Solar energy is fastest growing source of power | SunStar

Solar energy is fastest growing source of power

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Solar energy is fastest growing source of power

Wednesday, October 04, 2017

MISAMIS ORIENTAL. Solar panels capture energy inside the 12.5 MW Kirahon Solar Farm located in Villanueva, Misamis Oriental, Philippines. The solar farm, which began operations in October 2015, was developed in joint partnership with Solar Pacific Energy Corporation and Mindanao Energy Systems Inc. and operates under a bilateral 25-year Power Supply Agreement between Kirahon Solar and Cagayan Electric Power & Light Company. (Contributed photo)

PARIS -- A report shows that solar energy was the fastest-growing source of power last year, accounting for almost two-thirds of net new capacity globally.

The International Energy Agency (IEA) said Wednesday that the rise was due to a boom in photovoltaic panel installations, particularly in China, thanks to a drop in costs and greater support from governments.

It is the first time that solar energy growth surpasses any other fuel as a source of power. Coal in particular had continued to grow in recent years despite global targets to reduce carbon emissions.

The IEA said solar panels capacity grew 50 percent last year, with China accounting for almost half the expansion. The country has become a leader in renewable energy production, with the United States the second-largest market. (AP)

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