May 19

Renewable Energy to Grow to New Record in 2022: International Energy Agency

Paris, France: The world will set a new record for renewable power capacity this year led by solar energy in China and Europe, but growth could lose steam in 2023, the International Energy Agency said Wednesday.

A record 295 gigawatts of new renewable power capacity was added in 2021 despite supply chain bottlenecks, construction delays and high prices of raw materials, the IEA said in a report.
An additional 320 gigawatts is expected to be installed this year, equivalent to the entire electricity demand of Germany or the European Union’s total electricity generation from natural gas.
Photo courtesy of Usukhbayar Gankhuyag.

Source: Forbes India (link opens in a new window)

global development, renewable energy