China was the largest developer of renewable energy projects in 2015, accounting for almost 40 per cent of all the wind, solar, biopower and small hydro installations around the world.
New numbers from British-based research firm GlobalData show that China has become the largest installer of clean energy, with almost 45 gigawatts of renewable power projects added last year, out of 115 GW that started up worldwide.
One gigawatt is enough to power about 700,000 homes, so globally there was enough new renewable energy installed in 2015 to power about 80 million homes.
The head of GlobalData’s power practice, Ankit Mathur, said China’s renewable position has grown particularly strong in the solar sector, where it became the largest consumer of solar panels in 2014, passing both the United States and Japan. In 2015, China installed 18.4 GW of solar power, more than double the amount in Japan and the United States, where each had about 8 GW of new installations.
Around the world, there is now a total of about 914 GW of installed renewable energy capacity, GlobalData estimates, enough to power about 640 million homes. That’s up almost 15 per cent from 2014.
The total amount of renewable power is expected to grow to around 1,511 GW by 2020, a compound annual growth rate of 11.3 per cent over the next five years.
Already, there is more renewable electricity being added around the world, each year, than what is being added from new coal- and gas-fired projects, GlobalData said.
GlobalData did not break out Canadian numbers, but based on industry reports the domestic sector is also growing quickly.
The Canadian Wind Energy Association said 1,506 megawatts of new wind was added in Canada in 2015, the sixth highest installation rate in the world. For the fifth consecutive year, wind is the largest source of new electricity generation in the country, CanWEA said.
to read the full article.