Europe set for 50 TWh solar power boom in 2024

Solar photovoltaic (PV) energy in Europe projected to spike by 50 TWh in 2024, surpassing other generation sources.

Despite a record-breaking 60 gigawatts direct current (GWDC) of solar PV capacity expansion in 2023, solar power generation in Europe saw a modest increase of about 20%. This year, however, will be another story.

Rystad Energy forecasts solar photovoltaic (PV) energy will spike by about 50 terawatt-hours (TWh) in 2024 – growing for the first time more than any other generation source – due to major capacity installations across the region, with Germany leading the way. Wind power generation is also expected to increase in 2024. However, the growth rate will not match the last one seen in 2023, when wind energy output increased by 50 TWh thanks to additional capacity installations and a windier year, particularly in the last quarter.

Click here to read the full article
Source: OilPrice

—

If you have any questions or thoughts about the topic, feel free to contact us here or leave a comment below.

/0 Comments/by
You might also like
Solar panels provide more than electricity to Indigenous people, with renewable energy now reaching most villages in Brazil's Xingu territorySolar power to the people: how the sun is bringing light – and TV – to Amazon villages
Elected officials and school leaders in Alameda County are calling on the state to block a controversial proposal that could prevent California schools from embracing solar power.Leaders call on California to block controversial solar power proposal
A new Credit Suisse report suggests that from 2025 - 2032, the US could see solar & wind power purchase agreements signed for under $0.01/kWhCould US solar electricity reach $0/kWh?
Two weeks after Hurricane Helene, volunteers are providing solar power to hard-hit areas in NC, helping those affected by the storm.Volunteers bring solar power to North Carolina communities still lacking electricity after Hurricane Helene
The Inflation Reduction Act would avoid 24 tons of climate emissions for every new ton it creates.How the Senate’s big climate bill eliminates 4 billion tons of emissions
The world’s biggest solar plant has come online in China, capable of powering a small country with its annual capacity of more than 6B KWh.World’s biggest solar farm goes online, big enough to power a country
0 replies

Leave a Reply

Want to join the discussion?
Feel free to contribute!

Leave a Reply

Your email address will not be published. Required fields are marked *