As Bloomberg says (see below), time is running out for fossil fuels as installation of renewable electricity generation exceeds installation of fossil fuels. Now that’s not yet a lead in electricity production itself, as fossil fuel power plant usually have a higher capacity factor compared to renewables, but at the current rate of change it won’t be long until the amount of new electricity production from renewables exceeds new electricity production from fossil fuel power plant. Of course, nuclear is nowhere to be seen. Indeed, as the World Nuclear Status reports indicate, nuclear power’s share of global electricity production is actually falling. The are still the usual projections of significant nuclear expansion, but as usual such plans usually fail to materialise.
Read on at: Move over fossil fuels, renewables take over worldwide generation installation Seehttp://realfeed-intariffs.