Solar and wind growth failing to outpace demand growth (except during an economic crisis)

Trust, yet verify

The good news keeps on coming: Belgium is worldwide in the top 15 of “Wind and Solar countries”. More specifically, we are at 9th place having a share of 20% of our electricity production from solar and wind in 2020:

It didn’t end there. China, the EU-27 and the United States are responsible for more than two-thirds of global generation, Vietnam went from 0 to 14 TWh in just 3 years, Chile and South Korea have quadrupled their wind and solar generation since 2015, and many other countries (Brazil, China, India, Mexico, Turkey and Uruguay) have tripled it. Also, many countries now get around a tenth of their electricity, which is the global average for electricity generation from solar and wind.

Of course, the transition to solar and wind is going to be cheap. According the article, the cost for solar and wind are at a tipping point…

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