IEA: Record renewables growth predicted despite high commodity prices

By renewableenergyworldcontentteam The world’s capacity to generate electricity from renewable technologies is on course to accelerate, with 2021 expected to set a fresh all-time record for new installations.

This is according to the latest report released by the International Energy Agency (IEA), which emphasizes that despite rising costs for key materials used to make solar panels and wind turbines, additions of new renewable power capacity this year are forecast to rise to 290GW in 2021.

The report expects record growth for renewables to take place despite today’s high commodity and transport prices.

However, should commodity prices remain high through the end of next year, the

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