Growth in global renewable energy capacity, despite COVID-19: Report Says

  • Apr 07, 2021
  • Energetica India

Despite COVID-19 pandemic, more than 260GW of renewable energy capacity added globally in 2020, beating previous record by almost 50% Global renewable energy capacity additions in 2020 beat earlier estimates and all previous records despite the economic slowdown that resulted from the COVID-19 pandemic. According to data released by the International Renewable Energy Agency (IRENA) the world added more than 260 gigawatts (GW) of renewable energy capacity last year, exceeding expansion in 2019 by close to 50 per cent.

It added that renewable energy’s share of all new generating capacity rose considerably for the second year in a row. Renewable generation capacity increased by 176 GW (+7.4%) in 2019. Solar energy continued to lead capacity expansion, with an increase of 98 GW (+20%), followed by wind energy with 59 GW (+10%). Hydropower capacity increased by 12 GW (+1%) and bioenergy by 6 GW (+5%). Geothermal energy increased by just under 700 MW.