Biggest World New Energy Jump Since 1999

Global renewable energy grew at fastest pace in two decades in 2020 – IEA

Nina Chestney, May 10, 2021 (Reuters)

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 an International Energy Agency (IEA) report, new] renewable energy capacity in 2020 rose by 45% to 280 gigawatts (GW) last year, the largest year-on-year increase since 1999, even though there were supply chain disruptions and construction delays due to the impact of COVID-19…

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China accounted for 50% of renewable energy capacity growth last year and will account for 45% this year and 58% in 2022…Globally, around 270 GW of new capacity is forecast to be added this year and nearly 280 GW in 2022…[In 2020,] governments have auctioned record amounts of renewable energy and companies have signed a record number of power purchase agreements…

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…[There were auctions of] 75 GW of offshore and onshore wind, solar photovoltaic and bioenergy capacity last year, up 20% from 2019…[But stopping the climate crisis will require governments] to set policies to encourage more investment in solar and wind and the additional grid infrastructure they will require, as well as other renewable technologies such as bioenergy and geothermal…” click here for more

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