Global Organization
It said global renewable capacity additions are set to soar by 107 GW to more than 440 GW in 2023 – the largest absolute increase ever. Solar will remain the main source of global renewable capacity expansion in 2023, accounting for 65% of growth or 286 GW, with distributed generation applications accounting for almost half of the expansion.
Globally, solar PV alone accounted for three-quarters of renewable capacity additions worldwide. Prior to the COP28 climate change conference in Dubai, the International Energy Agency (IEA) urged governments to support five pillars for action by 2030, among them the goal of tripling global renewable power capacity.
Investments are needed in power grids, generation, flexibility and storage. The pathway towards tripled renewable power capacity by 2030 requires a strengthening of institutions, policies and skills. Technology highlights: Solar energy: solar photovoltaics increased by 345.5 GW last year, while concentrated solar power increased by 0.3 GW.
While the increases in renewable capacity in Europe, the United States and Brazil hit all-time highs, China’s acceleration was extraordinary. In 2023, China commissioned as much solar PV as the entire world did in 2022, while its wind additions also grew by 66% year-on-year.
Solar capacity first surpassed wind in 2022, and the gap has grown significantly larger, thanks to the massive expansion of distributed solar. Nearly half of the distributed solar added in 2023 was installed on residential rooftops, largely driven by China’s “ whole county solar ” model.
Create a free IEA account to download our reports or subcribe to a paid service. Global annual renewable capacity additions increased by almost 50% to nearly 510 gigawatts (GW) in 2023, the fastest growth rate in the past two decades. This is the 22nd year in a row that renewable capacity additions set a new record.
The world''s capacity to generate renewable electricity is expanding faster than at any time in the last three decades, giving it a real chance of achieving the goal of tripling …
power generation; with solar power taking the lead as one of the main contributors. Generation of clean and reliable power in Sri Lanka with the projected target of ''as much as possible'' or a …
With average annual additions of 551 GW of solar PV and 329 GW of wind power to 2030, solar PV and wind power would dominate annual power generation capacity additions this decade. …
Solar will remain the main source of global renewable capacity expansion in 2023, accounting for 65% of growth or 286 GW, with distributed generation applications …
Purpose of Review As the renewable energy share grows towards CO2 emission reduction by 2050 and decarbonized society, it is crucial to evaluate and analyze the …
China more than doubled solar capacity in 2023, and wind power capacity …
NHPC plans to develop a massive 1,200 MW solar power project in Jalaun, Uttar Pradesh, with a projected investment of Rs 796.96 crore. ... LONGi Unveils Next-Generation …
Wind power was once again the most important source of electricity in 2023, contributing 139.8 terawatt hours (TWh) or 32% to public net electricity generation. This was …
Solar Power Development Project; 11. SOLOMON ISLANDS ELECTRICITY ACCESS AND RENEWABLE ENERGY EXPANSION (EAREEP) PROJECT (PHASE II) ... The Power plant''s …
In 2023, an estimated 96% of newly installed, utility-scale solar PV and onshore wind capacity had lower generation costs than new coal and natural gas plants. In addition, three-quarters of new …
China added almost twice as much utility-scale solar and wind power capacity in 2023 than in any other year. By the first quarter of 2024, China''s total utility-scale solar and wind capacity reached 758 GW, though …
New solar capacity added between now and 2030 will account for 80% of the growth in renewable power globally by the end of this decade. Adoption accelerates due to declining costs, shorter permitting timelines and …
The pathway towards tripled renewable power capacity by 2030 requires a strengthening of institutions, policies and skills. Technology highlights: Solar energy: solar …
Solar capacity first surpassed wind in 2022, and the gap has grown significantly larger, thanks to the massive expansion of distributed solar. Nearly half of the distributed solar …
In 2023, an estimated 96% of newly installed, utility-scale solar PV and onshore wind capacity …
Further, solar energy sector in India has emerged as a significant player in the grid connected power generation capacity over the years. It supports the government agenda of sustainable …
New solar capacity added between now and 2030 will account for 80% of the growth in renewable power globally ... The forecast sees the rate of global wind capacity expansion doubling …
Solar power, with minimal greenhouse gas emissions, helps reduce India''s carbon footprint significantly. Ground-mounted solar installations alone account for 66.07 GW …
China more than doubled solar capacity in 2023, and wind power capacity rose by 66 percent from a year earlier, the IEA said. The agency said that under current market …
Solar PV is set to be the driving force behind the world''s rapid expansion of renewable power capacity installations in the coming decade, with solar set to account for 80% …
Solar PV is set to be the driving force behind the world''s rapid expansion of renewable power capacity installations in the coming decade, with solar set to account for 80% of the 5,500GW...
New solar capacity added between now and 2030 will account for 80% of the growth in renewable power globally by the end of this decade. Adoption accelerates due to declining costs, shorter …
The 4th Phase of the solar park, with a capacity of 950 MW and investments amounting to AED 15.78 billion according to the IPP model, is the largest single-site project in the world that combines Concentrated Solar Power (CSP) and …
The cumulative installed solar PV capacity of the EU-27 Member States reached 269 GW at the end of 2023. It has multiplied over 2.500 times since the beginning of the millennium, when the …