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Article Source: Reuters(Reuters) - Renewable energy technology is becoming increasingly cost competitive and growth rates are in line to meet levels required of a sustainable energy future, the International Energy Agency (IEA) said in a report on Wednesday.
By Henning Gloystein
Other renewable electricity technologies have grown by nearly 74 percent between 2005 and 2009, it said.
"Wind has grown most rapidly in absolute terms and has overtaken bioenergy. Solar has grown at a growth rate of 50.2 percent (CAGR), and installed capacity reached about 40 gigawatt (GW) by the end of 2010," the report said.
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