Renewable capacity statistics 2025

Investment Rating - The report indicates a strong positive outlook for the renewable energy sector, highlighting significant growth and potential for future investments [13][15]. Core Insights - By the end of 2024, renewable energy sources accounted for 46% of global installed power capacity, with a record addition of 585 gigawatts (GW) in 2024, marking a 15.1% increase [14][15]. - Solar power was the leading contributor, with over 452 GW added, representing more than three-quarters of the total renewable additions [15]. - The report emphasizes the need for accelerated growth to meet the target of tripling installed renewable power capacity to 11 terawatts (TW) by 2030, requiring annual additions exceeding 1,120 GW [17][18]. Summary by Sections Total Capacity - The global renewable energy capacity reached 4,448,051 megawatts (MW) by the end of 2024, showing a consistent upward trend from previous years [64]. Renewable Energy Breakdown - Hydropower, wind energy, and solar energy are the primary contributors to the renewable capacity, with significant growth observed in solar photovoltaic installations [19][15]. Regional Insights - Major contributors to new renewable capacity in 2024 included China, the United States, and the European Union, which collectively accounted for 489 GW (83.6%) of the total new installations [16]. - In contrast, Africa's contribution was minimal, with only 4.2 GW (0.7%) added, highlighting disparities in renewable energy deployment [16]. Future Outlook - The report calls for a much faster pace of growth in renewable energy installations to achieve a sustainable energy future and meet global climate goals [18].