Growth of renewables 12% higher than last year's

Renewable forecast for 2017 is 12 per cent higher than last year, mostly due to upward revisions of solar PV in China and India

New solar PV capacity grew by 50 per cent in 2016, with China accounting for almost half of the global expansion, according to the International Energy Agency's latest renewables market analysis and forecast. For the first time, solar PV additions rose faster than any other fuel, surpassing the net growth in coal.
 

Boosted by a strong solar PV market, renewables accounted for almost two-thirds of net new power capacity around the world last year, with almost 165 gigawatts (GW) coming online, according to a report, Renewables 2017. Renewables will continue to have strong growth in coming years. By 2022, renewable