New Chinese solar projects and an international interest in electricity grid stability are helping to make renewables the bigger, better option for power generation. A report from the United Nations has found that solar power alone was responsible for 98 gigawatts of new power capacity worldwide last year, compared to 70 gigawatts created by fossil fuels in the same period. When combined with other sources such as wind, bio-fuels and geothermal energy renewable sources accounts for 157 gigawatts of new capacity, an increase of 124% over fossil fuels including coal and gas. At Planet Ark we saw our for-profit partner Planet Ark Power experience a stellar first year in 2017, winning contracts in South Australia and Queensland at distribution centres, motor dealerships and sporting facilities all looking for affordable, sustainable power.
It will take time before renewables completely overtake fossil fuels but we look forward to seeing the overall power mix turn to greener options. For more details check out Econews.

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Positive Environment News has been compiled using publicly available information. Planet Ark does not take responsibility for the accuracy of the original information and encourages readers to check the references before using this information for their own purposes.