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40% growth in global renewable energy generation forecast

Engineering News Online

5 July 2012:

The International Energy Agency (IEA) said on Thursday that global renewable power generation would increase by over 40% over the next five years, driven by growth in China.

In its first-ever renewable energy market report, the IEA stated that global power generation from hydropower, solar, wind and other renewable sources was projected to increase to almost 6 400 terawatt hours (TWh) – or roughly one-and-a-half times current electricity production in the US.

“Renewable electricity generation should expand by 1 840 TWh between 2011 and 2017, almost 60% above the 1 160 TWh growth registered between 2005 and 2011,” the report, which examined 15 key markets, stated. Read more…

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