UN backed report shows record new global renewable power generating capacity added at lower cost

As clean technology costs continue to fall, the world added record levels of renewable energy capacity in 2016, at an investment level 23% lower than 2015, new UN-backed research shows.

Global Trends in Renewable Energy Investment 2017 finds that wind, solar and other renewables added 138.5 gigawatts to global power capacity in 2016, up 8 per cent from 2015. The added capacity roughly equals that of the world’s 16 largest existing power producing facilities combined.