The Renewable Energy for the 21st Century group (REN21) produce invaluable annual overviews. Their annual renewables review for 2021 reports that renewables generating capacity is still growing globally, with hydro still leading at 1,170GW, PV solar coming next at 760GW, while wind is at 743GW. In terms of output, renewables now supply around 27% of global electricity and about 11.2% of total global energy. Renewable capacity is likely to continue to expand, given that costs are still falling. IRENA has noted that costs for electricity from utility-scale solar PV fell 85% in 2010-20 and, on the basis of its learning curve projections, it looks to continuing price falls for solar and to a lesser extent wind. However, that may not translate into significantly increased renewable shares in the overall mix. REN21 says that ‘despite tremendous growth in some renewable energy sectors, the share of renewables has increased only moderately each year’, which is it says is ‘du...
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