Siemens Gamesa’s 21MW prototype, Ørsted’s CEO on China’s subsidy cuts and wake effects.

Renewable Energy Bites

Siemens Gamesa’s 21MW prototype, Ørsted’s CEO on China’s subsidy cuts and wake effects.

Renewable Energy’s Rise: How Solar and Wind Power are Transforming the Global Energy Landscape

Solar power has grown 20% in the last year, with over 100 gigawatts (GW) of new capacity added globally, while wind power has seen a 12% increase, with 15 GW of new capacity brought online. These numbers represent a significant shift towards a cleaner, more sustainable energy future.

### The Solar Surge

Solar power has emerged as a leading source of new capacity, with 2018 seeing a record 24 GW of new installations. This growth is driven by declining costs, improved technology, and government incentives. In fact, the cost of solar energy has fallen by 70% over the past decade, making it more competitive with fossil fuels.

### Wind Power’s Resurgence

Wind energy is also experiencing a resurgence, with 15 GW of new capacity added in 2018. Offshore wind farms are becoming increasingly popular, with the largest offshore wind farm in the world, the Walney Extension, coming online in 2018. This 659-megawatt (MW) facility is located off the coast of the UK and can power over 600,000 homes.

### The Global Energy Transition

The shift towards renewable energy is happening rapidly, with solar and wind power now accounting for over 30% of global electricity generation. This transformation is driven by government policies, declining costs, and increasingly stringent environmental regulations. As a result, the energy landscape is changing, with traditional fossil fuels facing increasing competition.

### Challenges and Opportunities

While the rise of solar and wind power presents significant opportunities, it also poses challenges. Integrating these intermittent energy sources into the grid requires advanced technologies and infrastructure. Additionally, the supply chain for these renewable energy technologies must be scaled up to meet growing demand. However, these challenges are being addressed through innovative solutions, such as energy storage and smart grids, which enable the efficient and reliable integration of renewable energy.

### A Sustainable Future

The rise of solar and wind power is a critical step towards a sustainable energy future. As the world transitions to a low-carbon economy, the benefits will be far-reaching, from reduced greenhouse gas emissions to improved public health and economic growth. As the energy landscape continues to evolve, it is clear that solar and wind power will play a leading role in this transformation.