Solar PV, wind to lead the largest increase in new renewable capacity a year ever – IEA

Renewable power is on course to shatter more records, as countries around the world speed up deployment. With the global energy crisis as a catalyst, solar photovoltaic (PV) and wind are set to lead the largest yearly increase in new renewable capacity ever, the International Energy Agency’s (IEA’s) ‘Renewable Energy Market Update’ report shows. Global additions of renewable power capacity are expected to jump by one-third this year as growing policy momentum, higher fossil fuel prices and energy security concerns drive strong deployment of solar PV and wind power.