There is some relief around the corner for German residents, with the green 'EEG' levy on electricity set to be slashed. However, it may make little difference to bills.
IEA Copy to clipboard A quick look back at 2020
Despite pandemic-induced supply chain challenges and construction delays, renewable capacity additions in 2020 expanded by more than 45% from 2019, and broke another record. An exceptional 90% rise in global wind capacity additions led the expansion. Also underpinning this record growth was the 23% expansion of new solar PV installations to almost 135 GW in 2020.
Policy deadlines in China, the United States and Viet Nam spurred an unprecedented boom in renewable capacity additions in 2020. China alone was responsible for over 80% of the increase in annual installations from 2019 to 2020, as onshore wind and solar PV projects contracted under China’s former FIT scheme, and those awarded in previous central or provincial competitive auctions, had to be connected to the grid by the end of 2020. In the United States, wind power developers rushed to complete their projects before expiration of the production tax credit (P
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