Energy

Renewable power installations set for record year: IEA

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Wind turbines and solar panels in Kayseri, Turkey.

temizyurek | E+ | Getty Images

The world is set to add nearly 290 gigawatts of renewable power capacity this year, according to the International Energy Agency, with the Paris-based organization expecting 2021 to “set a fresh all-time record for new installations.”

Published on Wednesday, the IEA’s Renewables Market Report forecasts that the planet’s renewable electricity capacity will jump to more than 4,800 GW by the year 2026, an increase of over 60% compared with 2020 levels.

Capacity refers to the maximum amount of energy that installations can produce, not what they’re necessarily generating.

China is set to be the main driver of…



Source cnbc.com

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