Bp Renewable Energy Statistics

Wind provided the largest contribution to renewables growth 1 4 ej followed closely by solar 1 2 ej.

Bp renewable energy statistics.

This change in course is evocative of when netflix abandoned dvd. Bp announced its shift away from oil to greener energy resources including natural gas renewable fuels wind solar and hydrogen. Bp will supply renewable energy to microsoft across multiple countries and regions including the us europe and latin america. Renewables are the fastest growing energy source contributing half of the growth in global energy with its share in primary energy increasing from 4 in 2019 to around 15 by 2040 in bp we have an established and growing alternative energy business with a significant portfolio across renewable fuels power and products.

Renewables energy consumption which includes biofuels and all traded renewable electricity apart from hydro continued to grow strongly contributing its largest increase in energy terms 3 2 ej on record. The outlook is only one of many sources when considering the future of global energy markets and bp considers a wide range of other analyses and information. Cookies also allow us and our partners to show you relevant ads when you visit our site and other 3rd party websites including social networks you can choose to allow all cookies by clicking allow all or manage them individually by clicking manage cookie preferences. The energy outlook is produced to inform bp s analysis and strategy and is published as a contribution to the wider debate.

Renewable energy grew strongly again with particularly striking gains in solar capacity and generation. Natural gas was the largest source of energy. Bp liquid fuels demand 2020 bp energy outlook in the longer term demand for coal oil and natural gas is set to slow dramatically. Watch the bp energy outlook 2017 video containing our projections of long term energy trends to 2035.

This accounted for over 40 of the global growth in primary energy last year which is larger than any other fuel. Bp covid 19 impact bp 2020 energy outlook graphic. Renewable energy including biofuels posted a record increase in consumption in energy terms 3 2 ej. But the outlook is only one source among many when considering the future of global energy markets and bp considers a wide range of other analysis and information when forming its long term strategy.

Download the booklet and. This was also the largest increment for any source of energy in 2019.