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Renewable power on course to shatter more records as countries around the world speed up deployment - News - IEA

IEA · last updated

Renewable power on course to shatter more records as countries around the world speed up deployment - News - IEA
June 2023

Fuel report

Renewable Energy Market Update - June 2023

The key areas examined by the report include the latest data and analysis on renewable power capacity additions in 2022 – globally and for major markets – as well as forecasts for 2023 and 2024.

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Related Knowledge Center: ENERGY BASICS: renewables

State of Play

Renewable energy sources — once the fuel of the future, then practical in specific, narrow applications — are increasingly economic mainstream sources of power generation. Hydropower was long the mainstay of U.S. renewable electricity generation, although wind power surpassed hydro for the first time in 2019, and solar continues its rapid growth. The continued growth of wind and solar, with their fluctuations, is tied in part to improvements in storage technology: batteries.

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