The forecast – a significant upwards revision of the The International Energy Agency’s (IEA) renewables projections last year – is largely driven by increasing expansion of solar energy in China and India, says the Paris-based organization.
Renewables accounted for almost two-thirds of net capacity additions in 2016, with almost 165 gigawatts (GW) coming online, the IEA adds.
A further 920GW of renewable capacity will be installed by 2022, according to its forecasts.
JOIN THE NEWSLETTER
Look forward to better solar industry news insights, commentary, research and blogs, straight to your email inbox