IRENA: Renewables accounted for three quarters of new power capacity in 2019

Renewable electricity capacity growth slowed just a touch in 2019, yet still made up almost three quarters of all new power capacty that came into operation worldwide last year, according to the latest data released today by the International Renewable Energy Association (IRENA). The global renewable power sector added 176GW of new capacity in total last year – just fractionally down on the 179GW added in 2018 – as rapid growth in wind, solar, hydropower and other renewable power sources outpaced the fossil fuel sector by a factor of 2.6, according to IRENA.

Overall, renewables capacity expanded by 7.6 per cent in 2019, with solar and wind making up 90 per cent of new additions, and Asia again dominating the market with 54 per cent of global capacity growth last year.

But while renewables made up at least 70 per cent of new power generation added in most regions of the world last year, the proportion was lower in the Middle East and Africa at 52 per cent, where non-renewable generation is still playing a major role in economic growth. Moreover, while there was a net decommissioning of fossil fuel power capacity in Europe and North America, in Asia surging renewables additions were accompanied by a net growth in non-renewable power growth in 2019.

Source: Business Green

Author: Kirsi Seppänen