Renewable energy growth rate jumped 45% worldwide in 2020; IEA sees ‘new normal’

Despite pandemic-induced supply chain challenges and construction delays, renewable capacity additions in 2020 expanded by more than 45% from 2019, and broke another record.

An exceptional 90% rise in global wind capacity additions led the expansion. Also underpinning this record growth was the 23% expansion of new solar PV installations to almost 135 GW in 2020.

The exceptional level of renewable energy capacity additions is expected to be maintained, with 270 GW becoming operational in 2021 and 280 GW in 2022.

This expansion exceeds the record-level annual capacity additions of 2017-2019 by over 50%, such that renewables are expected to account for 90% of total global power capacity increases in both 2021 and 2022 which was 2019= 192GW and 2020= 278GW respectively.

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Source: norvanreports.com