Renewables Growing So Fast the IEA Can’t Keep Up

The International Energy Agency had to revise it’s five year forecast because renewable energy grew even faster in 21015 than expected.

About half a million solar panels were installed every day around the world last year. In China, which accounted for about half the wind additions and 40% of all renewable capacity increases, two wind turbines were installed every hour in 2015.

This is all very good news, and somewhat under the radar.  The area that we think is growing fast is actually not. Despite the growing number of Priuses, Volts and Teslas on the roads here in the U.S., transportation fueled by renewables lags behind electricity generation and heating. Surprised me.  Hopefully innovation in battery technology that we know is coming will explode the international market for electric cars like wind and solar have exploded.

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