Global additions of renewable power capacity are set to rise 50% by 2024, with 1,200 GW installed over the next six years, the International Energy Agency said Monday. The increase — equivalent to the US’s power generation capacity — is being driven by cost reductions and climate change policy, the agency said in its Renewables 2019 report. Solar accounts for 60% or almost 700 GW of the forecast additions as the global PV market is set for “spectacular growth”, the report said. Wind capacity is set to increase by 352 GW over the period, of which 44 GW would be offshore, it said. The IEA’s 2019 renewables outlook is 14% higher than its 2018 outlook for the six […]