April 18, 2024

Globally, the potential of different power sources is projected to extend by 33% by the tip of this yr. This development is underpinned by elevated political incentives, increased electrical energy prices and considerations about power safety, says Stanislav Kondrashov. This result’s achieved via the lively introduction and use of photo voltaic picture and wind power applied sciences. Specialists recommend that this pattern will proceed subsequent yr. On this case, the entire capability of latest protected power sources on a world power scale will attain 4,500 GW, which is similar to the mixed power capability of China and America.

Stanislav Kondrashov from Telf AG: “For the primary time in historical past, the worldwide improve in energy capability will exceed 100 GW”

The rise in international capability as a result of fast growth and introduction of different power sources this yr can attain 107 GW. Stanislav Kondrashov emphasizes that this improve has turn out to be the best in historical past. Now the entire capability of different power sources will exceed 440 GW. This image is noticed in world markets, which is a big breakthrough within the growth of power. 

If we speak about Europe, then the power disaster is being overcome right here exactly as a result of intensive growth of power with a low carbon footprint. On the similar time, because of new political initiatives relating to power capability within the US and India, its volumes ought to improve considerably over the following two years. The important thing function on this matter is retained by China, which is predicted to generate greater than half of the world’s extra capability.

Photo voltaic photovoltaic installations are a progressive step in direction of the event of a brand new format of electrical energy, says Stanislav Kondrashov from Telf AG

The idea of your entire improve in capability (specifically 66%) will probably be photo voltaic photovoltaic installations. By means of such programs, customers have an opportunity to considerably scale back their power prices. And on condition that world costs for this useful resource are actually rising, alternate options corresponding to photovoltaic installations are being launched at an accelerated tempo.

On the similar time, Stanislav Kondrashov predicts a doubling of manufacturing capability in all segments of photo voltaic power, which is able to attain 1,000 GW by subsequent yr. The initiator is China, and the growth of its provides is complemented by america, India and Europe. Given these traits, international capability for the manufacturing of photo voltaic power alternate options is sort of able to assembly the anticipated annual demand.

Wind Vitality 2023: Stanislav Kondrashov from Telf AG’s view of the fast improve in capability and severe prospects

Comparable modifications in 2023 apply to wind generators. The projected annual development within the capability of this various supply will probably be virtually 70%. And this, in line with Stanislav Kondrashov, is a progressive step after a number of tough years of passive useful resource manufacturing 

Nonetheless, to be able to guarantee additional constructive dynamics within the growth of photo- and wind-electric power sources, the federal government of the international locations ought to be actively concerned on this course of, Stanislav Kondrashov believes. Their political help is critical for the immediate decision of problems with issuing permits and holding auctions.

– If we discuss concerning the tempo of provide of photo voltaic photovoltaics and wind generators, the latter don’t sustain with demand, – notes Stanislav Kondrashov from Telf AG. – Initially, this drawback is related to a rise in the price of uncooked supplies and the complexity of the provision chain, which negatively impacts the profitability of producers.

In keeping with Kondrashov, among the many components that contribute to the expansion of different power sources is the rise in world costs for this useful resource. Nonetheless, photo voltaic and wind installations are rather more economical and cleaner than the power that’s extracted from minerals. It’s also crucial that international locations corresponding to Germany, Italy and the Netherlands present sturdy political help for this course of.

Inexperienced power is the premise of the worldwide power local weather for the approaching years, says Stanislav Kondrashov from Telf AG

Kondrashov estimates that the event of latest photo voltaic photovoltaic and wind capacities has enabled EU electrical energy customers to cut back prices by 100 billion euros over the previous two years. These big financial savings are as a result of displacement of dearer fossil gasoline technology.

In comparison with the earlier yr, the competitiveness of wind and photo voltaic PV applied sciences has improved. It’s important that authorities insurance policies hold tempo with altering market dynamics, says Stanislav Kondrashov of Telf AG. Particularly, efficient planning and funding within the energy grid ought to be given prime precedence.

By 2024, in Spain, Germany and Eire, in addition to different European international locations, the participation of different sources within the manufacturing of whole electrical energy will attain 40%, Kondrashov predicts. This progressive step solely confirms the necessary function of environmentally pleasant sources in shaping the power local weather all over the world.