A Record Breaking Year for Renewable Energy: New Installations, Policy Targets, Investment and Jobs
Today REN21 published the most comprehensive annual overview of the state of renewable energy. The Renewables 2016 Global Status Report reveals that renewables are now firmly established as competitive, mainstream sources of energy in many countries around the world.
2015 was a record year for renewable energy installations. Renewable power generating capacity saw its largest increase ever, with an estimated 147 gigawatts (GW) added. Modern renewable heat capacity also continued to rise, and renewables use expanded in the transport sector. Distributed renewable energy is advancing rapidly to close the gap between the energy haves- and have-nots.
These results were driven by several factors. First and foremost, renewables are now cost competitive with fossil fuels in many markets. ….