OECD Renewable Energy Production in October Up 5% on Previous Year

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Renewable energy production across OECD nations in October 2019 was up nearly 5% on the same month the year before.

The latest Monthly Electricity Statistics report from the International Energy Agency (IEA) shows this accounted for 27.5% of total net production. reaching 233.4TWh.

This was more than the total increase over the year to date – from January to October 2019. renewable power production totalled 2.480.7TWh and was up by 3.2% compared to the same period in 2018.

In October 2019. net electricity production reached 847.3TWh. 2.2% lower than in September 2019 but up by 0.5% on the previous year’s figures.

Between January and October 2019. conventional thermal energy production totalled 4.944.3TWh. down by 4% compared to the same period in 2018 – the non-renewable share of the generation mix in this timeframe was 71.8%.

The report shows natural gas production increased by 11.1% in OECD Europe compared to September 2019. reaching 22.6% of the total electricity mix – the IEA suggests this is largely a consequence of continued record low gas prices.

Another new report shows Investment in the Low Carbon and Renewable Energy Economy (LCREE) sector increased by 48% between 2015 and 2018.