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Generation of renewable energy set to increase in next 5 years

6/12/2021 at 6:09 PM

With the nations setting stricter climate policies with an aim to curb pollution, the construction of solar power plants and other sources of renewable power will rise over the next five years.

According to a report from the International Energy Agency, the new renewable electricity capacity will touch 290 gigawatts.

By 2026, global capacity from these carbon-free sources will rise more than 60% over last year’s levels, said the report.

That will add up to some 4,800 gigawatts, on par with all the world’s fossil-fuel and nuclear plants today.

The renewables will account for 95% of the overall capacity growth in the power sector over that period.

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