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Source: Pixabay

Renewable Energy Sees Global Surge As More Companies Commit To 100% Renewables

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The Renewable Energy Policy Network for the 21st Century, also known as REN21, released their 2017 Global Status Report on June 7th. It shows how renewable energy is growing throughout the world with upgraded capacity and a variety of nations and businesses opting to convert to 100 percent renewable sources. However, the report also suggests that the movement needs to happen at a faster rate.

2016 saw the birth of 161 gigawatts worth of renewable power added throughout the world. That’s a nine percent increase from the prior year, and most of that is due to how rapidly solar panel technology has fallen. Nearly half of the additions came from solar generation (47 percent). Wind generation came at 34 percent and hydropower at 15.5 percent. Electricity costs are as low as $0.03 per kilowatt-hour in countries like Argentina, Jordan, and the United Arab Emirates.