The forecast – a significant upwards revision of the IEA’s renewables projections last year – is largely driven by increasing expansion of solar energy in China and India, says the Paris-based organisation.
The global dynamics of renewables expansion will also shift over this five-year period, with capacity growth in India overtaking that of the EU for the first time.
Renewables accounted for almost two-thirds of net capacity additions in 2016, with almost 165 gigawatts (GW) coming online, the IEA adds. A further 920GW of renewable capacity will be installed by 2022, according to its forecasts.
Read more at IEA: Renewable Electricity Set to Grow 40% Globally by 2022
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