The future is looking better and better for renewable energy production and recently the capacity for renewable energy is comparable to nuclear. Nuclear energy saw great progress and governmental support to get it where it is today; without such extensive help renewable energy production is now catching up.
Seeing the success of renewables will hopefully inspire more governments to create policies to support ongoing growth. The logistical issues of storage are still being figured out by utilities and as we’ve recently seen, investors are more interested in this sector than ever before.
Following a rapid rise from its beginnings in the mid-1950s, global nuclear power generating capacity peaked at 375.3 gigawatts (GW) in 2010. Capacity has since declined to 371.8 GW in 2013, according to the International Atomic Energy Agency. Adverse economics, concern about reactor safety and proliferation, and the unresolved question of what to do with nuclear waste have put the brakes on the industry.
In stark contrast, wind and solar power generating capacities are now on the same soaring trajectory that nuclear power was on in the 1970s and 1980s. Wind capacity of 320 GW in 2013 is equivalent to nuclear capacity in 1990. The 140 GW in solar photovoltaic (PV) capacity is still considerably smaller, but growing rapidly.