IEA sees renewable energy growth accelerating over next 5 years

Well the IAE have been busy of late and lets hope the powers at be are reading / listening and taking notice.  We can see here a potential for rapid acceleration in renwables and linked to loud ''noises'' from CBI can the ''royal we'' not just embrace and give us all clearer direction - It has been stated on so many occasions the time for debate is surly over and now it is time to capitalise on what to date has simply been a good start.

Renewable power generation is expected to continue its rapid growth over the next five years, according to a new report from the International Energy Agency (IEA) that acknowledges the coming-of-age of the renewable energy sector. The report says that despite economic uncertainties in many countries, global power generation from hydropower, solar, wind and other renewable sources is projected to increase by more than 40% to almost 6 400 terawatt hours (TWh) – or roughly one-and-a-half times current electricity production in the United States.

This growth is underpinned by the maturing of a portfolio of renewable energy technologies, in large part due to supportive policy and market frameworks in OECD countries. However, rapidly increasing electricity demand and energy security needs in recent years have been spurring deployment in many emerging markets – both large and small. These new deployment opportunities are creating a virtuous cycle of improved global competition and cost reductions.