UK Solar PV from Powersun
A new report from McKinsey Global predicts that renewables could provide as much as 36% of global energy by 2035, up from the current 4%.

The executive summary states:-

“Since 2001, total solar generation worldwide has grown by 50 percent annually, while wind power generation has been growing at an annual rate of 24 percent.  Costs have been falling sharply with widespread deployment of the technology; new solar power plants being contracted today are being bid at below $0.03 per kilowatt hour (kWh)—about one-tenth of the cost of solar plants just six years ago. If that trend continues at the current pace, solar and wind energy could be competitive by 2025, without subsidies, with the marginal cost of thermal coal or natural gas generation in most regions globally. Renewables could grow from 4 percent of power generation today to as much as 36 percent of global electricity supply”

If you’re interested in the remarkable global progress of renewables, download the summary here.

If you would like to download the full report please enter your name and email address below.

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