The world keeps installing renewable energy at record rates

Earther reports: The Trump administration may be doing everything in its power quell the tide of renewable energy, but the world is ready to ride the wave. According to a new report from the International Energy Agency (IEA), a combination of falling prices, rising investments and stronger government support outside the U.S. have sent solar and wind installations skyrocketing.

Last year, the IEA reports that more solar photovoltaic generating capacity was added to the globe’s energy mix than coal, gas or any other energy source. That strong growth helped ensure that renewables accounted for two-thirds of all capacity added to the world’s grid. That’s the equivalent of enough generating capacity to power 31 million American homes.

While fossil fuel plants continue to be added to the grid, they’re lagging behind wind and solar additions. Not only that, older coal and natural gas plants are being shuttered. The net result is that renewables now account for 24% of the world’s electricity generating capacity. [Continue reading…]

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