Renewable energy to expand by 50% in next five years – report

Energy World | Oct 21, 2019 at 12:15 PM
  • Global supplies of renewable electricity are growing faster than expected and could expand by 50% in the next five years, powered by a resurgence in solar energy.
  • The Internataional Energy Agency (IEA) found that solar, wind and hydropower projects are rolling out at their fastest rate in four years.
  • Its latest report predicts that by 2024 a new dawn for cheap solar power could see the world’s solar capacity grow by 600GW, almost double the installed total electricity capacity of Japan.