Statkraft’s Post

🌍🌞 The Green Transition Scenarios 2024 report from Statkraft paints a bold picture for renewable energy, forecasting that solar and wind could supply over half of global power by 2035 and up to 68% by 2050. Imagine a world where these renewable giants become the bedrock of energy, quadrupling in output by 2030 and surging 1300% by mid-century. This growth is not just a dream; it’s backed by hard facts: onshore wind and solar are becoming more affordable, adaptable, and efficient, overcoming recent hurdles in material costs and supply chains. As costs stabilize and technology advances, the momentum of renewables could reshape the global energy landscape, setting new standards for sustainability and resilience. It’s an inspiring outlook that reminds us of the power of innovation and global commitment to a cleaner, greener world. Let’s harness this potential and work towards making these projections a reality. #GreenTransition #RenewableEnergy #FutureOfEnergy

#Hydropower has a #keyrole on the #GreenTransition towards a #GreenerEnergyMix in 2050. : Sincere congratulations to #Statkraft team for the excellent energy report '' Green Transition Scenarios 2024 '' From the report: #Transforming to more #weatherdependent #energysystems is a #challenge, but it is manageable. It will require the parallel build out of numerous #flexiblesolutions, such as #batteries, #flexiblehydropower, #smart and #flexibledemand and #highinterconnectivity across markets: The #energystorage capabilities from existing #hydropower reservoirs globally are #unique, covering more than 1,500 TWh of #energy today. #Hydropower is a highly valuable #flexibilityprovider and a #goodmatch with more #intermittentrenewablesources. Several #climatefriendly #flexibility solutions currently exist, and a mix of different solutions will be required to secure a #robustpowersystem in the future. A cost-optimal transition involves flexibility provisions from a variety of sources, spanning different timeframes and regions, facilitated by grids and interconnectors. Key solutions include #hydropowerwithreservoirs, #pumpedhydro, #batterystorage, #smartEVcharging, #flexibleelectrolysers, other demand side response measures, and #grids.

NEW WIND INSTALLATIONS HIT A RECORD LAST YEAR New Wind Installations Hit a Record Last Year, Report Says https://hubs.la/Q02t1F4Y0 The global wind industry installed a record 117 gigawatts (GW) of new capacity last year but needs to add triple this amount annually by the end of the decade to meet climate targets, according to an industry report on Tuesday. #globalwind #windindustry #energyindustry #climatetargets #climatechange #renewables #energy

Offshore wind and wave energy have significant potential along the West Coast, an estimated 800 TWh/yr for offshore wind farms and 240 TWh/hr for wave energy. Grid impact modeling shows that deploying both technologies could reduce total installed capacity by 17% by 2050, helping achieve a zero-emissions grid. Read more here: https://heyor.ca/g32dPy

2023 was a record year for wind power growth – in numbers Photo: Strauss Wind The global wind industry installed 117 gigawatts (GW) of new capacity in 2023, making it the best year ever for new wind energy – here’s what happened and where.  The Global Wind Report 2024, newly released by the Global Wind Energy Council representing the entire wind energy sector, found that the 117 GW of installations in 2023 represent https://lnkd.in/getUGZRB

Trends in Wind Power Generation Posted by Peter Matthews via Knowles Capacitors. As a result, global demand for wind power is surging. To keep pace, not only are there more wind turbines being installed onshore and offshore, but the generation capacity of each turbine is also growing substantially. https://lnkd.in/dTrt2kr5

𝗨𝗦 𝘀𝗼𝗹𝗮𝗿 𝗮𝗻𝗱 𝘄𝗶𝗻𝗱 𝗽𝗼𝘄𝗲𝗿 𝗮𝗿𝗲 𝗯𝗼𝗼𝗺𝗶𝗻𝗴! This trend is likely to continue as solar and wind become increasingly cost-competitive. #renewableenergy #sustainability https://lnkd.in/gHANTCsh

Today's policy announcement scrapping the ban on onshore wind power is a positive step forward for enabling the decarbonisation of our energy grid. It means that planning applications for new wind developments can be assessed on their merits, the same as any other energy infrastructure, and will no longer have additional hurdles to jump. https://lnkd.in/eDHjrThb #renewables #renewableenergy #windpower #onshorewind #planningpolicy

Dive into the future of wind energy in our latest blog post:

1) Solar installations generated nearly 240,000 GWh across the U.S. in 2023, up 8X compared to 2014. 2) Wind generation hit about 425,000 GWh (double that of solar) across the US in 2023, double that of a decade ago. 3) A big part of the wind and solar boom is being driven by private equity investment. 4) Higher interest rates, inflation and supply chain issues are spoiling the financial math of some alt-energy investments, leading to headline-grabbing cancellations. 5) Blade and turbine issues have also plagued some wind energy efforts. 6) But, major projects are still coming online: New York, for instance, recently flipped the switch on its first offshore wind farm, some 35 miles off Long Island's Montauk Point. https://lnkd.in/eDAC5mF2