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Record Solar Power Capacity of the World in 2023
October 19 , 2024
35 days
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- In 2023, global renewable energy capacity reached 3.9 terawatts (TW), up from 3.86 TW in 2022.
- However, this falls short of the required compound annual growth rate of 16.4%, leaving a gap of 1.5 TW by 2030 if the current pace persists.
- A record 473 gigawatts (GW) of renewable power capacity was added globally in 2023.
- Solar PV continues to dominate, with 346.9 GW added in 2023, marking a 73% increase from 2022.
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