Renewable Energy Accelerates Meteoric Rise

2007 Global Status Report Shows Perceptions Lag Reality

REN21 Renewables 2007 Global Status Report

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Paris, 27 February 2008 – The renewable energy industry is stepping up its meteoric rise into the mainstream of the energy sector, according to the REN21 Renewables 2007 Global Status Report. Renewable energy production capacities are growing rapidly as a result of more countries enacting far-reaching policies.

Prepared by the Renewable Energy Network for the 21st Century (REN21) in collaboration with the Worldwatch Institute, the Renewables 2007 Global Status Report paints an encouraging picture of rapidly expanding renewable energy markets, policies, industries, and rural applications around the world. In 2007, global wind generating capacity is estimated to have increased 28 percent, while grid-connected solar photovoltaic (PV) capacity rose 52 percent.

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