The International Energy Agency (IEA) forecasts that new renewable energy capacity worldwide will be of almost 200 GW in 2020, which represents a new record. Only 10% of new power capacity will not be renewable this year, according to the report Renewables 2020.

The IEA emphasizes the decline of oil, gas and coal in the context of the Covid 19 crisis.

Solar energy will be again the most installed energy source in the world. New solar capacity will reach 107 GW in IEA’s main scenario this year and, for 2021, the agency forecasts 117 GW in the main scenario, which represents almost a 10% growth.

Afterwards, the IEA expects solar energy additions to accelerate. Besides government support, such as auctions, the IEA underlines the contribution of market drivers such as corporate PPAs and bilateral contracts.

Renewable energy will keep growing over the next years. The agency forecasts that the share of renewable energy in the world electricity mix will reach one third in 2025. In 2020, renewable energy will make around 7% of the world power mix.

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