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After a decade of substantially underestimating the projected growth of renewables, the world’s most prominent energy forecaster has decided to “significantly” raise its outlook for wind and solar installations. The International Energy Agency will finally boost its estimates for renewables growth when it publishes its annual mid-term market report for the industry at the end of October. The findings will feed into the World Energy Outlook report to be released in November, which is used by many forecasters as a starting point for trends in the industry. The IEA aims has been criticized for publishing highly conservative estimates that failed to predict the rapid growth of wind and solar as a source of electricity.

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– via Bloomberg News / Jessica Shankleman

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