By Justin Wilkes

All 27 National Renewable Energy Action Plans have now been submitted to the European Commission. We at EWEA have done an analysis of the plans.  As expected they show that the EU as a whole will exceed its target of 20% of energy from renewables by 2020.

Taking all 27 National Renewable Energy Action Plans together we see that EU countries expect to meet 20.7% of their energy consumption from renewables.

This would mean that 34% of all electricity in the EU in 2020 would come from renewables – 14% from wind energy alone: making wind Europe’s leading renewable energy source.

In an impressively unique attempt to promote the global need for the creation of green jobs, world leaders attending last week’s G20 summit in Seoul were each asked to set aside one hour in the next few months to learn how their countries can benefit by economic solutions to complex 21^st century problems.

“Creating green jobs on a massive scale is a two-way street,” Ditlev Engel, President and CEO of Vestas Wind Systems A/S, said in a press release announcing the plan put forth at the G20 Business Summit, a largely unreported side session to the main meeting, by a working group for creating green jobs.

“Give us the policy frameworks, and we’ll give you the results. We’ll make the investments, we’ll take the risks, and we’ll create the jobs. But this requires a policy framework that re-balances the incentives indisputably in favour of green investment.”

South Korea has confirmed it intends to become a major player in the offshore wind sector with an announcement last week that an $8.2 billion (€5.9 bn) wind farm will be built in the Yellow Sea.

With an eye to reducing its dependence on expensive imported fossil fuels, the nation will begin testing 20 5-MW wind turbines from various South Korean manufacturers by 2013. This will be followed by the installation of an additional 180 5-MW machine three years later and 300 more similar sized turbines by 2019.

“The plan is to make South Korea the world’s third-largest country in terms of offshore wind power generation,” Kang Nam-hoon, head of the Ministry of Knowledge Economy’s energy and climate change policy division, was reported as telling a press briefing.

A just published report by Greenbang, covered by the Financial Times Energy Source blog, reveals that the market for ‘smart’ electricity in Europe is “set to expand rapidly in coming years” as more and more renewable energy comes online, government initiatives kick-in and overall demand for energy grows.

According to the report, up to 145 million new smart meters will be installed by the end of 2020 with Germany, the UK, Poland, France and Spain leading the way in a market that could be worth $25 billion by 2020. The EU has recently set the objective of installing smart meters in 80% of households across Europe by 2020.

Renewable energies like wind power are variable in nature, and smart management techniques help make their integration into the electricity system more cost-effective. A smart meter device in the home would notify users when electricity demand is high, and when electricity prices are higher, allowing them to switch off devices that do not need continuous electricity such as freezers, or to put the washing machine on at a cheaper time of day.

Wind power got another strong vote of confidence last week when the United Nations Environment Program (UNEP) and the Renewable Energy Policy Network (REN21) jointly issued reports saying supplies of new green electricity capacity should overtake fossil fuels later this year or in 2011.

The reports noted that in 2009, for the second year in a row, both Europe and the US added more power capacity from renewable sources such as wind and solar than conventional sources like coal, gas and nuclear. According to a press release, renewables accounted for 60% of newly installed capacity in Europe and more than 50% in the US.

“Globally, nearly 80 GW of renewable power capacity was added in 2009, including 31 GW of hydro and 48 GW of non-hydro capacity. This combined renewables figure is now closing in on the 83GW of fossil-fuel, thermal capacity installed in the same year,” the press release said.
“If the trend continues, then 2010 or 2011 could be the first year that new capacity added in low carbon power exceeds that in fossil-fuel stations.”

The press release said wind was even more dominant as a destination for investment in 2009 than 2008.

“In 2008, it accounted for $59 billion or 45 [%] of all financial investment in sustainable energy; in 2009, it accounted for $67 billion and its share rose to 56 [%].”

Wind power additions reached a record high of 38 GW last year, the release noted, adding the emissions-free generating technology now exists in more than 82 nations.

UNEP Executive Director Achim Steiner said 2009 was a year of resilience, frustration and determination for sustainable energy investment.
“Resilience to the financial downturn that was hitting all sectors of the global economy and frustration that, while the UN climate convention meeting in Copenhagen was not the big breakdown that might have occurred, neither was it the big breakthrough so many had hoped for,” the release quoted Steiner saying. “Yet there was determination on the part of many industry actors and governments, especially in rapidly developing economies, to transform the financial and economic crisis into an opportunity for greener growth.”

Mohamed El-Ashry, Chair of REN21, was quoted saying favorable policies in more than 100 nations played a critical role in the recent strength of global renewable energy investments recently. “For the upward trend of renewable energy growth to continue, policy efforts now need to be taken to the next level and encourage a massive scale up of renewable technologies.” El-Ashry said.

Do you think we’re about to reach a global green energy tipping point, where wind and other renewables will soon supply more new electricity than fossil fuels? Join in the discussion by commenting below.