The Rise Of Clean Energy During The Pandemic

2021-01-31   |   by CusiGO

This week, Spain held its first new phase of renewable energy auction, which is expected to be the final stage in achieving the goal of decarbonization. They see this as the key to the effort pursued by the national integrated energy and climate plan. Many articles have been written about the auction, highlighting the expected impact on the economy and employment, the disruption of speculation and the influx of investors, including large power companies and interested new players who were ignored in the former model. As required by sectoral partnerships, there may now be a need to make progress in project differentiation, with no competition between different technologies and no competition for reserves of small and innovative projects, thus complementing the energy model with an ideal and appropriate renewable mix. Welcome.

At the same time, the World Economic Forum (telematics) was held in Davos to review developments in key areas. Although the past year is basically to forget the epidemic, in the field of energy, it has left some milestones, which mark a decisive trend: fossil fuels falter when energy demand collapses, while renewable energy reaches a new height; The electric vehicle market grew by one third, and the investment in energy transformation exceeded US $5 trillion, up 9% year on year.

According to the International Energy Agency (IEA), on the first point, although global energy demand fell by 5% due to the crisis, renewable energy power generation increased by 7%, and solar and wind power generation facilities exceeded 200 gigawatts (GW) for the first time, This highlights the worst year for the oil and gas industry. This is reflected in the fact that it has increased the volatility of the sector’s stocks by increasing economic risk. This led to asset depreciation and industry bankruptcy. As a result, it is difficult for the traditional energy sector to retain investors, while clean energy companies have become new giants, and the market value of the four major renewable energy companies (NextEra, Enel, Iberdrola and Orsted) exceeds that of oil companies.

In addition, wind and solar energy have become the cheapest sources of new energy in countries with three-quarters of the world’s population. According to the statistics of bloggernef, this year’s investment in energy transformation has resisted the impact of the epidemic, reaching US $501.3 billion (about 414 billion euros) by 2020, an increase of 9% over 2019. Europe will generate 2.9 gigawatts of electricity in 2020, which is four times that of 2019, far more than Germany and Italy, with 297 gigawatts and 285 gigawatts, respectively. Renewable energy attracted us $303.5 billion (250 billion euros), driven by a record solar facility and a growing portfolio of offshore wind projects.

In addition, the capacity growth rate is the fastest since 2016, with solar and wind power generation facilities growing from 179 GW in 2019 to 203 GW, setting a world record. Solar photovoltaic power generation accounted for 132 gigawatts of this deployment, with roof solar energy growing fastest. The same is true with the development of batteries, which are already very cheap.

On the other hand, by 2020, the global sales of electric vehicles will reach 2.8 million, up 33% year on year. Nearly half of the sales come from China, with 1.3 million units. Europe grew 114% to 1.2 million units. The U.S. market has been recovering after the economic recession, although it still lags far behind China and Europe in 348000 units. By the end of 2020, there will be 10 million electric vehicles and 1.7 million public charging points in the world.

Investment in electric vehicles and charging infrastructure set a new record, with a global growth of 28%. Electrified transport is the second largest sector of energy transformation, attracting 115 billion euros. As sales grew, investors turned to electric car companies such as Tesla, which ranks sixth in the S & P 500 index, surpassing the market value of the largest car companies.

In fact, auto employer anfac has proposed 16 measures to promote the deployment of public access charging infrastructure in Spain. At present, it has less than 8500 network access points. It believes that Spain ranks first in Europe, 10 percentage points lower than the average level of the European Union. Therefore, the association, presided over by Jose Vicente Delos mozos, calls for “concerted and decisive action by the entire EV ecosystem and public authorities.”.