Highlighting the continued progress toward the energy transition in the global power generation mix, this latest edition of Renewable capacity statisticsreaffirms renewables as the de-facto energy choice for new power generation, despite the effects ofrecent global crises and geopolitical shocks on the energy sector.
By the end of 2022, renewables accounted for 40%of global installed power capacity.Yet,as we draw closer to a world in which renewable energy accounts for half of total capacity, many energy planning questions must be addressed to establish renewables as the most significant source of electricity generation – including in the context of grid flexibility and adaptation to variable renewable power.
2022 has seen the largest increase in renewable energy capacity to date-the world added almost 295 gigawatts(GW)of renewables,increasing the stockof renewable power by 9.6% and contributing an unprecedented 83% of global power additions, largely due to the growth of solar and wind power, and the further decommissioning of fossil fuel power plants in several large economies. Solar power alone accounted for almost two-thirds of the renewableadditions with a record 192 GW,while 75 GW of wind energy was added, slowing from the 111 GW added in 2020.
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