL plants increase exponentially, while the exponential trend in photovoltaics will continue. In the course of this development, the classification into synthetic fuel and offshore plants would then have to be adjusted. CC-BY-NC-SA 4.0,, Stefan Golla Translated with