IEA Predicts Spectacular Solar Growth By 2024

The International Energy Agency expects to see “spectacular” growth in new solar power capacity additions in the period to 2024, which will highlight overall strong growth in renewable energy. In its latest annual Renewables report, the agency said total new renewable energy additions would shoot up by 50 percent in the five-year period, or some 1,200 GW. The drivers behind this development would be falling production costs and government support. Solar alone could reach a global capacity of more than 600 GW by 2024, according to the…