"Chart: The World Is Building Renewable Energy Faster Than Ever Before"

"Renewable energy installations jumped nearly 50% last year, the most rapid growth rate in two decades."

"Renewable energy didn’t just grow last year — it expanded at a pace not seen in years.

An estimated 507 gigawatts of renewable electricity were added to grids around the world in 2023 — a new record, and an almost 50 percent year-over-year increase from 2022. That’s the fastest growth rate renewable additions have seen in over two decades.

Solar — both utility-scale and rooftop — is the undisputed leader when it comes to new generation. Over 370 gigawatts of solar power were installed around the world in 2023, equal to about three-quarters of the new renewable energy built last year, according to the latest report by the International Energy Agency.

From a geographic perspective, China continues to far outpace every other country; it built as much new solar capacity last year as the entire world did in 2022. That blistering growth is expected to continue in the years to come, with the European Union and the United States trailing behind as the second- and third-largest growth regions for renewables."

Maria Virginia Olano reports for Canary Media January 19, 2024.


Source: Canary Media, 01/22/2024