IEA raises its five-year renewable growth forecast as 2015 marks record year

IEA raises its five-year renewable growth forecast as 2015 marks record year

The latest edition of the IEA’s Medium-Term Renewable Market Report now sees renewables growing 13% more between 2015 and 2021 than it did in last year’s forecast, due mostly to stronger policy backing in the United States, China, India and Mexico. Over the forecast period, costs are expected to drop by a quarter in solar PV and 15 percent for onshore wind.

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