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China produced 31% of global renewable electricity, followed by the United States (11%), Brazil (6.4%), Canada (5.4%) and India (3.9%). [1] Renewable investment reached almost $500 billion globally in 2022, [2] amounting to 83% of new electric capacity that year. [3] The renewable energy industry employs almost 14 million people. [4]
English: This chart displays data on global renewable energy production for the year 2023. It highlights the top renewable energy producers in each continent and the percentage of renewable energy generated by each type of source: hydroelectric, solar power, wind power, geothermal energy, biomass and other.
Latvia's wind capacity grew by 75%, the largest percent increase in 2022. [3] In November 2018, wind power generation in Scotland was higher than the country's electricity consumption during the month. [5] Wind power's share of worldwide electricity usage in 2023 was 7.8%, up from 7.3% from the prior year.
In contrast, controllable renewable energy sources include dammed hydroelectricity, bioenergy, or geothermal power. Percentages of various types of sources in the top renewable energy-producing countries across each geographical region in 2023. Renewable energy systems have rapidly become more efficient and cheaper over the past 30 years. [3]
In 2022, the total global photovoltaic capacity increased by 228 GW, with a 24% growth year-on-year of new installations. As a result, the total global capacity exceeded 1,185 GW by the end of the year. [9] Asia was the biggest installer of solar in 2022, with 60% of new capacity and 60% of total capacity.
After global renewable energy capacity grew by 50% in 2023, the International Energy Agency (IEA) predicts the renewable energy industry will grow at its fastest pace ever over the next five years.
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