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Frost & Sullivan, an international market research firm, said in a new report that global capital-to-electricity investment, driven largely by renewables, will reach $2.
2 trillion
between 2017 and 2021.
According to the report, solar and wind investment will lead the global power investment market
.
It is expected that by 2021, investment in solar energy will reach $603.
4 billion and investment in wind power generation will reach $553.
7 billion.
In terms of average inputs, the average annual input to increase power generation is expected to reach $400 billion
from 2017 to 2021.
Notably, as costs continue to fall, solar will become the fourth largest source of power generation by 2021 after coal, natural gas and hydropower
.
In 2018, the global installed capacity of renewable energy is expected to increase by 9.
7%, of which the new solar capacity is expected to exceed 100 GW
.
Specifically, wind capacity is expected to add 59 GW
this year, driven by falling costs.
Coal power generation will continue to grow, with an expected edge of 0.
8 percent, even as many countries around the world cut or even shut down coal-fired power plants
.
Natural gas will also continue to grow by 1.
7%
due to falling costs.
In 2018, global investment in hydropower and biomass is expected to stabilize at $77.
06 billion and $23.
3 billion.
Meanwhile, nuclear power, which has been heavily boosted by China, Europe and the Middle East in the post-Fukushima era, is expected to see US$25.
7 billion in investment in 2018 and will recover
during the forecast period.
Frost & Sullivan, an international market research firm, said in a new report that global capital-to-electricity investment, driven largely by renewables, will reach $2.
2 trillion
between 2017 and 2021.
According to the report, solar and wind investment will lead the global power investment market
.
It is expected that by 2021, investment in solar energy will reach $603.
4 billion and investment in wind power generation will reach $553.
7 billion.
In terms of average inputs, the average annual input to increase power generation is expected to reach $400 billion
from 2017 to 2021.
Notably, as costs continue to fall, solar will become the fourth largest source of power generation by 2021 after coal, natural gas and hydropower
.
In 2018, the global installed capacity of renewable energy is expected to increase by 9.
7%, of which the new solar capacity is expected to exceed 100 GW
.
Specifically, wind capacity is expected to add 59 GW
this year, driven by falling costs.
Coal power generation will continue to grow, with an expected edge of 0.
8 percent, even as many countries around the world cut or even shut down coal-fired power plants
.
Natural gas will also continue to grow by 1.
7%
due to falling costs.
In 2018, global investment in hydropower and biomass is expected to stabilize at $77.
06 billion and $23.
3 billion.
Meanwhile, nuclear power, which has been heavily boosted by China, Europe and the Middle East in the post-Fukushima era, is expected to see US$25.
7 billion in investment in 2018 and will recover
during the forecast period.
