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Renewable energy surge of 50% driven by China, IEA says

  • The International Energy Agency announced that renewable energy capacity increased by 50% in 2023, with solar accounting for three-quarters of the additions worldwide.
  • China saw the largest growth in renewable energy capacity, installing as much solar as the entire world did the previous year. Wind power additions in China rose by 66% year-on-year.
  • The IEA predicts that global renewable capacity is set to increase by two-and-a-half times by 2030 under current policies and market conditions.
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The world installed 50% more renewable electrical capacity last year compared to 2022, according to a report published on Thursday by the International Energy Agency. Growth driven by China, marked in Europe and the United States, but which remains heterogeneous.

·Paris, France
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Forbes broke the news in United States on Thursday, January 11, 2024.
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