Among the most transformative events of the current decade has been the dramatic, and sustained, improvement in the competitiveness of renewable power generation technologies. Support policies for solar and wind power technologies are driving a virtuous circle of technology improvements, falling costs and continued growth in new markets. In 2015, more renewable energy capacity was added to the global energy mix than in previous years, including 47GW of solar photovoltaic (PV) and 63GW of onshore wind.
Michael Taylor is the senior analyst leading IRENA’s analysis of renewable technologies costs and performance.
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