www.irena.orgRENEWABLE CAPACITYSTATISTICS 2023STATISTIQUES DE CAPACITÉRENOUVELABLE 2023ESTADÍSTICAS DE CAPACIDADRENOVABLE 2023 Copyright © IRENA 2023Unless otherwise stated, this publication and material featured herein are the property of the International Renewable Energy Agency (IRENA) and are subject to copyright by IRENA. Material in this publication may be freely used, shared, copied, reproduced, printed and/or stored, provided that all such material is clearly attributed to IRENA and bears a notation that it is subject to copyright (© IRENA), with the year of the copyright.Material contained in this publication attributed to third parties may be subject to third party copyright and separate terms of use and restrictions, including restrictions in relation to any commercial use.ISBN: 978-92-9260-525-4About IRENAThe International Renewable Energy Agency (IRENA) is an intergovernmental organisation that supports countries in their transition to a sustainable energy future, and serves as the principal platform for international co-operation, a centre of excellence, and a repository of policy, technology, resource and financial knowledge on renewable energy. IRENA promotes the widespread adoption and sustainable use of all forms of renewable energy, including bioenergy, geothermal, hydropower, ocean, solar and wind energy, in the pursuit of sustainable development, energy access, energy security and low-carbon economic growth and prosperity. www.irena.org AcknowledgementsPrepared by: Arvydas Lebedys, Dennis Akande, Nazik Elhassan, Gerardo Escamilla, Iana Arkhipova and Adrian Whiteman. The authors also gratefully acknowledge the contribution to this dataset from ASOLMEX, Eurostat and national statistical focal points in countries.For further information or to provide feedback, please contact the IRENA Statistics team (statistics@irena.org).This report is available for download from: www.irena.org/Publications. Data can be downloaded at: www.irena.org/Data.This report should be cited: IRENA (2023), Renewable capacity statistics 2023, International Renewable Energy Agency, Abu Dhabi.DisclaimerThis publication and the material featured herein are provided “as is”, for informational purposes. All reasonable precautions have been taken by IRENA to verify the reliability of the material featured in this publication. Neither IRENA nor any of its officials, agents, data or other third-party content providers or licensors provides any warranty, including as to the accuracy, completeness, or fitness for a particular purpose or use of such material, or regarding the non-infringement of third-party rights, and they accept no responsibility or liability with regard to the use of this publication and the material featured therein. The information contained herein does not necessarily represent the views of the Members of IRENA, nor is it an endorsement of any project, product or service provider. The designations employed and the presentation of material herein do not imply the expression of any opinion on the part of IRENA concerning the legal status of any region, country, territory, city or area or of its authorities, or concerning the delimitation of frontiers or boundaries. FOREWORD Highlighting the continued progress toward the energy transition in the global power generation mix, this latest edition of Renewable capacity statistics reaffirms renewables as the de-facto energy choice for new power generation, despite the effects of recent global crises and geopolitical shocks on the energy sector. By the end of 2022, renewables accounted for 40% of global installed power capacity. Yet, as we draw closer to a world in which renewable energy accounts for half of total capacity, many energy planning questions must be addressed to establish renewables as the most significant source of electricity generation - including in the context of grid flexibility and adaptation to variable renewable power. 2022 has seen the largest increase in renewable energy capacity to date – the world added almost 295 gigawatts (GW) of renewables, increasing the stock of renewable power by 9.6% and contributing an unprecedented 83% of global power additions, largely due to the growth of solar and wind power, and the further decommissioning of fossil fuel power plants in several large economies. Solar power alone accounted for almost two-thirds of the renewable additions with a record 192 GW, while 75 GW of wind energy was added, slowing from the 111 GW added in 2020. A record year for renewable capacity additions is encouraging for countries around the world redesigning their national energy planning strategies to favour renewables. There is, however, much more potential to increase the role of renewables; to stay on the pathway to limit global temperature increases to 1.5°C of pre-industrial levels, the world needs to see more than 1 000 GW of annual renewable ca