The production of electricity from renewable sources in OECD countries grew by 14% in June 2024, compared to the same period of the previous year, reaching 329,9 TWh. This growth was driven by the increase in wind (+28,1%), solar (+18,4%) and hydroelectric (+4,8%) power generation..
The data is from the latest bulletin of IEA (International Energy Agency), released on Tuesday (17/9). The OECD (Organization for Economic Cooperation and Development) brings together 38 member countries and plays an important role in international economic cooperation.
In the Americas, renewable generation in the OECD increased by 17,5% (+21,5 TWh), driven mainly by wind (+35,8% or 11,5 TWh) and solar (+30,0% or 8,1 TWh).
In Europe, renewable electricity production grew 14% compared to the previous year, driven by the increase in wind generation (+26,4% or 7,4 TWh), hydroelectric (+10,7% or 5,4 TWh) and solar (+12,9% or 4,7 TWh).
According to the IEA, “electricity generated from renewable sources in the OECD increased by 8,5% in the first half of 2024 and, in June, represented 36,5% of the organization’s electricity mix.”
Fossil fuels
In contrast, electricity generation from fossil fuels fell by 0,6% in June 2024, reaching 422,7 TWh. The largest decline was observed in Europe (-12,9%), with a highlight being the lower natural gas production (-21,0%).
In Asia-Oceania, there was a 3,0% decrease, while the Americas saw a 3,8% increase, driven by the use of coal (+4,5%) and natural gas (+3,2%). Overall, fossil fuels accounted for 46,8% of the OECD electricity mix, the IEA said.
Nuclear energy
A Nuclear electricity generation also registered growth, reaching 146,5 TWh in June 2024, an increase of 6,0% compared to the same month in 2023.
This increase was driven mainly by France (+16% or 3,6 TWh) and the United States (+5,0% or 3,2 TWh). Nuclear power accounted for 16,2% of the OECD electricity mix.
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