According to the International Energy Agency, renewable energy accounted for two-thirds of new power added to the world’s grids in 2016. Of all renewable sources, the group found solar technology led the way and even surpassed the net growth of coal, formerly the world’s largest source of new power.
The findings are exemplary of solar’s mammoth growth, as both domestic and commercial spaces are now converting to solar energy in a bid to go green and save themselves money in the long-run.
Government policies, as well as the continued fall in cost, contributed to solar’s popularity.
Solar Power Set to Dominate the Market
Further predictions from the IEA show that solar energy will continue to dominate the renewable market – to such a degree that, in five year’s time, the global capacity will be greater than the current combined power capacity of India and Japan.
Executive Director of the IEA, Dr. Fatih Birol, said:
“What we are witnessing is the birth of a new era in solar photovoltaics (PV). We expect that solar PV capacity growth will be higher than any other renewable technology up to 2022.”
Renewable energy remains at the forefront of our efforts to be greener, and as long as information is made more available to homeowners and businesses, the interest around solar energy will remain.
Interested in getting involved with renewable energy?
Visit our blog for more information around solar energy, and how our panels can help you do your bit for the planet (and save you money).
You can also contact us for a quote – it takes as little as 30 seconds to get an idea of premium, and five minutes to arrange an installation.