NewEnergyNews: World Bank Talks Solar Strengths

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    Friday, November 11, 2016

    World Bank Talks Solar Strengths

    How Solar is Changing the Climate Game

    November 10, 2016 (The World Bank)

    "Thanks to plummeting unit costs, solar energy will be a crucial source of power for many countries working to meet their climate objectives by 2030…Once a distant possibility, solar power is a game changer for developing countries that are swiftly embracing this clean, renewable source of energy to close their electricity access gaps and meet climate change mitigation goals…For the first time, renewable sources of energy have overtaken coal in terms of cumulative installed power capacity in the world. In 2015, an all-time record 153 gigawatts (GW) of capacity was added through renewables, with photovoltaic solar - which includes mini-grids and rooftop solar systems - accounting for nearly a third (49 GW) of the addition, according to the International Energy Agency. In other words, about half a million solar panels were installed every day around the world last year...That number is growing. In fact, global electricity capacity from renewable sources of energy is projected to increase by 42 percent, or 825 GW, by 2021, with solar power expected to play a major role in reaching that goal…” click here for more

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