Renewables share increases globally

21 June 2022

The International Energy Agency’s latest Monthly Electricity Statistics report, which includes March 2022 data, shows that total OECD net electricity production reached 899.1 TWh in March 2022, up by 2.2% compared to March 2021. 49.0% of this originated from fossil fuels, 34.5% from renewable sources and 16.2% from nuclear power. Overall, in the first quarter of 2022, net electricity production increased by 2.4% on year-to-date basis, totalling 2789.7 TWh.

Electricity from renewable sources increased by 2.0% on a year-on-year basis, mainly driven by higher solar power production (+7.8 TWh, representing an 18.2% increase), with production showing gains in all OECD regions. Hydropower production continued to decrease largely driven by low rainfall across southwest European countries since the start of 2022. Spain (-56.7% year to date), France (-26.0% y-t-d), Italy (-44.2% y-t-d) and Portugal (-67.0% y-t-d) were the members most affected in the first quarter of 2022.

Electricity production from fossil sources amounted to 440.8 TWh in March 2022, up by 5.1% on year-on-year basis. Coal power production that was the main contributor to this increase representing 19.1% of the electricity mix, increased by 7.1% compared March 2021. Electricity from natural gas also increased in March 2022 (+3.9% y-o-y), despite several European countries having decreased their reliance on this fuel source for electricity.

The stand-out figures came from Germany, where net electricity production has increased to 51.1 TWh in March 2022, a 2.2% y-o-y increase and 4.6% y-t-d. Power generation from renewable sources has contracted by 8.3% y-o-y, manly driven by a decrease of net electricity generation from wind by 29.6% y-o-y, as the available resource was lower than the normal seasonal trend for March. To balance the underlying decrease, power generation by combustible fuels rose by 22.0% (y-o-y), with the primary contributor being coal (+43.2% y-o-y).

The IEA's Monthly Electricity Statistics features electricity production and trade data for all OECD Member states.

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