4 Countries That Will Make The Most Out Of Their Renewable Energy Sources In 2019

As more gigawatt-scale markets are being established in countries across the world for renewables and storage, the global picture of renewable energy sources is getting much more diverse.

Here is a list of 4 countries where wind, solar and energy storage prospects will be worth keeping an eye on in 2019.

India

The Business Today in a December 20 post stated that in 2018, India surpassed 26,000 MW of cumulative solar capacity and has emerged as one of the world's largest markets for solar PV.

• India is one of the leading countries in the list of countries that are the largest producers of energy from renewable sources.

• As of 30 June 2018, renewable energy accounted for 20% of the total installed power capacity.

Argentina

Right now less than 2 per cent of the country's electricity is getting outsourced from renewable energy in Argentina. Sixty per cent of electricity is generated from fossil fuels.

However, Argentina's government is acting swiftly to change that. Recently, it announced what they are aiming at: producing 20 per cent of Argentina's electricity from renewable sources by 2025.

• Despite recent currency problems, various experts believe that new national net metering policies will excite the growth of distributed solar systems of up to 300 kilowatts across Argentina.

• The country has also been identified as a wind market to watch by Dana Younger, a chief renewable energy specialist at the International Finance Corporation.

Australia

A recent SBS News article stated: Over the next two years, the falling cost of renewable energy will result in Australians paying less on their electricity bills.

The Australian Energy Market Commission's annual report on electricity prices has forecasted average Australia's electricity bill to be 2.1 per cent lighter in June 2021 than it was in June this year.

This indicates a saving of about $28, as the average bill falls from $1367 to $1338.

• Australia is one of the bigshots in the solar market, and it will be interesting to watch it in 2019 too.

Solar EPC (Engineering, Procurement & Construction) companies have helped Australia in building a solar pipeline of more than 30 gigawatts, for fulfilling the country’s Large-Scale Renewable Energy Target, corporate power-purchase agreements, state auctions and merchant projects.

Brazil

A recently held study showed that Brazil's wind power output in the first half of December has increased by 7.3% year-on-year to 4,867 average megawatts (MW).

65% of electricity produced in Brazil is hydroelectricity. The Brazilian government is now planning to expand the share of biomass and wind energy as alternatives which are currently 6%.

• Brazil is known for its strong wind market. Now solar is the thing to watch out for in the Brazilian market.

• Auction prices are dropping and a desire for more market-driven solutions is on the rise. When it comes to renewables, many developers and suppliers see this as the largest area for growth.

MI Solar is the leading company in India providing the best solar EPC services and how customers can get added advantages from successful EPC implementation. Get a quote now!