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Renewable Energy Accounted for 70% of Net Additions to Global Power Capacity in 2017

7/30/2018

 
In 2017, renewable energy accounted for approximately 70% of net additions to global power generation capacity due in large part to the cost competitiveness of solar PV and wind, according to REN21's Renewables 2018 Global Status Report (GSR). Significantly, the world added more solar PV capacity than net additions of fossil fuels and nuclear power combined. ​

Global solar PV capacity increased by 98 gigawatts (GW) to 402 GW, an increase of approximately 33%, and ​global wind power capacity increased by 52 GW to 539 GW, an increase of approximately 11%. 

In 2017, 179 countries had national, state, and/or provincial renewable energy targets, and 57 countries had a 100% renewable electricity target at the national or subnational level. 

Multiple electricity systems are successfully integrating high penetrations of variable renewable energy such as solar and wind without affecting grid stability. Five countries generated more than 20% of their electricity from wind and solar in 2017: Denmark, Uruguay, Germany, Ireland, Portugal, and Spain (see graph below). 

Links to the full GSR report, highlights, and infographics are available here.
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