Wednesday, 23 November 2016
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Renewable energy represented more than half of all new power capacity in 2015, reaching a record 153 GW – 15% more than the previous year. Wind turbine power is projected to supply up to 20% of global electricity by 2030. Most of the gains were driven by record-level wind additions of 66GW and solar photovoltaic (PV) installations of 49GW. The International Energy Agency (IEA) projects global renewable electricity capacity will grow by 42%; around 825GW by 2021. That's up 13% from the IEA's projections in 2015.
Around year 2030-2035, variable renewables will become the largest source of generation in the four largest power markets; the European Union, China, United States and India, according to a scenario in WEO-2016, released by the IEA in London 16. November.
In the WEO-2016 report, the “450 Scenario” sets out an energy pathw...