Topline Solar and wind power are set to overtake coal as the largest producer of global electricity by 2025, the International Energy Agency said in a report that forecasts a massive increase in renewable energy investment as the world’s largest countries move to reduce carbon emissions. Sunrise between wind turbines in the wind farm "Odervorland" in the district Oder-Spree, Germany. … [+] Wind and solar power are expected to lead the way in the increase of renewables, as investments continue to pour in and production costs remain cheap, with the IEA saying that in countries where “good resources and cheap financing” is available, wind and solar plants “will challenge existing fossil fuel plants.” Renewables have been “resilient” during the Covid-19 pandemic, the report notes, and “construction of plants and manufacturing activity ramped up again quickly” during the second half of 2020, with projects both planned and underway expected to bring a record expansion of renewable energy in 2021. India is forecast to be the biggest contributor, doubling its renewable additions in 2021, while wind and solar additions are expected to jump by 30% in both the U.S. and China. Policy changes, primarily in the European Union, aimed at “net-zero” […]


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