The International Renewable Energy Agency (IRENA) has set out to produce comprehensive, reliable data sets on renewable energy capacity and use worldwide. The Renewable Energy Statistics 2018 yearbook shows data sets on renewable power-generation capacity for 2008-2017, renewable power generation for 2008-2016 and renewable energy balances for about 120 countries and areas for 2015 and 2016.

A report published by the Institute for Energy Economics and Financial Analysis describes how solar energy is accelerating the transformation of the global electricity-generation sector through gains in technology innovation and price deflation.

The International Renewable Energy Agency (IRENA) produces comprehensive renewable energy statistics on a range of topics. This publication presents renewable power generation capacity statistics for the last decade (2008-2017) in trilingual tables. Renewable power generation capacity is measured as the maximum net generating capacity of power plants and other installations that use renewable energy sources to produce electricity. For most countries and technologies, the data reflects the capacity installed and connected at the end of the calendar year.

Renewable energy has emerged as an increasingly competitive way to meet new power generation needs.

The International Renewable Energy Agency (IRENA) has set out to produce comprehensive, reliable data sets on renewable energy capacity and use worldwide. The Renewable Energy Statistics 2017 yearbook shows data sets on renewable power-generation capacity for 2007-2016, renewable power generation for 2007-2015 and renewable energy balances for about 100 countries and areas for 2014 and 2015. Further, it features statistics on investments in renewable energy from 18 major multi-lateral, bilateral and national development financial institutions, presented for the period 2009-2015.

India's targets of 175 GW of renewable energy capacity by 2022, and 40% generation capacity from non-fossil fuel sources by 2030 will require a rapid and dramatic increase in solar and wind capacity deployment and overcoming its associated economic, siting, and power system challenges.

The International Renewable Energy Agency (IRENA) has set out to produce comprehensive, reliable data sets on renewable energy capacity and use worldwide. The 2016 Renewable Energy Statistics Yearbook shows data sets on renewable power-generation capacity for 2006-2015, renewable power generation for 2006-2014 and renewable energy balances for 100 countries and areas for 2013 and 2014. Further, it features statistics on investments in renewable energies from 18 major multi-lateral, bilateral and national development financial institutions presented for the period 2009-2014.

Increasing economies of scale, more competitive supply chains and further technological improvements will continue reducing the costs of solar and wind power. The same factors will also boost the availability of these key renewable power sources at night and in varying weather conditions.

Meeting the rising energy demands of a growing world population presents an ideal opportunity to make technology choices that take into account, and to the extent possible, mitigate negative impacts on climate, environment and human health.

New solar, wind and hydropower sources were added in 2015 at the fastest rate the world has yet seen, a study says. Investments in renewables during the year were more than double the amount spent on new coal and gas-fired power plants, the Renewables Global Status Report found.

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