Guardian Reports Half of all new Power Plants in 2014 were Renewable

Renewable energy accounted for almost half of all new power plants in 2014, representing a “clear sign that an energy transition is underway”, according to the International Energy Agency (IEA).

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Source: The Guardian

“The biggest story is in the case of renewables,” said IEA executive director, Fatih Birol. “It is no longer a niche. Renewable energy has become a mainstream fuel, as of now.” He said 60% of all new investment was going into renewables but warned that the $490bn of fossil fuel subsidies in 2014 meant there was not a “fair competition”.

For the entire story on The Guardian

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