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2019 would be an interesting year for the Energy industry ranging from the Oil and Gas market to
Renewable forms of energy production. We have seen some highpoints in 2018; new discoveries;
improved and efficient technological advancements but carbon emissions still went up. Funny right?
So I decided to outline three important Energy trends to look out for in 2019:
1. The cost of Renewable electricity will continue to fall:
The falling cost of renewables in developed economies is seen as a welcome development as more
investment are being made in renewable power generation to achieve grid parity. Data from IRENA
(International Renewable Energy Agency) shows that the global cost of power generation
especially from wind turbines reduced gradually from 2014 - 2016 and it is forecasted to keep
reducing. There have also been more renewable energy projects in emerging economies (India,
Nigeria, Kenya et al) in 2018 and we hope to see more infrastructural growth in these energies and
less dependence on the traditional source of energy production wherewith the economic
imperatives typically outweigh concern for environmental impacts. I also love this quote from Chris
Goodall, who writes the Carbon Commentary blog; “the costs of electricity from PV [photovoltaic
solar] have always — without exception — fallen faster than people expected so there is every
reason to believe the decline will continue, and probably speed up.” He added that the falling costs
of capital and maintenance would continuing to drive costs down.