'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

'A huge milestone for Britain': Renewables provided half of the UK's electricity in 2024

'A huge milestone for Britain': Renewables provided half of the UK's electricity in 2024

Collective power output from Britain’s wind, solar, hydro and biomass plants reached a new record high last year, as fossil fuels plummeted to record lows

Michael Holder
clock 31 July 2025 • 6 min read
Ofgem pushes for 'fairer' energy cost allocation as clean power shift gathers pace

Ofgem pushes for 'fairer' energy cost allocation as clean power shift gathers pace

Energy regulator launches major review of how costs are allocated across Britain's energy system - from generation through to households - in bid to make energy bills fairer

clock 31 July 2025 • 3 min read
Study: National clean power targets worldwide failing to align with global ambition

Study: National clean power targets worldwide failing to align with global ambition

Progress towards the collective global pledge to triple renewables capacity by 2030 has barely shifted in the past two years since the goal was set two years ago, fresh analysis claims

Michael Holder
clock 31 July 2025 • 5 min read