The numbers are simply stunning, but they add up to the Golden Age of Renewable Energy.
One-half of the 208,000 megawatts of new generating capacity built in the world during 2011 were renewable energy power plants. Wow!
In the USA, renewables accounted for 39% of all generation capacity added during 2011.
The world now has 1,360,000 megawatts of renewable energy generation. That is more electric generation capacity than the total generating capacity of all types in the USA.
Global 2011 renewables investment reached $257 billion, with solar exploding to $147 billion. The USA saw $51 billion invested in renewables last year.
Solar and wind prices fell 50% and 10% respectively around the world, as economies of scale and technical improvements make these power sources cheaper with the passing of each year.
These and many, many more numbers are in the Renewables 2012 Global Status Report that is compiled REN21. For the Report, go to: .ren21.net/default.aspx?tabid=5434. A summary of the report can be found at: esciencenews.com/articles/2012/06/11/global.investment.renewable.energy.powers.record.257.billion.
I urge a review of the report and then ask yourself, do you agree with Mr. Fanning's view (CEO of Southern Company) that renewables are a niche play?
The Golden Age of Renewables is underway and will coincide with the natural gas booms.