Renewable energy now forms one-third of the world’s total energy capacity, according to a new report by the International Renewable Energy Agency (IRENA).
The agency found that 171GW of renewable energy was added to the global system in 2018, with an annual increase of 7.9 percent. Two-thirds of new power generation capacity added in 2018 came from renewables.
Renewable energy now stands at 2,351GW, with hydropower having the largest share with 1,172GW. This is followed by wind with 564GW and solar with 480GW.
Solar saw the largest growth in 2018, with a capacity increase of 94GW.
Rainbow Rare Earths Ltd (LON:RBW) is a mining company focussed on production from, and expansion of, the high grade Gakara Rare Earth Project in Burundi, East Africa. With in-situ grades in the range of 47-67% Total Rare Earth Oxide (TREO), Gakara is one of the world’s richest rare earth deposits.