Wind and solar power expand rapidly in all three scenarios. Combined installed wind and solar capacity by 2050 increases more than 15-fold from 2019 levels in Accelerated and Net Zero and by nine-fold in New Momentum.
The use of modern bioenergy – traded solid biomass, biofuels and biomass-derived gases – grows significantly in all three scenarios as it helps to decarbonize hard-to-abate sectors.
With more electricity generated by offshore wind than anywhere else in the world, the UK is at the forefront of the fastest-growing energy source
Lightsource bp has secured a new $1.8 billion credit and trade finance facility that will help fuel its new global growth strategy of developing 25GW of solar by 2025