World added more solar capacity than net fossil fuel capacity in 2017

Enlarge / WUHAN, CHINA – APRIL 27: Workers from Wuhan Guangsheng Photovoltaic Company install solar panels on the roof of a building on April 27, 2017 in Wuhan, China. (Photo by Kevin Frayer/Getty Images) (credit: Getty Images)

To say 2017 was a good year for solar panels is a bit of an understatement. According to a report from the Frankfurt School of Finance and Management, last year more solar capacity was installed around the world than net coal, gas, and nuclear plant capacity combined.

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Solar’s total came to 98 gigawatts (GW) of capacity versus 73 GW of net fossil fuel capacity added (that is, additional fossil fuel capacity adjusted for fossil fuel plant retirements). That’s great for solar, but it also shows we’re nowhere close to breaking our addiction to fossil fuels. The world added 67 GW of coal plant capacity in 2017, but 32 GW were retired, leaving a net 35 GW of coal capacity added. For gas-fired plants, gross additions totaled 54 GW, and 16 GW were retired, leaving a net addition of 38 GW.

The numbers come from Bloomberg New Energy Finance’s database. The company partnered with the Frankfurt School and the United Nations Environmental Programme to complete the 86-page analysis of 2017’s energy landscape.

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Post Author: martin

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Martin is an enthusiastic programmer, a webdeveloper and a young entrepreneur. He is intereted into computers for a long time. In the age of 10 he has programmed his first website and since then he has been working on web technologies until now. He is the Founder and Editor-in-Chief of BriefNews.eu and PCHealthBoost.info Online Magazines. His colleagues appreciate him as a passionate workhorse, a fan of new technologies, an eternal optimist and a dreamer, but especially the soul of the team for whom he can do anything in the world.

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