Global Renewables: Solar installations grew faster than fossil fuels in 2017

SCATEC SOLARLast year, for the first time, global solar capacity grew faster than fossil fuels for the first time. Renewable energy accounted for three-fifths of total net power capacity growth in 2017.

Today, renewables now account for 12 percent of total electricity generation, double the share from 2010.

Costs for solar and wind are falling dramatically and are increasingly competitive with coal and gas in much of the world.

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