Power Generation. Installed Capacity *Annual per capita water availability for 2025 and 2050 is based on Water and Related Statistics - 2021, published by the Central Water Commission, Govt. of India *Evaluation of Forest land is
The data basis. This first version of the annual analysis considers all electricity generation data from the Leipzig power exchange EEX and the European Network of Transmission System Operators for Electricity
In the main case forecast in this report, almost 3 700 GW of new renewable capacity comes online over the 2023‑2028 period, driven by supportive policies in more than 130 countries. Solar PV and wind will account for 95% of global
Global Electricity Review 2024. Renewables generated a record 30% of global electricity in 2023, driven by growth in solar and wind. With record construction of solar and wind in 2023, a new era of falling fossil generation is
Data on renewable power capacity represents the maximum net generating capacity of power plants and other installations that use renewable energy sources to produce electricity. For most countries and technologies, the data reflects the capacity installed and connected at the end of the calendar year.
The share of solar PV and wind in global electricity generation is forecast to double to 25% in 2028 in our main case. This rapid expansion in the next five years will have implications for power systems worldwide.
Global solar PV investments in capacity additions increased by over 20% in 2022 and surpassed USD 320 billion, marking another record year. Solar PV comprised almost 45% of total global electricity generation investment in 2022, triple the spending on all fossil fuel technologies collectively.
Globally, solar PV alone accounted for three-quarters of renewable capacity additions worldwide. Prior to the COP28 climate change conference in Dubai, the International Energy Agency (IEA) urged governments to support five pillars for action by 2030, among them the goal of tripling global renewable power capacity.
The current manufacturing capacity under construction indicates that the global supply of solar PV will reach 1 100 GW at the end of 2024, with potential output expected to be three times the current forecast for demand.
In 2028, renewable energy sources account for over 42% of global electricity generation, with the share of wind and solar PV doubling to 25%. IEA. Licence: CC BY 4.0 China accounts for almost 60% of new renewable capacity expected to become operational globally by 2028.
