The share of wind and solar increased again in 2023 (+1.5 point in 2023), to 13.7% of the global power mix.
In 2023, global renewable installation reached new records, with 349 GW of new solar capacity (twice the 2022 installations) and 113 GW of new wind capacity. China accounted for over 60% of these renewable installations, with 217 GW of new solar capacity and 76 GW of new wind capacity, i.e., as much as the entire world in 2022. Renewable installations were also steady in the US, the EU, and India.
Globally, the share of wind and solar in power generation rose by 1.5 pt. in 2023 to nearly 14% (+11 pts. since 2010). It increased by 2.1 pts. to 15.5% in China and by 0.5 pt. to 15% in the US. In the EU, the share of wind and solar in the power mix grew by 4 pts. in 2023 to 27% (+21 pts. since 2010), with particularly high levels in the Netherlands (+9.2 pts. in 2023 to 41%), Germany (+7.7 pts. to 40%) and Denmark (+7 pts. to a record of 67%).
Outside these three main markets, wind and solar covered 34% of the UK’s power mix (+4.5 pts. in 2023), 21% in Türkiye (+1 pt.), 30% in Chile (+2.5 pts.), 20% in Brazil (+3.9 pts.), 27% in Australia (+3.4 pts.), and 13% in Japan (+0.9 pts.).
Wind and solar remain marginal in Africa (6%, including 9.3% in South Africa (+2.6 pts. in 2023)), in the CIS (1.3%, including less than 1% in Russia and 5% in Kazakhstan), and in the Middle East (2%, despite a rising renewable generation in the United Arab Emirates).
Our 2024 edition of Global Energy Trends presents insights on essential energy data and evaluates the COP28 pledge to determine if current trends support the tripling of renewable capacity and the doubling of energy efficiency by 2030.
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