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services such as engineering, design, installation, and operations and maintenance along with the sale of their goods. Key Findings and Observations Renewable energy is growing rapidly, particularly wind and solar. Global renewable energy capacity is growing quickly; it is estimated to have more than doubled to 653 gigawatts (GW) between 2007 and 2012 (figure ES.1).1 Solar energy was the fastest-growing renewable energy, fueled by growth in solar installations in Europe (primarily in Germany, Italy, and Spain), China, and the United States. These five countries collectively accounted for nearly two-thirds (421 GW) of total global renewable energy capacity in 2012. FIGURE ES.1 Global renewable energy capacity by source, 2007–12 700 600 500 400 300 200 100 0 Source: Bloomberg New EnergyFinance database. Geothermal Biomass & waste Small hydropower Solar Wind Capacity (GW) 2007 2008 2009 2010 2011 2012 Notes: Small hydropower refers to hydropower sources with generating capacities equal to or less than 50 MW. While includedinthe overallglobalrenewableenergycapacityfigures,the total capacitydata for marineenergyinstallationsare too small relative to the other technologies represented here to appear in the figure. Total U.S. renewable energy capacity nearly doubled during 2007–12 to 110 GW (figure ES.2). Further, over the same period annual installations of renewable energy capacity more than tripled, rising to 17 GW in 2012. These installations accounted for the largest source of capacity growth among all energy sources. Wind energy accounted for over half of U.S. renewable energy capacity in 2012, up from about 30 percent in 2007. In fact, new U.S. wind energy capacity topped 13 GW in 2012, or almost 80 percent of total new renewable energy installations that year. 1 Excludes hydropower sources with generating capacities greater than 50 megawatts (MW). For more information on definitional issues related to renewable hydropower, see chapter 5 of this report. xivPDF Image | Renewable Energy and Related Services: Recent Developments
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