Exciting Data About Renewable Energy in 2021
In 2021, renewable energy sources have continued to see significant growth and adoption around the world. The following statistics highlight some of the exciting progress in the renewable energy sector:
- Renewable energy accounted for a record 26.2% of global electricity generation in 2020.
- Solar power capacity is expected to increase by 25% in 2021, with an estimated 181 gigawatts of new capacity added.
- Wind power is also set to see growth, with an expected 15% increase in global capacity in 2021.
- Renewable energy investments reached a new high in 2020, totaling $303.5 billion.
- The cost of renewable energy technologies, such as solar and wind, continues to decline, making them more competitive with traditional fossil fuels.
The exciting statistics regarding renewable energy in 2021 showcase the ongoing shift towards sustainable and clean energy sources. The record-breaking share of renewable energy in global electricity generation highlights the increasing importance of renewables in the energy mix.
Solar Power on the Rise
The anticipated 25% increase in solar power capacity in 2021 signifies the growing popularity and affordability of solar energy. With new installations adding significant capacity to the solar grid, more households and businesses are turning to solar as a reliable energy source.
Wind Energy Growth
Similarly, the projected 15% increase in global wind power capacity demonstrates the continued expansion of wind energy projects. Wind farms are being installed in various locations to harness the power of the wind and contribute to the renewable energy transition.
Investment in Renewable Energy
The record-high investments in renewable energy in 2020 indicate a strong commitment from governments, businesses, and individuals to support clean energy initiatives. The financial backing for renewable projects is crucial for accelerating the transition to a low-carbon future.
Cost Competitiveness of Renewables
The decreasing costs of solar, wind, and other renewable technologies make them economically viable alternatives to fossil fuels. As the cost of renewables continues to decline, they become more accessible to a wider range of consumers and industries, driving further adoption.
The exciting progress in renewable energy in 2021 paves the way for a more sustainable and environmentally friendly energy landscape. With ongoing advancements and increasing investments, the future of renewable energy looks bright.