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Economy

Asia leads the charge in growth of renewable energy

China and India are the key sites of growth

A panda-shaped solar plant built by Panda Green Energy Group in Shanxi Province was connected to the grid last year.   © Reuters

TOKYO -- In 2017, Asia accounted for nearly two-thirds of the worldwide increase in renewable energy generating capacity, according to a report published in April by the International Renewable Energy Agency.

As the economies of Asia develop, demand for energy is rising. Governments have focused more attention recently on renewable energy -- wind, solar, bioenergy, geothermal and hydropower -- due to concerns over security of supply, price volatility and environmental issues.

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