Renewable energy capacity continues to expand as industries and governments seek alternatives to carbon fuel sources.
Renewables accounted for more than half of all new energy production capacity created worldwide in 2015, totalling a record 153 gigawatts (GW), according to the International Energy Agency (IEA). The year-on-year increase was 15%.
The creation of record-levels of renewable wind and solar photovoltaic production capacity totalling 66GW and 49GW, respectively, accounted for most of the growth, the IEA reported.
Electricity production capacity from renewables is set to surge by 42% or roughly 825GW by 2021, which is 13% higher than the IEA's previous forecasts last year.
Energy prices from renewables have plummeted by up to 94% during the past eight years thanks to "huge strides in research and investment," the IEA reported.
The renewable energy industry now employs more people on a per-unit electricity basis than the oil or gas industries, totalling more than one million workers.