"Renewables are now cost competitive with fossil fuels in many markets and are established around the world as mainstream sources of energy.

2015 was a year of firsts and high-profile agreements and announcements related to renewable energy. These include commitments by both the G7 and the G20 to accelerate access to renewable energy and to advance energy e‡iciency, and the United Nations General Assembly’s adoption of a dedicated Sustainable Development Goal on Sustainable Energy for All (SDG 7).

Rapid growth, particularly in the power sector, is driven by several factors, including the improving cost-competiveness of renewable technologies, dedicated policy initiatives, better access to financing, energy security and environmental concerns, growing demand for energy in developing and emerging economies, and the need for access to modern energy. Consequently, new markets for both centralised and distributed renewable energy are emerging in all regions."

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