Renewables

Global Renewable Installations Reach 161 GW in 2016

By Editors of Power Engineering

A record 161 GW of renewable energy was installed across the globe in 2016, according to the Renewables 2017 Global Status Report released by the Renewable Energy Policy Network for the 21st Century.

That total increased global capacity nine percent to nearly 2,017 GW.

Solar saw the most growth at 47 percent of the new capacity, followed by wind at 34 percent and hydropower at 15.5 percent.

The report indicated renewable energy deals in Denmark, Egypt, India, Mexico and Peru and the United Arab Emirates delivered electricity at five cents per KW/h or less, well below equivalent costs of coal, gas and nuclear.

Global carbon dioxide emissions from electrical generation remained stable for the third year in a row.

Additionally, 0.8 GW of energy storage capacity came online, bringing the global total to 6.4 GW.