Renewables have surpassed coal last year to become the largest source of installed power capacity in the world

About 500,000 solar panels were installed every day last year as a record-shattering surge in green electricity saw renewables overtake coal as the world’s largest source of installed power capacity.

The International Energy Agency announced that it has significantly increased its five-year growth forecast for renewables thanks to strong policy support in key countries and sharp cost reductions. Even though coal is still the leader in the overall energy generation globally, the renewables have, for the first time, surpassed it in the installed power capacity. Solar and wind power are the two main technologies.

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