Renewable energy global installed capacity is expected to double in the next five years
The International Energy Agency's Renewable Energy Report 2022, released on December 6, points out that, driven by the energy crisis, renewable energy installation in various countries has accelerated significantly, and the incremental global installed capacity in the next five years is expected to be nearly twice the previous five-year increment.
The report predicts that between 2022 and 2027, the global installed capacity of renewable energy generation will increase by 2400 GW, accounting for more than 90% of the global electricity increase. By early 2025, renewable energy will overtake coal as the world's number one source of electricity.
Fatih Birol, executive officer of the International Energy Agency, said that the world's new renewable energy generation capacity in the next five years will be equivalent to the combined increase of the previous 20 years, clearly demonstrating that the current energy crisis can be a turning point in history, making the global energy system cleaner and more secure.
The report predicts that over the next five years, the European region is expected to add twice as much renewable energy capacity as the previous five-year increment, China will account for nearly half of the global increment, and the United States and India will also see significant renewable energy growth.
By energy type, global photovoltaic power generation capacity will triple and wind power generation capacity will nearly double, and the sum of the two will account for more than 90% of global renewable energy capacity additions. Global biofuel demand will grow by 22%.
Translated with www.DeepL.com/Translator (free version)
