Renewable Energy Remained Stable in the Market Compared to Nuclear Energy Amid the Pandemic

Written by Valdemar Medeiros

Published on 27/09/2020 at 10:09

Updated on 21/03/2022 at 10:34

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Renewable Energy Production Advanced Amid the Covid-19 Pandemic, Resisting Better Than Nuclear Energy, Which Fell Due to A Drop in Demand

In the first quarter of 2020, “the deployment and production of renewable energy resisted better to the effects of the pandemic (…) than the nuclear energy sector,” highlighted the 2020 edition of the World Nuclear Industry Status Report, an annual report dedicated to the subject.

Renewable Energy Increased by 3%

During this period, renewable energy production grew by about 3%, while its relative share in global production increased by 1.5 percentage points.

According to the authors, this increase is mainly due to a “double-digit increase in the percentage of wind energy and a jump in photovoltaic solar energy production from projects installed during the previous year.”

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Nuclear Energy Declined

Nuclear production, on the other hand, fell “by about 3%” during the period, in response to lower demand and because fewer reactors were operational in some regions.

Covid-19 “is the first pandemic of this magnitude” in the history of nuclear energy, the document states. In 2019, the share of electricity production from renewable sources (excluding hydropower) surpassed nuclear energy for the first time (10.39% versus 10.35%). However, the medium-term impact of the pandemic on the energy mix is “far from clear,” according to the report.

Also in 2019, annual nuclear electricity production increased. It reached 2,657 terawatt-hours (TWh), an increase of 3.7% compared to 2018 “and only 3 TWh less than the historical peak of 2006,” we can read in the report. Half of this increase is linked to a more than 19% increase in Chinese nuclear production.

Renewable Energy Remained Stable in the Market Compared to Nuclear Energy Amid the Pandemic

Renewable Energy Production Advanced Amid the Covid-19 Pandemic, Resisting Better Than Nuclear Energy, Which Fell Due to A Drop in Demand

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Renewable Energy Remained Stable in the Market Compared to Nuclear Energy Amid the Pandemic

Renewable Energy Production Advanced Amid the Covid-19 Pandemic, Resisting Better Than Nuclear Energy, Which Fell Due to A Drop in Demand

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