Global Renewables Capacity: Smashing Records But Falling Short

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Global renewable power capacity rose at a record rate in 2024, but the additions still fell short of the goal to triple installed capacity by 2030, the International Renewable Energy Agency (Irena) says in a new report. With 585 gigawatts of capacity additions, renewables accounted for about 92.5% of the total power expansion globally in 2024, marking record annual growth of 15.1% and lifting total renewables capacity to 4,448 GW. Solar power alone accounted for over three-quarters of renewable additions, with a record 452 GW added during the year, while 113 GW of wind energy was added.

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