Changes

Renewables accounted for more than 50% of the world’s additional electricity capacity in 2015. Despite lower fossil fuel prices and thanks to government support, costs for wind and solar continue to fall.<ref>http://www.iea.org/bookshop/734-Medium-Term_Renewable_Energy_Market_Report_2016</ref>

Renewables accounted for more than 50% of the world’s additional electricity capacity in 2015. Despite lower fossil fuel prices and thanks to government support, costs for wind and solar continue to fall.<ref>http://www.iea.org/bookshop/734-Medium-Term_Renewable_Energy_Market_Report_2016</ref>

==2021 Update==

===2021 Update===

SolarPower Europe has predicted the volume of new PV capacity added this year will be 4% less than last year’s figure because of the Covid-19 crisis. At the end of 2019, the world had topped 630 GW of solar. For 2020, around 112 GW of new PV capacity is expected, and in 2021, newly installed capacity could be 149.9 GW if governments support renewables in their coronavirus economic recovery plans. <ref>https://www.pv-magazine.com/2020/06/16/global-solar-capacity-may-reach-1448-gw-in-2024/</ref>

SolarPower Europe has predicted the volume of new PV capacity added this year will be 4% less than last year’s figure because of the Covid-19 crisis. At the end of 2019, the world had topped 630 GW of solar. For 2020, around 112 GW of new PV capacity is expected, and in 2021, newly installed capacity could be 149.9 GW if governments support renewables in their coronavirus economic recovery plans. <ref>https://www.pv-magazine.com/2020/06/16/global-solar-capacity-may-reach-1448-gw-in-2024/</ref>