'New global energy economy': How renewables capacity additions are set to rise by a third in 2023

Cecilia Keating
clock • 5 min read
Solar PV is expected to account for two-thirds of renewable power installed this year | Credit: iStock
Image:

Solar PV is expected to account for two-thirds of renewable power installed this year | Credit: iStock

Clean energy boom in China and policies enacted in wake of energy crisis are expected to send renewable power records tumbling over the next two years, according to the IEA

The world is on track to grow its renewable power capacity by a third this year, driven by a solar and wind development boom in China and a concerted push by governments worldwide to reduce their dependency...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

More on Energy

Global Briefing: Solar installations in Africa grew 54 per cent during record-breaking 2025

Global Briefing: Solar installations in Africa grew 54 per cent during record-breaking 2025

New report reveals record year for Africa's solar industry, China's clean tech industries now bigger than all but seven of the world’s economies, and Türkiye appoints COP31 Climate High-Level Champion

Stuart Stone
clock 06 February 2026 • 7 min read
Scottish government rejects scaled-down plans for Scoop Hill wind farm

Scottish government rejects scaled-down plans for Scoop Hill wind farm

Revised plans for 60-turbine onshore wind farm thrown out, after government concludes it is 'not the right development in the right place'

Stuart Stone
clock 06 February 2026 • 3 min read
IEA: Electrification and AI set to drive surge in global power demand

IEA: Electrification and AI set to drive surge in global power demand

Global electricity use expected to rise rapidly through to 2030, but new clean power projects mean emissions should remain flat

clock 06 February 2026 • 4 min read