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Demand for green power surges 39% in Q2, likely to hit 500 TWh for full 2017

Market demand for renewable electricity documented with GoO in Europe Q2 2017

Aug 17 (Renewables Now) - Demand for renewable electricity, documented with Guarantees of Origin (GOs) in Europe, marked a 39% year-on-year growth in the second quarter of 2017, Tom Lindberg said today in commentary on figures from the Association of Issuing Bodies (AIB).

" The year-to-date figure reached 377 TWh, already exceeding the total volume for all of last year with 11 TWh. Given that this development continues at the same pace, total demand for 2017 will likely reach nearly 500 TWh," says Lindberg.

“The total demand for green power continues to grow – both in more “mature” markets like Germany and Sweden, as well as in newly established markets like Spain,” says Lindberg.

This year, Germans have already purchased 77 TWh of GO-documented renewable power. "If the trend continues Germany is likely to break the 100 TWh barrier for the first time!" Lindberg notes.

Spain, the latest of the large renewable producing countries to join the GO power market, contributed directly to available solar power soaring to new heights – from 1.9 TWh in 2015 to 21.4 TWh in 2016.

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Browse all articles from Mariyana Yaneva

Mariyana is a founding member of the Renewables Now team. With nine years of professional experience in renewables she has built strong expertise in the wind industry and French-speaking markets.

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