09 Jul '12, 2pm

Stat of the Day: 40 Percent More Wind, Solar, Hydro and Biopower in 2017: The International Energy Agency (IEA...

Stat of the Day: 40 Percent More Wind, Solar, Hydro and Biopower in 2017: The International Energy Agency (IEA...

The International Energy Agency (IEA) , often skeptical about renewables in favor of fossil fuels, has just predicted a 40-plus percent increase in the world’s renewables-generated electricity over the next five years. The figure will go from 2011’s 4,540 terawatt-hours -- a rate that is itself 5.8 percent more than in 2010 -- to almost 6,400 terawatt-hours, a 5.8 percent annual growth rate over the five-year period. “From 2011 to 2017 renewable electricity generation should expand,” the IEA’s just-released Medium-Term Renewable Energy Market Report 2012 reported, “by 1,840 terawatt-hours, almost 60 percent higher than the 1,160 terawatt-hours growth registered over the 2005-11 period.” The increase will come as the result of a predicted addition by 2017 of 710 gigawatts of new renewables capacity. Two-thirds of the growth will come from countries outside the Organization ...

Full article: http://www.greentechmedia.com/articles/read/Stat-of-the-D...

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