For Greentech Media this week, I reviewed the new Medium-Term Renewable Energy Market Report 2013 from the International Energy Agency (IEA), and found a surprisingly bullish forecast for renewables, especially wind and solar. Most interesting are the phenomenal growth rates they project for the developing world.
And a lot of it will be deployed in developing countries.
The headline summary of the new Medium-Term Renewable Energy Market Report 2013from the International Energy Agency (IEA) has been well reported: Renewables will surpass natural gas for electricity generation globally by 2016, doubling nuclear output and coming in second only to coal in power generation.
Total renewable capacity is expected to grow from 1,580 gigawatts in 2012 to 2,350 GW in 2018, while renewable electricity generation grows from 4,860 terawatt-hours to 6,850 terawatt-hours. Renewable generation will be 50 percent greater over the six-year forecast period than it was over the six years from 2006 to 2012.
Written by Chris Nelder. To read the full article, click here