Planet, Natural Capital & The Environment

Renewable energy now accounts for one – third of global capacity

Responsible Business | Apr 09, 2019

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The global installed capacity of renewable energy grew by nearly 8 per cent last year as clean energy sources grew to account for a third of all generation worldwide, according to new statistics from the International Renewable Energy Agency.

Solar and wind accounted for the vast majority of the growth, with Asia responsible for more than 60 per cent of new renewable energy installations, IRENA said.

“Through its compelling business case, renewable energy has established itself as the technology of choice for new power generation capacity,” said IRENA director-general Adnan Z. Amin. “The strong growth in 2018 continues the remarkable trend of the last five years, which reflects an ongoing shift towards renewable power as the driver of global energy transformation.”

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