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The international renewable energy agency (irena) is an intergovernmental organisation supporting countries in their transition to a sustainable energy future. Efforts to increase the sustainability of energy systems in europe are ongoing, with renewable energy targets set for all european countries and the goal of the european union (eu) members to become “the world number one in renewables. Irena publishes detailed statistics on renewable energy capacity, power generation and renewable energy balances.
Irena’s membership comprises 169 countries and the eu Europe has an abundance of renewable energy sources, and its countries in recent years have become leaders in driving the deployment of renewable technologies Based on a new, unique dataset from a global survey, this irena report presents unprecedented insights on the cost of capital for onshore wind, offshore wind and solar photovoltaic (pv) projects.
Irena’s 1.5°c scenario, set out in the world energy transitions outlook, presents a pathway to achieve the 1.5°c target by 2050, positioning electrification and efficiency as key transition drivers, enabled by renewable energy, clean hydrogen and sustainable biomass.
Data was obtained from various sources, including an irena questionnaire, official national statistics, industry association reports, consultant reports and news articles Major trends in the sector worldwide are outlined in the accompanying brief, renewable energy highlights.
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