RE to outstrip gas by 2016 – IEA

Renewables will be exceeding gas-fired stations like this, claims the IEA

Renewables will be exceeding gas-fired stations like this, claims the IEA

Renewables will outstrip gas in their share of global power generation by 2016, according to latest forecasts by the International Energy Agency (IEA).

The IEA says global renewable power generation is expected to grow by 40% over the next five years to 6,850TWh “despite a difficult economic context”.

Renewables are the fastest-growing power source and will account for almost a quarter of generation by 2018, claims the IEA.

The body’s latest Medium-Term Renewable Energy Market Report (MTRMR) predicts that as soon as 2016 renewable generation – including hydro – will exceed that from gas and be double that from nuclear.

The MTRMR, released today in New York, says the share of non-hydro renewables will double Log in to read complete article.

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