Wind and solar power enjoy a decade of massive growth: World Energy Council
Renewable sources of power including hydroelectric and solar represent around 30 percent of the world’s total capacity and 23 percent of total global electricity production, according to a new report from the World Energy Council (WEC).
In a news release, WEC said that in the last 10 years wind and solar power had seen “explosive average annual growth” of 23 percent and 50 percent.
The report also said that $286 billion was invested in 154 gigawatts of “new renewables capacity” in 2015, with China’s spending on renewable sources representing 36 percent of global investments.
“The success of both the development of intermittent renewables and their efficient integration in electricity systems fundamentally depends on the right market design and regulatory framework and solid regional planning to avoid bottlenecks,” Christoph Frei, secretary general of the WEC, said in a statement.