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Renewable Power Growth to Plateau After Record Gain in 2020

  • Renewables will add 3% less capacity in 2021 than last year
  • Green power needs to grow faster to protect climate, IEA says
AES Tiete Solar Farm As Latin America Sets Record For Clean Energy Expansion
Photographer: Jonne Roriz/Bloomberg

Global renewable power capacity growth is set to slow this year after a record surge in 2020 as government support programs expire.

Developers will build nearly 270 gigawatts of new green power capacity this year, down about 3% from 2020, according to analysis from the International Energy Association. While still higher than pre-pandemic growth levels, green power will have to develop much faster to reach the world’s climate goals.