/LONDON, December 16, 2021, 10:00 GMT, RENEWABLE MARKET WATCHTM/ The global renewable energy capacity growth is going to reach a new record level in 2021. Besides the new mutations of COVID-19, we were surprised by a spike in commodity prices, increased logistic cost and increased production cost of solar PV modules and wind turbines. However, according to the Renewable Market Watch, there was no power to stop renewables progress this year.
In 2021, the Renewable Market Watch™ supported several crucial renewable energy events and initiatives as SolarPower Summit 2021, The Business Booster 2021, The Green Hydrogen Manifesto, RE-Source 2021, Yes to 45% Renewable Energy Target in the European Union (EU) by 2030, RAWI FORUM 2021, Romanian Solar Summit 2021, and others.
By 2026, global renewable electricity capacity is forecast by IEA to rise more than 60% from 2020 levels to over 4 800 GW – equivalent to the current total global power capacity of fossil fuels and nuclear combined. Renewables are set to account for almost 95% of the increase in global power capacity through 2026, with solar PV alone providing more than half.
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Renewable Market Watch™ is delivering strategic insight into emerging renewable energy markets through its experienced research team and cutting edge predictive analytics data platform. We partner with our customers to provide research, data and consulting reports in areas appropriate to their specific requirements. Our primary focus is emerging renewable energy markets of the Asia Countries, Balkan countries, Central and Eastern Europe, CIS states (former the Soviet Union), LATAM countries and MENA countries. Our market reports are featured in reputable international media as Bloomberg, Yahoo Finance and others. For more information about Renewable Market Watch™ please visit: