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Fossil fuel generation falls to record low as renewables dominate energy market

Deputy Editor, Current±
Fossil fuel generation has more than halved over the last decade, hitting a new record low in 2020.
Just 102.7TWh was produced by coal and gas-fired plants combined last year, compared with 230.5TWh in 2011, according to analysis from EnAppSys.
As carbon intensive electricity generation has fallen away, the renewables sector has become a dominant player in the power mix. In 2020, renewables produced a record 41% (120.3TWh) of Great Britain’s overall electricity output. This is up from 2019, when wind, solar and other renewables contributed 35% of the country s electricity, with generation growing by 15MTh.
This growth was mainly driven by a 25% increase in wind generation, which expanded up to 74TWh. This was largely due to increased deployment of offshore wind, as the UK continues to target the technology. In particular, Q1 was a notable windy period, marked EnAppSys, with a number of storms – such as Storm Ciara in February which pu ....

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Power Finance Corporation Rating: buy New dividend norms to offer structural boost

Power Finance Corporation Rating: buy New dividend norms to offer structural boost
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