IRENA publishes the 2024 Renewable Energy Capacity Statistics report. According to official data in the report, 345.5 GW of new solar capacity was added globally in 2023, with the increase of 32.2% from 2022. Last year, solar accounted for about 73% of total renewable energy installations, totaling 473 GW.

This data is very different from the data released by BloombergNEF in February. According to BloombergNEF, about 444 GW of new PV capacity was installed globally in 2023.

China is the main driver of this growth, with 216.9 GW of new solar capacity added last year. It accounted for nearly three-quarters of all new renewable energy and 63% of the new solar capacity, while Asia as a whole has 237.7 GW of installed capacity, IRENA said.

In 2023, the United States, Germany, and Brazil added 24.8 GW, 14.3 GW, and 11.9 GW of new solar capacity, respectively. However, IRENA said there was a risk of tripling renewable energy capacity to 11 TW by 2030 due to unevenly distributed global growth. To achieve this, IRENA says more equitable growth 2030 deployment target is needed.

Source：pvmagazine