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World added 50% more renewable capacity in 2023: IEA


 , Updated 14:40, 11-Jan-2024

The amount of renewable energy capacity added to energy systems around the world grew by 50 percent in 2023, reaching almost 510 gigawatts (GW), with solar PV accounting for three-quarters of additions worldwide, according to Renewables 2023, the latest edition of the International Energy Agency (IEA) annual market report on the sector.

The report added that largest growth took place in China, which commissioned as much solar PV in 2023 as the entire world did in 2022, while China's wind power additions rose by 66 percent year on year.

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