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Renewable Energy Revolution: Declining Costs, Surging Capacity

Renewable Energy Revolution: Declining Costs, Surging Capacity | Social Mercor | Scoop.it

The renewable energy revolution is under way. Renewable power generation now accounts for around 50% of all new power generation capacity installed worldwide.


The combination of rapid deployment and high learning rates for technology “has produced a virtuous circle that is leading to significant cost declines and is helping fuel a renewable revolution,” according to a new global study of renewable power generation costs in 2012 produced by IRENA, the International Renewable Energy Agency, which announced it isestablishing its global headquarters in the United Arab Emirates during last week’s Abu Dhabi Sustainability Week.

 

Additions to global wind power generation capacity totalled 41 gigawatts (GW) in 2011, according to IRENA’s “Renewable Power Generation Costs in 2012: An Overview.” That’s in addition to 30 GW of new solar photovoltaic (PV) electricity generation capacity, 25 GW of hydro power, 6 GW of biomass, 0.5 GW of concentrated solar power (CSP), and 0.1 GW of new geothermal power capacity.


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ecOiko's curator insight, January 28, 2013 6:21 PM
Renewable energy revolution worldwide news, and in Cyprus our renewable energy production in 2012 increased by 24%. We have some fantastic renewable energy companies who can be found on www.ecoiko.eu
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INFOGRAPHIC: Turning Your Supply Chain into a Supply Circle

INFOGRAPHIC: Turning Your Supply Chain into a Supply Circle | Social Mercor | Scoop.it

By improving resource productivity and using less for each unit of output, manufacturers can improve value, cut costs and reduce their exposure to volatile commodity prices. McKinsey & Company shows how new business models that transform the supply chain into a “supply circle” can significantly improve efficiency and profits...


(view the complete infographic at the article link)


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