Global renewable energy grew at fastest pace in two decades in 2020
Renewable energy grew at its fastest pace in two decades last year, led by China, and will continue to grow in the next two years, according to a report recently issued by the International Energy Agency (IEA).
The report showed that the new renewable energy capacity last year rose by 45% to 280 gigawatts (GW), the largest year-on-year increase since 1999, even though there were supply chain disruptions and construction delays due to the impact of the coronavirus pandemic.
China accounted for 50% of renewable energy capacity growth last year and will account for 45% this year and 58% in 2022, it said.
Globally, around 270 GW of new capacity is forecast to be added this year and nearly 280 GW in 2022, the IEA said in a renewable energy market outlook.
These forecasts have been increased by more than 25% from the agency's previous forecasts in November as governments have auctioned record amounts of renewable energy and companies have signed a record number of power purchase agreements.
Governments auctioned 75 GW of offshore and onshore wind, solar photovoltaic and bioenergy capacity last year, up 20% from 2019.
Renewable energy grew at its fastest pace in two decades last year, led by China, and will continue to grow in the next two years, according to a report recently issued by the International Energy Agency (IEA).
The report showed that the new renewable energy capacity last year rose by 45% to 280 gigawatts (GW), the largest year-on-year increase since 1999, even though there were supply chain disruptions and construction delays due to the impact of the coronavirus pandemic.
China accounted for 50% of renewable energy capacity growth last year and will account for 45% this year and 58% in 2022, it said.
Globally, around 270 GW of new capacity is forecast to be added this year and nearly 280 GW in 2022, the IEA said in a renewable energy market outlook.
These forecasts have been increased by more than 25% from the agency's previous forecasts in November as governments have auctioned record amounts of renewable energy and companies have signed a record number of power purchase agreements.
Governments auctioned 75 GW of offshore and onshore wind, solar photovoltaic and bioenergy capacity last year, up 20% from 2019.
Renewable energy grew at its fastest pace in two decades last year, led by China, and will continue to grow in the next two years, according to a report recently issued by the International Energy Agency (IEA).
The report showed that the new renewable energy capacity last year rose by 45% to 280 gigawatts (GW), the largest year-on-year increase since 1999, even though there were supply chain disruptions and construction delays due to the impact of the coronavirus pandemic.
China accounted for 50% of renewable energy capacity growth last year and will account for 45% this year and 58% in 2022, it said.
Globally, around 270 GW of new capacity is forecast to be added this year and nearly 280 GW in 2022, the IEA said in a renewable energy market outlook.
These forecasts have been increased by more than 25% from the agency's previous forecasts in November as governments have auctioned record amounts of renewable energy and companies have signed a record number of power purchase agreements.
Governments auctioned 75 GW of offshore and onshore wind, solar photovoltaic and bioenergy capacity last year, up 20% from 2019.
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Global renewable energy grew at fastest pace in two decades in 2020
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