The Paris-based agency says it has significantly increased its five-year growth forecast for renewables thanks to strong policy support in key countries and sharp cost reductions.

The latest edition of the IEA's Medium-Term Renewable Market Report now sees renewables growing 13% more between the end of 2015 and the beginning of 2021 than it did in last year's forecast, mainly due to stronger policy backing in the US, China, India and Mexico.

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