Global additions to renewable energy capacity are on track to surge to a record this year as growing energy-security worries and improving costs drive investments in green power.renewable electricity
“This unprecedented growth is being driven by expanding policy support, growing energy security concerns and improving competitiveness against fossil fuel alternatives,” the IEA said in its renewable energy market update. “These factors are outweighing rising interest rates, higher investment costs and persistent supply chain challenges.”Mytilineos SA, said it planned to spend $1.
The activity is being driven by several factors, including China’s target to get to net-zero emissions by 2060, continuous policy support for renewables and the large scale of its manufacturing industry for green technology.