Record 9.6% Global New Energy Growth in 2022

Record Growth in Renewables Achieved Despite Energy Crisis; Expansion of renewable power generation in 2022 confirms upward trend of renewables against declining new fossil fuel capacity

21 March 2023 (International Renewable Energy Agency)

“By the end of 2022, global renewable generation capacity amounted to 3372 Gigawatt (GW), growing the stock of renewable power by a record 295 GW or by 9.6 per cent. An impressive 83 per cent of all power capacity added last year was produced by renewables. Renewable Capacity Statistics 2023…[and] renewable energy continues to grow at record levels despite global uncertainties, confirming the downward trend of fossil fueled power generation…

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While many countries increased their renewable capacity in 2022, the significant growth of renewables is persistently concentrated in a few countries and regions like Asia, the USA and Europe…[A]lmost half of all new capacity in 2022 was added in Asia…China was the biggest contributor, adding 141 GW to the continent’s new capacity…

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Renewables in Europe and North America grew by 57.3 GW and 29.1 GW respectively…[Africa added] 2.7 GW, slightly above last year…[Oceania continued its double-digit growth with] 5.2 GW…[South America had] a capacity expansion of 18.2 GW. The Middle East recorded its highest increase in renewables on record, with 3.2 GW…an increase of 12.8 per cent…Although hydropower accounted for the largest share of the global total renewable generation capacity with 1250 GW, solar and wind…contributed 90 per cent to the share of all new renewable capacity in 2022…” click here for more

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