The International Energy Agency has reported that renewable energy sources are likely to account to nearly 90% of the increase in total power capacity worldwide in 2020. And that growth rate will keep accelerating throughout 2021. Driven by China and the United States, new additions of renewable power capacity worldwide will increase to a record level of almost 200 gigawatts this year, the IEA’s Renewables 2020 report forecasts. This rise – representing almost 90% of the total expansion in overall power capacity globally – is led by wind, hydropower and solar PV. Wind and solar additions are set to jump by 30% in both the United States and China as developers rush to take advantage of expiring incentives.
To read the IEA’s Renewables 2020 click here.