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Green energy: 90% growth of power capacity globally in 2020

Green energy: 90% growth of power capacity globally in 2020

As Michelle Lewis of Electrek writes, wind and solar power will more than double over the next five years, according to a recent International Energy Agency report.

The C3 Take
  • This shift, according to the IEA, has been accelerated by the pandemic.
  • China and the US contributed the most this year, while next year it is likely that the UK and India will be the biggest contributor to new energy generation through renewables.

“Renewable power is defying the difficulties caused by the pandemic, showing robust growth while other fuels struggle. The resilience and positive prospects of the sector are clearly reflected by continued strong appetite from investors — and the future looks even brighter with new capacity additions on course to set fresh records this year and next.”

Read the full article here.

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