A report from the International Energy Agency finds high fossil fuel prices and booming solar power is boosting clean energy investment
The World Is Set For a Record Surge in Renewable Energy This Year
That’s about a third more than the world added the previous year, taking the global installed capacity to 4,500 GW, roughly the combined total power output of the United States and China combined, the Paris-based agency said. About two-thirds of this year’s increase in renewable power capacity will come from photovoltaic, with both large-scale solar farms and consumer rooftop installations seeing significant growth.But Birol cautioned that power grids must be upgraded and expanded to cope with the intermittent nature of solar and wind power, which requires a fundamentally different approach by network operators compared with existing coal, gas or nuclear plants.
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