Renewables account for nearly three quarters of new global power capacity

Renewable energy accounted for 72% of new generating capacity worldwide in 2019, according to latest figures from the International Renewable Energy Agency (IRENA).

IRENA’s Renewable Capacity Statistics 2020 shows that renewable energy capacity expanded by 7.6% last year with Asia dominating growth and accounting for 54% of total additions.

In total, the renewable energy sector added 176GW of generating capacity globally in last year, marginally lower than the revised 179GW added in 2018. The additions took the renewable share of all global power capacity to 34.7%, up from 33.3% at the end of 2018.

“With renewable additions providing the majority of new capacity last year, it is clear that many countries and regions recognise the degree to which the energy transition can deliver positive outcomes,” said IRENA director-general Francesco La Camera.

“At this challenging time, we are reminded of the importance of building resilience into our economies. In what must be the decade of action, enabling policies are needed to increase investments and accelerate renewables adoption,” he added.

Of the total renewable capacity added in 2019, solar and wind contributed 90%, with solar growing by 98GW and wind adding close to 60GW. Solar and wind now generate close to half of world-wide renewables capacity.

@RGNonline