Renewable Energy: Future Trends

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Renewable Energy: Future Trends Renewable Energy: Future Trends CONTENTS RESEARCH & KNOWLEDGE1. Key highlights MANAGEMENT 3 2. Global wind power 5 3. Wind power in Kazakhstan 11 4. Global solar power 16 5. Solar power in Kazakhstan 20 6. Conclusion 22 Renewable Energy: Future Trends SEPTEMBER2 2017 1 REFER TO DISCLAIMER & DISCLOSURES AT THE END OF THIS PUBLICATION Renewable Energy: Future Trends Renewable Energy: Future Trends CONTENTS Renewable Energy: Future Trends Renewable Energy: Future Trends 1. Key highlights 3 Key highlights CONTENTS CONTENTS • Additions of renewable power capacities set new records in 2016, growing by 9% YoY vs. 2015 2. Global wind power 5 with installations of 161 gigawatts (GW). Solar photovoltaic (PV) capacity grew the most (47% 1. Key highlights 3 1. Key highlights of total growth in renewables) 3 followed by wind power (34% of total) and hydropower (15.5% of 3. Wind power in Kazakhstan 11 total). Investments in new renewable power capacity amounted to USD250mln, approximately 2. Global wind power 5 2. Global wind power double the investment in fossil5 fuel generating capacity. 4. Global solar power 16 3. Wind power in Kazakhstan 11 3. Wind power in Kazakhstan Global 11renewable energy capacity, GW (2010-2016) 5. Solar power in Kazakhstan 20 2,500 4. Global solar power 16 4. Global solar power 16 6. Conclusion 22 2,000 5. Solar power in Kazakhstan 20 5. Solar power in Kazakhstan 20 1,500 6. Conclusion 22 6. Conclusion 22 1,000 500 0 2010 2011 2012 2013 2014 2015 2016 Hydropower Wind Solar Bioenergy Geothermal Marine Source: Renewables 2017 Global Status Report, Samruk Kazyna • Wind and solar power are fastest growing sources of electricity globally. Since 2008, wind power deployment has tripled, approaching 487GW of cumulative installed capacities, led by China (168.7GW), the US (82.1GW) and Germany (49.5GW). Over the past decade, global solar photovoltaic (PV) capacity increased by more than 45 times to 303GW as at end-2016. Global wind and solar PV capacity, GW (2004-2016) 500 450 400 350 300 250 200 150 100 50 0 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 Wind Solar PV Source: Renewables 2017 Global Status Report, Samruk Kazyna • Investments into R&D and application of new technologies have boosted efficiency and 2 productivity, lowering the cost of renewable energy. Average cost of solar PV has decreased REFER TO DISCLAIMER & DISCLOSURES AT THE END OF THIS PUBLICATION by more than 60% between 2010 and 2016, while costs for solar thermal and both offshore and onshore wind energy have decreased by 10%-20%. Costs of other forms of renewable energy, 2 2 3 2 REFER TO DISCLAIMER & DISCLOSURES AT THE END OF THIS PUBLICATION REFER TO DISCLAIMER & DISCLOSURES AT THE END OF THIS PUBLICATION Renewable Energy: Future Trends Renewable Energy: Future Trends CONTENTS RenewableRenewable Energy:Energy: FutureFuture TrendsTrends 1. Key highlights 3 Key highlights CONTENTS CONTENTS• Additions of renewable power capacities set new records in 2016, growing by 9% YoY vs. 2015 2. Global wind power 5 with installations of 161 gigawatts (GW). Solar photovoltaic (PV) capacity grew the most (47% 1. Key highlights 3 1. Key highlightsof total growth in renewables) followed by wind power (34% of total) and hydropower (15.5%3 of 3. Wind power in Kazakhstan 11 total). Investments in new renewable power capacity amounted to USD250mln, approximately 2. Global wind power 5 2. Globaldouble wind powerthe investment in fossil fuel generating capacity. 5 4. Global solar power 16 3. Wind power in Kazakhstan 11 3. Wind power in KazakhstanGlobal renewable energy capacity, GW (2010 -2016) 11 5. Solar power in Kazakhstan 20 2,500 4. Global solar power 16 4. Global solar power 16 6. Conclusion 22 2,000 5. Solar power in Kazakhstan 20 5. Solar power in Kazakhstan 20 1,500 6. Conclusion 22 6. Conclusion 22 1,000 500 0 2010 2011 2012 2013 2014 2015 2016 Hydropower Wind Solar Bioenergy Geothermal Marine Source: Renewables 2017 Global Status Report, Samruk Kazyna • Wind and solar power are fastest growing sources of electricity globally. Since 2008, wind power deployment has tripled, approaching 487GW of cumulative installed capacities, led by China (168.7GW), the US (82.1GW) and Germany (49.5GW). Over the past decade, global solar photovoltaic (PV) capacity increased by more than 45 times to 303GW as at end-2016. Global wind and solar PV capacity, GW (2004-2016) 500 450 400 350 300 250 200 150 100 50 0 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 Wind Solar PV Source: Renewables 2017 Global Status Report, Samruk Kazyna • Investments into R&D and application of new technologies have boosted efficiency and 2 productivity, lowering the cost of renewable energy. Average cost of solar PV has decreased REFER TO DISCLAIMER & DISCLOSURES AT THE END OF THIS PUBLICATION by more than 60% between 2010 and 2016, while costs for solar thermal and both offshore and onshore wind energy have decreased by 10%-20%. Costs of other forms of renewable energy, 2 2 3 REFER TO DISCLAIMER & DISCLOSURES AT THE END OF THIS PUBLICATION 3 REFER TO DISCLAIMER & DISCLOSURES AT THE END OF THIS PUBLICATION Renewable Energy: Future Trends Renewable Energy: Future Trends Renewable Energy: Future Trends biomass, geothermal and hydropower has risen marginally, nevertheless, all renewables 1. Global wind power remain cost-competitive compared to traditional forms of electricityCONTENTS generation. Technological Additions in the global wind power sector decreased slightly to 55 GW in 2016 vs. 63 GW in 2015. maturity and lower costs make wind and solar power increasingly attractive options for policy Consequently, global power generating capacity reached 487 GW. China again led in new installations, makers seeking to meet energy policy objectives, such as1 improving. Key highlights energy security by despite a significant decline in the3 country’s annual market. Asia represented almost half of added diversifying supply, reducing local pollution and reducing CO2 emissions. capacity, with Europe and North America accounting for most of the rest 2. Global wind power 5 • Costs of some renewable technologies are coming down quickly. Innovations in solar PV Global wind power capacity, GW (2005-2016) manufacturing and installation, improvements in wind turbine3. Windmaterials power and in Kazakhstandesigns, and 600 11 advances in thermal energy storage for CSP have contributed to overall cost reductions. In 500 55 many countries, renewables are now cost-competitive with new4. fossil Global fuel solar and powernuclear sources. 16 63 400 52 Global indicative generation costs for new plants5., SolarUSD perpower kWh in Kazakhstan 20 36 300 45 0.40 41 0.35 6. Conclusion 22 39 435 200 38 372 0.30 27 284 320 20 239 0.25 100 12 15 198 159 0.20 94 121 47 59 74 0.15 0 0.10 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 0.05 Source: Renewables 2017 Global Status Report, Samruk Kazyna 0.00 The industry continued to expand in 2016, while technology innovation improved cost-competitiveness Solar PV Biomass of wind power projects vs. low-cost natural gas and from solar PV projects. New markets continued to Geothermal Hydropower open around the world, more than 90 countries are active in developing wind power projects. Offshore Solar Thermal Onshore Wind 2010 2016 Offshore Wind wind saw the first commercial projects come online in the South Korea and the US, and substantial new Source: International Renewable Energy Agency, Samruk-Kazyna capacity was added in Germany, the Netherlands and China. At least 24 countries met 5% or more of their annual electricity demand with wind power in 2016, and at least 13 met more than 10%. • Onshore wind is now one of the most competitive sources of electricity available especially in higher-priced coal and gas markets. However, in some countries, onshore wind has not yet Global wind power capacity and additions by country, GW (2016) achieved widespread competitiveness versus fossil fuels, particularly in low-priced gas 180 23.4 markets, such as the US. Wind energy can also be competitive where wind resources are strong 160 140 and financing conditions are favorable, but still requires support in most countries. 120 100 8.2 • Although global investment in new renewable power and fuel capacity was approximately 80 60 5 double that in fossil fuels, investments in new renewable energy installations (not including 40 3.6 0 0.7 1.6 0.7 2 0.3 hydropower larger than 50 MW) were down by 23% vs. 2015. Renewable energy investment 20 0 fell by 30% to USD116.6bln in developing countries and by 14% to USD125bln in developed US UK Italy India Spain Brazil countries. The overall lower level of investment in 2016 was due largely to the slowdown in the China France Canada Chinese and Japanese markets and in other emerging economies, notably India and South Germany Africa. 2015 Added in 2016 Source: Renewables 2017 Global Status Report, Samruk Kazyna • Renewable sources such as wind and solar currently contribute less than 1% of Kazakhstan’s energy mix. Wind and solar power provided for approximately 0.4% of electricity generation in By far, Asia was the largest regional market. China added 23.4 GW in 2016, consequently, total installed 2016. However, total production by renewable energy facilities reached 360 MW, up by 105% capacity reached 169 GW, and accounted for one-third of total global capacity by end-2016. However, YoY vs. 2015, including 274 MW from wind and 86 MW from solar plants. new installations were down by 24% vs. 2015. 4 2 5 4 REFER TO DISCLAIMER & DISCLOSURES AT THE END OF THIS PUBLICATION Renewable Energy: Future Trends RenewableRenewable Energy:Energy: FutureFuture TrendsTrends biomass, geothermal and hydropower has risen marginally, nevertheless, all renewables 1.
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