The International Energy Agency (IEA) has raised its forecast for the global growth of wind and solar by another 25% compared to figures it published just six months ago. Furthermore, the IEA’s “renewable energy market update” forecasts nearly 40% higher growth in 2021 than it expected a year ago, putting wind and solar on track to match global gas capacity by 2022. The Paris-based agency says a “huge” 280 gigawatts (GW) of renewable capacity – primarily wind and solar – was installed globally last year, some 45% higher than the level in 2019, after the largest annual increase in more than 20 years. This “exceptional” level of annual additions will become the “new normal” in 2021 and 2022, the IEA says, with the potential for further acceleration in the years that follow. Overall, the IEA says that renewables accounted for 90% of new electricity generating capacity added globally last year and that they will meet the same share in each of the next two years.
Carbon Brief 11th May 2021 read more »
The world’s renewable energy industry grew at its fastest pace since 1999 last year, despite the disruption caused by the Covid-19 pandemic, and may have established a standard for growth in the future, according to the International Energy Agency (IEA). The global energy watchdog revealed that the delivery of renewable energy projects, including windfarms and solar power projects, grew by 45% last year in a step change for the global industry. Wind power capacity doubled over the last year, while solar power grew by almost 50% more than its growth before the pandemic, due to the growing appetite for clean energy from governments and corporations.
Guardian 11th May 2021 read more »
NS Energy 11th May 2021 read more »
Business Green 11th May 2021 read more »
Independent 11th May 2021 read more »
Times 11th May 2021 read more »