The global energy crisis “turbocharged” renewable energy growth

Recently installed solar panels at the Defence School of Transport on September 29th, 2021, in Leconfield, England.Right now, there’s “unprecedented momentum behind renewables,” the International Energy Agency. Renewable power growth has been “turbocharged” by countries scrambling to tackle a global energy crisis spurred on by war in Ukraine, according to new analysis from the agency.

Renewables will make up a whopping 90 percent of electricity capacity expansion in that five-year span, according to a newby the International Energy Agency . By 2025, renewable energy is expected to topple coal to become the world’s biggest electricity source. Solar and wind power make up the vast majority of that expansion. Solar capacity is set to nearly triple, while wind capacity almost doubles by 2027, thanks in part to falling prices. New large-scale solar and onshore wind farms are now the“An extraordinary new phase of even faster growth”

All in all, over five years, global renewable power capacity is forecast to grow by 2,400 gigawatts — a huge amount roughly equivalent to the power capacity of China.

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