Renewables account for three quarters of new capacity in 2019: IRENA

New Delhi: The renewable energy sector added 176 gigawatts (GW) of producing capacity globally in 2019, marginally decrease than the 179 GW added in 2018.
However, new renewable power accounted for 72 per cent of all energy enlargement final 12 months, stated International Renewable Energy Agency‘s (IRENA) new knowledge on Monday.

IRENA’s annual Renewable Capacity Statistics 2020 reveals that renewables expanded by 7.6 per cent final 12 months with Asia dominating progress and accounting for 54 per cent of whole additions.

While enlargement of renewables slowed final 12 months, the full renewable energy progress outpaced fossil gasoline progress by an element of 2.6, persevering with the dominance of renewables in energy enlargement first established in 2012.

Solar and wind contributed 90 per cent of whole renewable capacity added in 2019.

“Renewable energy is a cost-effective source of new power that insulates power markets and consumers from volatility, supports economic stability and stimulates sustainable growth,” IRENA Director-General Francesco La Camera stated.

“With renewable additions offering the bulk of new capacity final 12 months, it’s clear that many nations and areas recognise the diploma to which the power transition can ship constructive outcomes.

“While the trajectory is positive, more is required to put global energy on a path with sustainable development and climate mitigation — both of which offer significant economic benefits,” stated La Camera.

“At this challenging time, we are reminded of the importance of building resilience into our economies. In what must be the decade of action, enabling policies are needed to increase investments and accelerate renewables adoption.”

Renewables accounted for at the least 70 per cent of whole capacity enlargement in nearly all areas in 2019, apart from in Africa and the Middle East, the place they represented 52 per cent and 26 per cent of internet additions respectively.

The additions took the renewable share of all world energy capacity to 34.7 per cent, up from 33.three per cent on the finish of 2018.

Non-renewable capacity enlargement globally adopted long-term developments in 2019, with internet progress in Asia, the Middle East and Africa, and internet decommissioning in Europe and North America.

Solar added 98 GW in 2019, 60 per cent of which was in Asia. Wind power expanded by near 60 GW led by progress in China (26 GW) and the US (9 GW).

The two applied sciences now generate 623 GW and 586 GW respectively — near half of world renewable capacity.

Hydropower, bioenergy, geothermal and marine energy displayed modest 12 months on 12 months enlargement of 12 GW, 6 GW, 700 MW and 500 MW respectively.

Asia was accountable for over half of new installations regardless of increasing at a barely slower tempo than in 2018.

Growth in Europe and North America elevated 12 months on 12 months. Africa added 2 GW of renewable capacity in 2019, half of the four GW it put in in 2018.

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