Renewable Energy Capacity (GW) by Region & Global Share (%)
01 October 2024•
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Asia again accounted for the majority of new renewable energy capacity in 2023, accounting for 69.3% of all new added capacity last year. Asia increased its renewable energy capacity by 327.8 GW in the 2023 calendar year, 17% of its total capacity; this is more than the entire renewable energy capacity available in South America and the Middle East combined. The vast majority (91%) of this capacity increase in Asia was driven by China, who brought 297.6 GW of renewable energy capacity online last year. Capacity in Europe and North America grew by 71.2 GW (+10%) and 34.9 GW (+7%), respectively.
The distribution of renewable energy around the world is highly skewed. 25% of total global renewable energy capacity is generated by the G7 economies (excluding the EU); 80% of total global renewable energy capacity is generated by the G20 economies, with a total capacity of 3,084 GW.
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