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Renewables grew at fastest rate in two decades last year, IEA says in new report

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Peter Cade | Stone | Getty Images

Renewable power generation grew at the fastest rate in two decades last year, and that growth is set to continue in the aftermath of the pandemic, according to a new report from the International Energy Agency.

IEA said policy decisions in China and the U.S., among other things, fueled the growth, counteracting the impact of supply chain disruptions from the coronavirus.

Renewable electricity added last year jumped 45% to 280 gigawatts (GW), marking the largest year-over-year increase since 1999.

The Paris-based agency envisions this rate of growth becoming the “new normal.” IEA sees 270 GW added in 2021, followed by 280 GW in 2022. These estimates are 25%…



Source cnbc.com

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