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Global Renewable Energy Capacity Additions Jumped by Nearly 50% in 2023
Global renewable capacity installations surged by 50% in 2023, with China leading the way.
Renewable capacity growth in Europe, the United States, and Brazil hit all-time highs, but China outshined all with an “extraordinary” acceleration in installations, the agency noted. In June 2023, IEA Executive Director Fatih Birol said “This year, the world is set to add a record-breaking amount of renewables to electricity systems – more than the total power capacity of Germany and Spain combined.” “The new IEA report shows that under current policies and market conditions, global renewable capacity is already on course to increase by two-and-a-half times by 2030,” Birol said in a statement.
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