Global renewables capacity grew by 10% last year

Alina Oprea
Global renewable energy capacity grew by 9.6% last year but needs to grow by three times the current rate to limit global warming, according to the International Renewable Energy Agency (IRENA). IRENA's annual report on renewable energy statistics said global renewable energy capacity amounted to 3,372 gigawatts (GW) at the end of last year, some 295 GW or 9.6% higher than the previous year.

Some 83% of all new power capacity last year was from renewables.

"This continued record growth shows the resilience of renewable energy amidst the lingering energy crisis. But annual additions of renewable power capacity must grow three times the current level by 2030 if we want to stay on a pathway limiting global warming to 1.5C", IRENA's Director General Francesco La Camera said.

Solar and wind energy dominated the renewable capacity expansion, jointly accounting for 90% of all net renewable additions in 2022, the report said.

Almost half of the new capacity was added in Asia. China was the largest contributor, adding 141 GW to Asia's new capacity.

Renewables in Europe and North America grew by 57.3 GW and 29.1 GW respectively, while the Middle East recorded its highest increase in renewables on record, with 3.2 GW of new capacity commissioned in 2022, an increase of 12.8% from the previous year.

RECOMMENDED
WPD to build wind farm in Iasi County
Energy

WPD to build wind farm in Iasi County

WPD, a developer of wind projects in Europe, intends to build a wind farm in Iași County, according to data from the national energy carrier, Transelectrica.

Metigla installs PV panels on roof of Ceptura factory
Energy

Metigla installs PV panels on roof of Ceptura factory

Metigla, the company that offers complete solutions for metal coverings and closures, has installed photovoltaic panels on the roof of the Ceptura factory and is reducing its energy consumption from the grid by 70%.

E.ON complets new PV plant for Printmasters
Energy

E.ON complets new PV plant for Printmasters

E.ON Energie Romania has completed the construction and installation of a photovoltaic energy generation system for the Printmasters company, from Maramureş County, as part of a partnership concluded this year.

RECOMMENDED FROM THE HOME PAGE
Microsoft hits 100% renewable energy target five years early
Energy

Microsoft hits 100% renewable energy target five years early

Microsoft has achieved its goal of matching 100% of its annual global electricity consumption with renewable energy, reaching the milestone five years ahead of its 2025 target. The achievement supports the company's commitment to become carbon negative by 2030.

Real estate

How is EU real estate navigating the CSRD changes? Take our survey

The recent weakening of the CSRD may have some real estate developers cheering the compliance rollbacks, but the consequences could be complicated. A new research survey examines how EU real estate firms are navigating changes to the CSRD, and what that could mean for upcoming SFDR revisions.

Energy

Waldevar Energy builds utility-scale PV parks in Romania

Waldevar Energy has begun construction on two utility-scale photovoltaic parks for Doral Energy in Tudor Vladimirescu (Brăila County) and Ștefan Vodă (Călărași County), Romania. The projects will deliver 14 MWp of installed capacity using around 25,000 photovoltaic panels.

Industry

Lidl Romania exceeds 2030 sustainability targets early

Lidl Romania has published its eighth sustainability report for the 2024 financial year, announcing accelerated progress in reducing environmental impact. The retailer has achieved its international 2030 target for transitioning to natural refrigerants, with these now used in 100% of logistics centres and 81.7% of stores, compared to the original goal of 100% of logistics centres and 40% of stores. The company has also increased its green energy usage to 80% of total consumption.

READ MORE
Green Forum  |  19 February, 2026 at 10:24 AM
Green Forum  |  5 February, 2026 at 11:47 PM