ADVERTISEMENT

One chart shows how solar energy growth is skyrocketing compared to predictions

Netherlands researcher Auke Hoekstra made this chart that shows most solar power market projections are often too conservative.

In early 2016, the International Energy Agency (IEA) projected that, starting that year, the world would add just 50 gigawatts of added solar energy capacity per year. And in 2017, solar's growth rate would level out and start to decline.

ADVERTISEMENT

But as one clean energy researcher points out, the IEA may have gotten it wrong about solar's potential for growth — not just this year, but every year since 2002.

The IEA publishes annual projections about the growth rate of solar energy in its World Energy Outlook.

FOLLOW BUSINESS INSIDER AFRICA

Unblock notifications in browser settings.
ADVERTISEMENT

Recommended articles

China dethrones USA as the most influential global power in Africa: Report

China dethrones USA as the most influential global power in Africa: Report

Major African economies expecting inflation ease into next year, except Nigeria

Major African economies expecting inflation ease into next year, except Nigeria

10 African countries with the lowest price changes in household commodities

10 African countries with the lowest price changes in household commodities

Dangote refinery outranks Europe's 10 largest refining facilities

Dangote refinery outranks Europe's 10 largest refining facilities

Africa may just have the lowest level of cyber threats compared to other regions

Africa may just have the lowest level of cyber threats compared to other regions

A look into Kenya’s Shs1.1 billion climate funding from the UK

A look into Kenya’s Shs1.1 billion climate funding from the UK

FCMB: A corporate journey of resilience, evolution, and growth

FCMB: A corporate journey of resilience, evolution, and growth

Congo is spending 22% of its scarce revenue on security - Minister

Congo is spending 22% of its scarce revenue on security - Minister

Another African country is set to get a Russian embassy

Another African country is set to get a Russian embassy

ADVERTISEMENT