Despite several headwinds for the renewable energy market caused by the pandemic, such as supply chain bottlenecks, material price hikes, and construction delays, the world added a record amount of new solar, wind, and other renewable capacity last year, said International Energy Agency (IEA).
According to a new report released by the agency, the world added 295 GW of additional renewable power capacity in 2021. China commissioned 134.8 GW last year, accounting for 46% of the world’s total. The European Union and the United State came in as the second and third largest market, having added 47 GW and 36.2 GW, respectively.
