Record 260 GW of New Capacity in 2020 ‘Marks Start of the Decade of Renewables’, IRENA Says
- Apr 7, 2021 5:27 am GMTApr 7, 2021 4:37 am GMT
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Renewable energy producers around the world installed a record 260 billion watts of new capacity last year, with China and the United States setting the pace, the International Renewable Energy Agency (IRENA) reports this week.
“Renewables—mostly in the form of wind and solar—accounted for 82% of new electricity installation in 2020, said Abu Dhabi-based IRENA,” writes Bloomberg Green. “China added 136 gigawatts, more than half the total and a similar amount to Spain’s overall power production.”
But there’s still “a huge amount to be done,” the Abu Dhabi-based agency said. Last month, IRENA called for a 10-fold increase in renewables development through 2050, equating to US$4.4 trillion in annual investment, to hit a 1.5°C target for average global warming.