COVID-19 has sent investment in the power sector tumbling, with the International Energy Agency (IEA) expecting power sector spending alone to fall by 10% in 2020.
According to new analysis by Carbon Brief, in Q3 this year the UK’s windfarms, solar panels, biomass and hydro plants generated 29.5 terawatt hours (TWh) of power, while coal, gas and oil generated just 29.1TWh.
Outages at two nuclear power plants in Great Britain prevented the country from experiencing a “landmark” quarter for renewables, energy analysis firm EnAppSys has said.
Great Britain is to derive more power from zero carbon sources than fossil fuels in 2019, the first time that would have occurred since the industrial revolution.
Glencore chairman and ex-BP chief executive Tony Hayward has cast doubt over the worldwide energy transition, arguing that the penetration of renewables worldwide is being outpaced by the demand for growth.
