IEA says renewable energy to grow to new record in 2022

11/05/2022 Argaam

The world will set a new record for renewable power capacity this year, led by solar energy in China and Europe, but growth may lose steam in 2023, the International Energy Agency (IEA) said in a report today, May 11.

 

A record 295 gigawatts of new renewable power capacity was added in 2021 despite supply chain bottlenecks, construction delays and high raw material prices.

 

An additional 320 gigawatts is likely to be installed this year, equivalent to the entire electricity demand of Germany or the European Union's (EU) total electricity generation from natural gas.

 

Solar energy will account for 60% of renewable power growth this year, ahead of wind and hydropower.

 

The additional renewables capacity commissioned for 2022 and 2023 has the potential to significantly reduce the EU's dependence on Russian gas in the power sector.

 

"Energy market developments in recent months -- especially in Europe -- have proven once again the essential role of renewables in improving energy security, in addition to their well-established effectiveness at reducing emissions," IEA Executive Director Fatih Birol noted.

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Most Read