The growth of world demand for electricity.A growth derived from the increase in consumption by emerging countries, whose populations are growing rapidly.
The massification of the urban environment.The concentration of industrial activity, transport... All this causes 80% of the world population to live with air quality below the standards set by the WHO.
It has government support.From the EU, through the Green Deal, whose objective is to be neutral in carbon emissions by 2050; new carbon taxes, incentives for electric vehicles and the obligation for new buildings to be “zero emission” from 2021. And not just Europe; the USA and Japan also aim to achieve zero carbon emissions by 2050 and 2060 respectively
The electrification of society is a fact, and its production through renewable sources is the only possible outcome.
Cheaper infrastructure.Over the last eight years, the material costs associated with solar and wind energy have been reduced by 80% and 35% respectively.
Cheaper batteries.The price of lithium-ion batteries (the most common type of batteries), have been cut by 88%.
It is now more profitable to build and operate a clean energy generating facility than a fossil fuel plant.
Levelised cost of different energy sources.
But, there are also social and circumstantial reasons:
What do the experts think?
The International Energy Agency estimates that the demand for electricity will increase in the next two decades. from the current 25,000 TWh to 40,000 TWh. It is expected that two thirds of that energy will be generated through renewable sources.
The same organisation foresees that an additional investment of US$ 60 billion will be necessary to reach the objective of not increasing the temperature by more than 1.5 ºC in this century.
Show/Hide legal text1 Investment funds: The key investor information document, prospectus and all other legal documents related to Bankinter's collective investment institutions are available at any of our branches, on the Bankinter website (www.bankinter.com) and on the Spanish National Securities Market Commission (CNMV) website (www.cnmv.es).
Show/Hide legal text2 The fees shown are the sum of the management and depositary fees. These fees are charged annually.