Launch of the IEA’s Medium-Term Renewable
Launch: 2 October 2015
The Medium-Term Renewable Energy Market Report 2015 assesses market trends for renewables in the electricity, transport and heat sectors, identifying drivers and challenges to deployment, and making projections through 2020.
Renewable sources of energy now stand poised to lead the world in new electricity supply. Supported by policies aimed at enhancing energy security and sustainability, renewable power expanded at its fastest rate to date in 2014 and now represents more than 45% of overall supply additions. Deployment continues to shift towards energy-hungry emerging markets, and some countries, such as China and India, have bolstered ambitions. Moreover, sustained technology progress, expansion into newer markets with better resources, and improved financing conditions are facilitating more cost-effective deployment for the most dynamic technologies (solar photovoltaics and onshore wind). ….