Global energy demand rises by 20 percent; market demand trends differ for OECD and non-OECD

Renewable electricity achieved a power-sector milestone in 2018, surpassing 20% (249 gigawatts [GW]) of U.S. total electricity generating capacity (1.2 terawatts [TW]) for the first time, according to the 2018 Renewable Energy Data BookPDF. Since 2009, renewable generation in the United States has increased by a factor of five.

The GCC nations include Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the UAE. The gulf region could save 354 million barrels of oil equivalent from adopting renewable energy by 2030, according to a 2019 study from the Abu Dhabi-based International Renewable Energy Agency.

The China's state-owned company will spread a total renewable investment of CNY 58 billion (USD 8.3bn/EUR 7.6bn) between 25 new projects in 14 provinces and regions

Yet ratepayers have not been able to benefit from these significantly lower costs of clean energy

Renewable power production in Argentina jumped by 85.9% year-on-year to 956 GWh in January

Brazil's solar power output in the first 15 days of the month went up to 587 average megawatts (MWa) from 495 MWa a year ago for a 18.6% increase.

France's Fessenheim nuclear reactor, on the border with Germany, will be shut down at the end of June

The Netherlands is the European country with the lowest share of renewable in its energy mix with only 7.4% in 2018.

EIA now expects global petroleum and liquid fuels demand will rise by 1.0 million b/d in 2020, which is lower than the forecast increase in the January STEO of 1.3 million b/d in 2020, and by 1.5 million b/d in 2021.

Power Industry 2020 Predictions and Trends: Hydrogen Fuel Cells to Become a Key Player in the Reliable Energy Backup and Storage Space

EDF net income - Group share amounted to €5,155 million at the end 2019, driven in particular by the improvement in the financial result.

The power industry is evolving because it must meet a growing demand for electricity, as the world population continues to increase and developing countries industrialise.

Turkey had invested around $40 billion in renewables over the last decade

Last year alone, the EBRD financed almost 2.25 GW of new renewables across its region. The Bank is currently working with 14 governments to start or launch renewable energy auctions.