- The Energy Mix - https://theenergymix.com -

Renewables Add 59% of New Electricity Capacity in 2014

Ben_Kerckx / Pixabay

Ben_Kerckx [2] / Pixabay

New renewable energy installations added 135 GW (135 million kilowatts) to the world’s electricity capacity in 2014, representing 59% of new installed capacity, the International Renewable Energy Agency reported in its REN 21 Renewables Global Status Report 2015 (GSR).

“Total installed renewable energy capacity is now 1,712 GW, up 8.5% from 2013,” Renewable Energy World reports. “This equates to around 27.7% of the total global generating capacity, enough to supply an estimated 22.8% of global electricity, with hydropower alone providing about 16.6%.”

Like this story? Subscribe to The Energy Mix and never miss an edition of our free e-digest.

Of the 135 GW of new capacity, 128 came from solar, wind, and hydro.

IRENA echoes the International Energy Agency’s report last March [4] that energy-related greenhouse gas emissions had decoupled from economic growth for the first time in 40 years. Emissions held steady in 2014, even though energy use grew 1.5% and global GDP expanded 3%.

“This encouraging trend is due to the remarkable success of renewables,” said Alexander Ochs, director of the Worldwatch Institute’s climate and energy program. “It should energize all efforts to make the important climate summit in Paris in the end of this year a success story, as well.”

REN 21 “concludes that in many countries renewables are broadly competitive with conventional energy sources,” Appleyard writes. “Indeed, in many nations renewables already contribute significant proportion of supply. For example, in 2014 wind power met 39.1% of electricity demand in Denmark, 27% in Portugal, and 21% in Nicaragua, while solar PV met an estimated 7.9% of electricity demand in Italy, 7.6% in Greece, and 7% in Germany.”