Status of renewable energy as on 2024
Renewable energy has made significant strides in meeting the needs and requirements of modern civilization as of 2024. However, its ability to fully power the world depends on several factors, including technological advancements, grid infrastructure, energy storage solutions, and the pace of global adoption. Here's a detailed analysis: Current Status of Renewable Energy (2024) Installed Capacity : Global renewable energy capacity has surpassed 3,500 GW, with significant contributions from solar, wind, hydro, and biomass. Some countries, like Norway and Iceland, already meet nearly 100% of their energy needs through renewables. Technological Advancements : Solar PV efficiency has improved with perovskite-silicon hybrid technologies. Offshore wind turbines now exceed 15 MW per unit, contributing to substantial energy output. Energy storage technologies, such as lithium-ion, solid-state batteries, and green hydrogen, are becoming more viable for addressing intermittency. Decentralize...