The International Energy Agency (IEA) says the fallout from Russia's war in Ukraine is accelerating the energy transition, prompting it to dramatically increase its estimate of growth in renewable power capacity this year. "We expect this year we will see again a huge growth in renewables, a 20% increase in renewables capacity — solar, wind and others — close to 400 GW of new capacity additions, " IEA Executive Director Fatih Birol said on Tuesday. "We have never seen this, " he told the Singapore International Energy Week conference.
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