iea

The IEA has released a paper signalling that Ireland has the highest electricity demand growth rate in the EU with solar capacity growing.

The International Energy Agency’s (IEAs) recent World Energy Outlook (WEO) report identified the potential for strong solar photovoltaic (PV) growth this year which will help bend the “emissions curve onto a path consistent with 1.5 °C.”

Reports from over the weekend have indicated that Rishi Sunak could be set to restrict the installation of solar panels on British land due to food security.

In a report published today (1 June), the International Energy Agency (IEA) revealed that global renewable electricity capacity additions are set to rise by 107GW (the largest ever increase) to 440GW in 2023 with solar photovoltaics (PV) accounting for two-thirds of this growth.

The latest episode of the Solar Media Podcast, sponsored by Honeywell, is now available to stream featuring discussion around recent scrutiny on solar supply chains.

Last year, renewable capacity additions were up by 45% globally to almost 280GW, according to the International Energy Agency (IEA).

Solar is expected to account for 60% of new renewable capacity additions by 2025 as it records stable growth in 2020.

The International Energy Agency (IEA) has described solar as the “new king” of the the world’s electricity markets as the technology is set to smash deployment records.

Cost-efficiency gains will continue despite claims that solar development would be set back by the COVID-19 pandemic, says thinktank IEEFA.

Despite proving more resilient than fossil fuels, investment in renewables looks set to be heavily hit by COVID-19 as investment in the energy sector plunges to lowest level in history.