While many companies continue to mull over the benefits of investing in renewable energy, a World Energy Council study shows its steady and continued growth worldwide.
"Renewable energy now accounts for more than 30% of the total global installed power generation capacity and 23% of total global electricity production."—and according to a Clean Technica article about the study, these numbers represent a “tipping point of grand energy transition.”
Also from the article:
“Specifically, over the last decade, wind and solar PV have seen a meteoric rise, representing 23% and 51% respectively in terms of average annual growth in installed capacity…”
“In 2015, a record $286 billion was invested into 154 GW of new renewable energy capacity—of which wind and solar PV accounted for 76% together.”
Contributing to these impressive increases is the fact that the amount of new renewable energy capacity exceeded the amount of new conventional generation capacity by quite a bit. Organizations across the world are moving to renewable energy in record numbers, fueled by benefits such as lower energy costs and a positive reflection on their brand.