09 Jun '17, 10am

Another Record-Breaking Year for Renewable Energy! More renewable energy capacity for less money!

7 June 2017 – Today, REN21 published its Renewables 2017 Global Status Report , the most comprehensive annual overview of the state of renewable energy. Additions in installed renewable power capacity set new records in 2016, with 161 gigawatts installed, increasing total global capacity by almost 9 per cent over 2015, to nearly 2,017 gigawatts. Solar photovoltaic accounted for around 47 per cent of the capacity added, followed by wind power at 34 per cent and hydropower at 15.5 per cent. Renewables are becoming the least costly option. Recent deals in Denmark, Egypt, India, Mexico, Peru and the United Arab Emirates saw renewable electricity being delivered at $0.05 per kilowatt-hour or less. This is well below equivalent costs for fossil fuel and nuclear generating capacity in each of these countries. Winners of two recent auctions for offshore wind in Germany have done s...

Full article: http://www.unep.org/newscentre/another-record-breaking-ye...

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