Renewables to grow faster than forecast to 2035: BP

Renewable energy will grow more quickly than forecast and provide around 15 percent of world power generation by 2035, oil company BP said on Wednesday.

Renewables, including biofuels and wind power, are projected to increase at a rate of 6.6 percent per year, boosting their share of the total primary energy mix to 9 percent by 2035, up from 3 percent now, BP said in its annual Energy Outlook 2035.

Renewable energy production was 354.6 million tonnes of oil equivalent in 2015 and will rise to 1,359.4 million tonnes by 2035, it added. Read More…