Rise of Renewables

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Financial Post

“Renewable energy has come of age.”

That’s how Maria van der Hoeven, executive director of the International Energy Agency, explained to reporters last week why, for the first time in its history, the oil-focused IEA would be producing medium-term market reports on sources like solar, wind, biomass and other forms of non-hydrocarbon-based sources of power.

“Renewable energy has seen a huge expansion in the last decade and has increasingly become a part of the global energy mix, and today with the arrival of this report, renewable energy is taking its rightful seat at the table alongside the IEA’s medium-term market report for established fuels like coal, gas and oil,” Ms. Van der Hoeven said.

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