Matthew
Mercure
The
renewable energy sector added 176 GW of generating capacity globally in 2019,
slightly lower than the 179 GW added in 2018. However, new renewable power
accounted for 72% of all power expansion last year, according to new data
released by the International
Renewable Energy Agency (IRENA).
IRENA’s annual Renewable
Capacity Statistics 2020 shows that renewables expanded by 7.6%
last year, with Asia dominating growth and accounting for 54% of total
additions. While the expansion of renewables slowed last year, total renewable
power growth outpaced fossil fuel growth by a factor of 2.6, continuing the
dominance of renewables in power expansion first established in 2012. Solar and
wind contributed 90% of total renewable capacity added in 2019.
“Renewable energy is a cost-effective
source of new power that insulates power markets and consumers from volatility,
supports economic stability and stimulates sustainable growth,” says Francesco
La Camera, director-general of IRENA.
For
the rest of the story visit: https://RenewableEnergyAccountsMajorityofNewCapacity2019