With 161 gigawatts of capacity added, 2016 was a record breaking year for renewables, study says

With 161 gigawatts of capacity added, 2016 was a record breaking year for renewables, study says

Last year saw 161 gigawatts (GW) of renewable power capacity installed, a new report from the Renewable Energy Policy Network for the 21st Century (REN21) says.

According to the Renewables 2017 Global Status Report, released on Wednesday, solar photovoltaic represented roughly 47 percent of capacity added, followed by wind power and hydro, which accounted for 34 and 15.5 percent respectively. Global capacity grew by nearly 9 percent compared to 2015, hitting almost 2,017 GW.

While the investment of $241.6 billion in renewable power and fuels – excluding hydropower projects bigger than 50 megawatts – was a 23 percent reduction compared to 2015, this decline “accompanied a record installation of renewable power capacity worldwide,” REN21 said. Read more

Credits:cnbc.com

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