Solar energy is fastest growing source of power

Posted: Updated:

PARIS (AP) - 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 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.

Copyright 2017 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

sorry to interrupt
your first 5 are free
Access to News 12 is free for Optimum, Comcast®, Time Warner® and Service ElectricSM customers.
Please enjoy 5 complimentary views of articles, photos, and videos during the next 30 days.
you have reached your 5 view limit
Access to News 12 is free for Optimum, Comcast®, Time Warner® and Service ElectricSM customers.
Please login, create an account or subscribe to continue enjoying News12.
Our sign-up page is undergoing maintenance and is not currently available. However, you will be given direct access to news12.com while we complete our upgrade.
When we are back up and running you will be prompted at that time to complete your sign in. Until then, enjoy the local news, weather, traffic and more that's "as local as local news gets."