TNPSC Thervupettagam

2021 Renewable Energy Market Update

May 14 , 2021 1165 days 785 0
  • The International Energy Agency recently released the “2021 Renewable Energy Market Update”.
  • The Agency has increased its forecast for the global growth of solar energy and wind energy by 25%.
  • The report reveals that 280 GW of the renewable energy was installed in 2020.
  • This is 45% increase as compared to that of 2019.
  • This increase is the highest in last three decades.
  • The wind power increased by 90% and the solar power (Photo Voltaic) increased by 50%.
  • The Biofuel demand in 2020 decreased.

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