By providing this information, you agree that IRENA may contact you from time to time, including to provide you with surveys. Learn the latest advances in solar, wind, bio, and geothermal power. Around 180 gigawatts (GW) of new renewable power capacity was added in 2018, which is the same level as the previous year, although the IEA’s estimate for 2019 suggests a resumption of robust growth in annual renewable additions. In the United States, wind and solar PV developers are rushing to complete projects before federal tax incentives end, while corporate power purchase agreements (PPAs) and state-level policies contribute to growth. China accounts for 40% of global renewable capacity expansion over the forecast period. The share of renewables in global heat increases by 60% and reaches nearly 940 Mtoe in 2040, thanks to substantial growth in the modern use of bioenergy (pellets in boilers and stoves, biogas and biomethane, biofuels), renewable electricity and also of solar thermal. IEA (2019), Renewables 2019, IEA, Paris https://www.iea.org/reports/renewables-2019. Find investors/fund a project (Marketplace), Measurement and estimation of off-grid solar hydro and biogas energy, Statistical Issues Bioenergy and Distributed Renewable Energy, Renewable Energy Statistics 2016: Latin America and the Caribbean, Capacity Needs Assessment for Renewable Energy Statistics. Offshore wind contributes 4% of the increase, with its capacity forecast to triple by 2024, stimulated by competitive auctions in the European Union and expanding markets in China and the United States. © 2011-2020 IRENA - International Renewable Energy Agency. However, biogas everywhere requires supportive policies if it is to be fully utilised. Distributed solar PV systems in homes, commercial buildings and industry are set to take off, bringing significant changes in power systems. In the Stated Policies Scenario, nearly 8 500 GW of new power capacity is added globally by 2040, of which two-thirds is renewables. Growth in output from solar PV, wind and hydro accounted for 90% of the increase. However, renewables’ share of global heat consumption increases only marginally, from 10% today to 12% in 2024. Renewable Energy Statistics 2019 provides data sets on power-generation capacity for 2009-2018, actual power generation for 2009-2017 and renewable energy balances for over 130 countries and areas for 2016-2017. Please be advised that accessing the documents that are available through this link is subject to the provision of certain information by you, which will be used by IRENA for internal analytical purposes. Clean Energy Ministerial Hydrogen Initiative, Clean Energy Transitions in Emerging Economies, Global Commission for Urgent Action on Energy Efficiency, Renewable electricity for heating and cooling, HVO a key driver for biofuel output growth. IRENA will make its best efforts to protect the confidentiality of this information, although does not warrant the confidentiality or security of such information. You can unsubscribe at any time by clicking the link at the bottom of any IEA newsletter. Renewables-based power investment declined slightly in 2018 around $390 billion yet a dollar of renewables spending continued to buy more generation capacity than in the past. It is a variable source of generation, but offshore wind offers considerably higher capacity factors than solar PV and onshore wind thanks to ever-larger turbines that tap higher and more reliable wind speeds farther away from shore. China is set to have the largest biofuel production growth of any country. You can unsubscribe at any time by clicking the link at the bottom of any IEA newsletter. An accompanying Renewable energy highlights brief notes major trends in the sector worldwide. Solar PV alone accounts for almost 60% of the expected growth, with onshore wind representing one-quarter. * The designations employed and the presentation of materials herein do not imply the expression of any opinion whatsoever on the part of the International Renewable Energy Agency concerning the legal status of any country, territory, city or area or of its authorities, or concerning the delimitation of its frontiers or boundaries. The yearbook also includes statistics on investments in renewables spanning 2009-2017, compiled from the OECD-DAC database and 20 major multi-lateral, bilateral and national development financial institutions. Becoming the world’s first climate-neutral continent by 2050 is the objective behind the European Green Deal (COM(2019) 640 final), the most ambitious package of measures that should enable European citizens and businesses to benefit from sustainable green transition.. For most countries and technologies, the data reflects the capacity installed and connected at the end of the calendar year. Total biofuel output is forecast to increase 25% by 2024. Bioenergy capacity grows as much as offshore wind, with the greatest expansions in China, India and the European Union.

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