Renewable Energy & Sustainability Heroes by GineersNow Engineering GineersNow Engineering Magazine Issue No. 017, Ren

2016 a Record Year for Renewables, Latest IRENA Data Reveals Solar outpaces wind for new power capacity Global renewable energy generation capacity increased by 161 gigawatts (GW) in 2016, making the strongest year ever for new capacity additions, according to data released by the International Renewable Energy Agency (IRENA). Renewable Energy Capacity Statistics 2017, estimates that by the end of last year the world’s renewable generation capacity reached 2,006 GW, with solar energy showing particularly strong growth. “We are witnessing an energy transformation taking hold around the world, and this is reflected in another year of record breaking additions in new renewable energy capacity,” said IRENA Director-General Adnan Z. Amin. “This growth in deployment emphasizes the increasingly strong business case for renewables which also have multiple socio-economic benefits in terms of fueling 46 Renewable Green Leaders • May 2017 economic growth, creating jobs and improving human welfare and the environment. But accelerating this momentum will require additional investment in order to move decisively towards decarbonising the energy sector and meet climate objectives. This new data is an encouraging sign that though there is much yet to do, we are on the right path,” Mr. Amin added. IRENA’s new data shows that last year’s additions grew the world’s renewable energy capacity by 8.7 per cent, with a record 71 GW of new solar energy leading the growth. 2016 marked the first time since 2013 that solar growth outpaced wind energy, which increased by 51 GW, while hydropower and bioenergy capacities increased 30 GW and 9 GW respectively —the best ever year for growth in bioenergy capacity. Geothermal energy

Renewable Energy & Sustainability Heroes by GineersNow Engineering GineersNow Engineering Magazine Issue No. 017, Ren | Page 48