IEA to Lift Solar, Wind Outlook After Decade of Underestimates

15 Oct 2016   Solar, Wind

The world’s most prominent energy forecaster will raise its outlook for wind and solar installations following a decade of underestimating growth in the renewables industry. The International Energy Agency, which was established as a watchdog of the industry in the wake of the 1973 oil crisis, will “significantly” raise its estimates for renewables when it publishes its annual mid-term market report for the industry at the end of this month, a spokesman for Paris-based organization said. The findings will feed into the World Energy Outlook report due in November, which is used by many forecasters as a starting point for trends in the industry. Although the IEA aims to provide its 29 member-nations impartial advice, it’s been criticized for publishing conservative estimates that failed to predict the rapid growth of wind and solar farms as a source of electricity. “The IEA has significantly raised its estimates for the deployment […]

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