IEA predicts another global renewable energy record

Wind Industry Profile of

Unprecedented growth in capacity additions is mainly driven by solar PV in China and Europe as renewables demonstrate their energy security benefits amid market turmoil

New capacity for generating electricity from solar, wind and other renewables increased to a record level worldwide in 2021 and will grow further this year as governments increasingly seek to take advantage of renewables’ energy security and climate benefits, according to the International Energy Agency. The world added a record 295 gigawatts of new renewable power capacity in 2021, overcoming supply chain challenges, construction delays and high raw material prices, according to the IEA’s latest ... More: Official Press Release IEA

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IEA, renewable energy, power, record, global, investment, costs, supply chain, bottleneck, market turmoil, capacity, energy security