Renewable power hits record in 2016: IEA

Renewable power hits record in 2016: IEA

It is the first time that solar energy growth surpasses any other fuel as a source of power.

The IEA predicts that in the next five years, growth in renewable generation will be twice as large as that of gas and coal combined.

Previous year was the first time solar energy growth had surpassed any other fuel as a source of power, the report said, surpassing the net growth in coal.

The US is the second largest market for renewables, but there is uncertainty in the future over federal tax reforms, global trade and energy policy, the report said.

"Solar PV is entering a new era", said an ebullient IEA in its report.

While China today is far and away the global leader in solar generation, a decade ago, the country had just 100 megawatts of solar photovoltaic (PV) capacity installed.

While Ontario's decision to scrap the LRP program is a minor setback in the near-term, analysts say that tightening environmental policy in Canada and elsewhere will regardless continue to drive rapid growth in renewable energy supplies like wind and solar.

Man Arrested In Edmonton Terror Attack
A few hours later, a rented U-Haul van was stopped at an impaired driving check stop north of the city in the province of Alberta. In 2015, investigators from the Royal Canadian Mounted Police received a note about a young man sharing extremist views.

Dr Fatih Birol, executive director of the IEA, said: "We see renewables growing by about 1,000 gigawatts by 2022, which equals about half of the current global capacity in coal power, which took 80 years to build". They along with China are projected to make up two-thirds of the clean-energy expansion worldwide.

The IEA put much of the solar surge down to a large reduction in the cost of deployment and increased support from governments.

By 2022, China is predicted to produce over 360 GW of green energy, representing 40 percent of the world's total output, according to the report.

The influential Paris-based agency said its recent outlook for Canadian renewables was "less optimistic" than its 2016 projection due to "recent changes in auctions schemes in Ontario and Quebec".

IEA also said that in spite of rapidly rising sales of electric vehicles (EV), the share of renewables in road transport will likely rise only slightly to 4.5% in 2022 from over 4% in 2016. But even considering the explosive growth of solar and wind, coal will remain the largest source of electricity under the current scenario. By the end of 2016, China had increased its solar PV capacity by almost 800 times, with more than 77 gigawatts now installed.

By 2022, India, the world's second-most populous country, is expected to more than double its renewable electricity capacity, according to the IEA.

Related Articles