Record Growth in Renewables, but Progress Needs to be Equitable
Power capacity additions reached a new benchmark of 473 gigawatts in 2023, but many countries are cut off from the benefits of energy transitions Abu Dhabi, United Arab Emirates, 27 March 2024 – Renewable Capacity Statistics 2024 released by the International Renewable Energy Agency (IRENA) today shows that 2023 set a new record in renewables deployment in the power sector by reaching a total capacity of 3 870 Gigawatts (GW) globally. Renewables accounted for 86% of capacity additions; however, this growth is unevenly distributed across the world, indicating a trend far from the tripling renewable power target by 2030. The 473 GW of
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