140GW of new solar and wind capacity were installed in 2018

More than 140 gigawatts of solar and wind generation capacity were added globally last year as solar PV consolidated its role as the growth engine of the renewables market, new figures from the International Renewable Energy Agency show.

Among renewable technologies, wind remains second only to hydropower in its installed base, with 564 gigawatts in operation compared to solar’s 480 gigawatts, IRENA said. But the solar market is now regularly lapping wind on the global stage, with solar installations hitting a record 94 gigawatts last year, IRENA said, in spite of a policy-induced slowdown in the critical Chinese market.

The global wind market has been flat in recent years, holding steady around 50 gigawatts of new installations in 2018.


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