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IEA says renewable power installations are set for a record year, warns of net-zero uncertainty [MSNBC.com]

SolarEdge Technologies, Inc. (SEDG) 
Last solaredge technologies, inc. earnings: 2/19 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.solaredge.com
Company Research Source: MSNBC.com
Wind turbines and solar panels in Kayseri, Turkey.temizyurek | E+ | Getty ImagesThe world is set to add nearly 290 gigawatts of renewable power capacity this year, according to the International Agency, with the Paris-based organization expecting 2021 to "set a fresh all-time record for new installations."Published on Wednesday, the IEA's Renewables Market Report forecasts that the planet's renewable electricity capacity will jump to more than 4,800 GW by the year 2026, an increase of over 60% compared to levels in 2020.Capacity refers to the maximum amount of energy that installations can produce, not what they're necessarily generating.China is set to be the main driver of renewable capacity growth over the coming years, according to the IEA, with Europe, the U.S. and India following on behind.Looking at the bigger picture, the IEA said renewables were expected to account for "almost 95% of the increase in global power capacity through 2026.""We have revised up our forecast from a Show less Read more
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