The world added greater than 260 GW of renewable power capability final yr, exceeding enlargement in 2019 by near 50%, regardless of the financial slowdown that resulted from the COVID-19 pandemic, in line with information from the International Renewable Energy Agency (IRENA).

IRENA’s annual Renewable Capacity Statistics 2021 exhibits that renewable power’s share of all new producing capability rose significantly for the second yr in a row. More than 80% of all new electrical energy capability added final yr was renewable, with photo voltaic and wind accounting for 91% of latest renewables. However, hydropower nonetheless accounts for the biggest share of renewables within the complete combine.

Renewables’ rising share of the whole is partly attributable to web decommissioning of fossil gas energy era in Europe, North America and for the primary time throughout Eurasia (Armenia, Azerbaijan, Georgia, Russian Federation and Turkey). Total fossil gas additions fell to 60 GW in 2020 from 64 GW the earlier yr.

“These numbers inform a outstanding story of resilience and hope. Despite the challenges and the uncertainty of 2020, renewable power emerged as a supply of simple optimism for a greater, extra equitable, resilient, clear and simply future,” stated IRENA Director-General Francesco La Camera. “The nice reset provided a second of reflection and probability to align our trajectory with the trail to inclusive prosperity, and there are indicators we’re greedy it.

“Despite the troublesome interval, as we predicted, 2020 marks the beginning of the last decade of renewables. Costs are falling, clear tech markets are rising and by no means earlier than have the advantages of the power transition been so clear. This pattern is unstoppable, however because the overview of our World Energy Transition Outlook highlights, there’s a big quantity to be carried out. Our 1.5 diploma outlook exhibits important deliberate power investments have to be redirected to assist the transition if we’re to attain 2050 objectives. In this crucial decade of motion, the worldwide neighborhood should look to this pattern as a supply of inspiration to go additional.”

The 10.three% rise in put in capability represents enlargement that beats long-term tendencies of extra modest development year-on-year. At the top of 2020, international renewable era capability amounted to 2,799 GW, with hydropower nonetheless accounting for the biggest share at 1,211 GW. Solar and wind dominated capability enlargement in 2020 with 127 GW and 111 GW of latest installations, respectively.

China and the U.S. had been the 2 excellent development markets from 2020. China added 136 GW final yr, with the majority coming from 72 GW of wind and 49 GW of photo voltaic. The U.S. put in 29 GW of renewables final yr, practically 80% greater than in 2019, together with 15 GW of photo voltaic and round 14 GW of wind. Africa continued to develop steadily with a rise of two.6 GW, barely greater than in 2019, whereas Oceania remained the quickest rising area (+18.four%), though its share of worldwide capability is small and nearly all enlargement occurred in Australia.

Growth in hydropower capability recovered in 2020, with the commissioning of a number of giant initiatives that had been delayed in 2019. China added 12 GW of capability, adopted by Turkey with 2.5 GW.

IRENA is an intergovernmental company for the worldwide power transformation that helps international locations of their transition to a sustainable power future and serves because the principal platform for worldwide co-operation, a middle of excellence, and a repository of coverage, know-how, useful resource and monetary information on renewable power.

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