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The shift to cleaner power is disrupting entire industries. Will the 21st century be the last one for fossil fuels? (Image: ft.com)

China and India have picked up the baton and are driving a sector that has spread to every continent. The result was a banner year for green energy in 2016. Global renewable power generation capacity rose by 9 per cent last year — a fourfold increase from the start of this century — buoyed by the growth of newer sources such as solar power that shot up by more than 30 per cent. For the second year in a row, renewable energy accounted for more than half the new power generation capacity added worldwide. Sales of plug-in electric vehicles last year were 42 per cent higher than in 2015, growing eight times faster than the overall market. The storage capacity of big lithium ion battery systems more than doubled last year.

This clean energy disruption has just started and what is striking is how much of a financial impact it is already having on some companies

says Per Lekander, a portfolio manager at London’s Lansdowne Partners hedge fund, who has tracked global energy markets for more than 25 years.

Read the full article at ft.com. It provides an insight on how “alternative energy” has grown and is disrupting the busines model of conventional power production.

Our contribution in this space: GreenEnergyPark.co.za

 

The big debate

The world has been through energy transitions before, often shaping the course of human history. The age of wood gave way to coal in the 1800s. Coal was in turn squeezed by oil and natural gas, transforming the fortunes of Middle Eastern desert kingdoms. Such shifts usually take decades. But the growth of the latest one has prompted some to wonder if the age of fossil fuels might fade faster. Some mainstream thinkers are dubious.

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