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Forget King Coal. Solar Is ‘New King’ of Global Power Markets, Says IEA

GreenTechMedia

Solar's new status as the dominant leader of the power markets is not being driven by only a handful of markets, but rather is a global phenomenon on multiple continents, a development Birol calls “extremely impressive.” ” Hydropower will continue as the largest source of renewable power, according to the IEA.

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IEA: CO2 from global power generation set to plateau

Business Green

However, demand growth is expected to accelerate again to an average of over three per cent a year over the next three years, driven largely by emerging and developing economies in Asia, which the IEA predicts will make up around 70 per cent of rising demand.

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IRENA: Renewable energy generates half a million new jobs worldwide in 2019

Business Green

and hydropower employed around 1.95 Market leader Asia accounted for 63 per cent of the world's total renewable energy jobs in 2019, with China alone accounting for 38 per cent at 4.4 Around a third of the total renewable energy jobs were in the burgeoning solar sector at 3.8 Wind energy, meanwhile, accounted for 1.17 million workers.

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IRENA: Global renewables capacity grows a record 9.6 per cent

Business Green

The performance was driven by significant growth in Asia where 141GW of new capacity was added in China alone, helping to take Asia's total renewables capacity to 1.63TW of capacity. Moreover, Oceania saw 5.2GW of new capacity come online and South America continued an upward trend with 18.2GW of capacity added.

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