Subscribe to our free daily newsletters
  Solar Energy News  

Subscribe to our free daily newsletters

Renewables posted record growth rate in 2015: IRENA
by Staff Writers
Abu Dhabi (AFP) April 7, 2016

Renewable energy capacity grew worldwide by a record 8.3 percent in 2015, according to a report published Thursday by a global green energy organisation.

"As of the end of 2015, 1,985 (gigawatts) GW of renewable generation capacity existed globally," the International Renewable Energy Agency said in a statement.

The report from the Abu Dhabi-based organisation described an increase of 152 GW last year as "the highest annual growth rate on record," with wind and solar energy driving the hike "due in large part to a continued decline in technology costs."

"Renewable energy deployment continues to surge in markets around the globe, even in an era of low oil and gas prices," said IRENA Director General Adnan Amin.

"Falling costs for renewable energy technologies, and a host of economic, social and environmental drivers are favouring renewables over conventional power sources," he said.

Wind power capacity grew by 17 percent, or 63 GW, "driven by declines in onshore turbine prices of up to 45 percent since 2010," said the report.

Solar power capacity rose by 37 percent, or 47 GW, after prices of solar modules fell.

However, hydropower capacity increased only by three percent, while bioenergy and geothermal energy capacity increased by five percent each.

"This impressive growth, coupled with a record $286 billion invested in renewables in 2015, sends a strong signal to investors and policymakers that renewable energy is now the preferred option for new power generation capacity around the world," said Amin.

The fastest growth in renewable energy capacity was registered in developing countries, led by Central America and the Caribbean, where it increased 14.5 percent.

In Asia, renewable power generation capacity expanded at a rate of 12.4 percent, well ahead of North America and Europe where growth was at 6.3 percent and 5.2 percent respectively.

Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.

SpaceDaily Contributor
$5 Billed Once

credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly

paypal only


Related Links
All About Solar Energy at

Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks DiggDigg RedditReddit GoogleGoogle

Previous Report
Sunlight can be used to produce chemicals and energy
Copenhagen, Denmark (SPX) Apr 07, 2016
Researchers at the University of Copenhagen have discovered a natural process they describe as reverse photosynthesis. In the process, the energy in solar rays breaks down, rather than builds plant material, as is the case with photosynthesis. The sunlight is collected by chlorophyll, the same molecule as used in photosynthesis. Combined with a specific enzyme the energy of sunlight now br ... read more

Penn chemists lay groundwork for countless new, cleaner uses of methane

Dung, offal make clean gas at Costa Rica slaughterhouse

ORNL invents tougher plastic with 50 percent renewable content

The flexible way to greater energy yield

Gestures improve communication - even with robots

Robot Technology Set to Invade Earth

Moving microswimmers with tiny swirling flows

No plans for killer US military robots... yet

Wind energy growing, IEA report finds

RWE making bold moves in Scottish renewables

Momentum building behind U.S. wind energy

Developing nations became top investors in renewables in 2015: UN

Self-drive trucks 'future of Europe's busy highways'

Tesla unveils cheaper model aimed at mass market

US sues Volkswagen for deceptive 'clean diesel' campaign

Newest Tesla electric will aim at middle market

Argonne continues to pave way for improved battery performance testing

Superconductivity seen in a new light

Flat boron is a superconductor

Hybrid system could cut coal-plant emissions in half

Japan's only working nuclear reactors can stay online

South Africa's nuclear procurement process stalled indefinitely

UK-US nuke waste deal to help fight cancer

Rosatom to offer seawater desalination tech to Latin America

Study shows best way to reduce energy consumption

Four killed at anti-China power plant protest in Bangladesh

US tech giants file brief in favor of Obama 'clean power' plan

Human impact forms 'striking new pattern' in Earth's global energy flow

Massive deforestation found in Brazil's Cerrado

Maximum sentences for killers of Costa Rica environmentalist

Massive deforestation discovered in Brazil's Cerrado region

Desert mangroves are major source of carbon storage

Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News

The content herein, unless otherwise known to be public domain, are Copyright 1995-2017 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement