Renewables Global Status Report

Transformation Continues Despite Economic Slowdown

This fourth edition of REN21’s renewable energy report comes in the midst of an historic and global economic crisis,” says Mohamed El-Ashry, chairman of REN21. Although the future is unclear, he says, “there is much in the report for optimism.”

Global power capacity from new renewable energy sources (excluding large hydro) reached 280,000 megawatts (MW) in 2008 – a 16 percent rise from the 240,000 MW in 2007 and nearly three times the capacity of the United States nuclear sector.

Solar heating capacity increased by 15 percent to 145 gigawatts-thermal (GWth), while biodiesel and ethanol production both increased by 34 percent. More renewable energy than conventional power capacity was added in both the European Union and United States for the first time ever.

“The recent growth of the sector has surpassed all predictions, even those made by the industry itself,” says El-Ashry, adding that much of this growth was due to more favourable policies amidst increasing concerns about climate change and energy security.

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