Resource detail

International Renewable Energy Agency (IRENA) has issued the Renewable Capacity Statistics 2025, indicating a significant rise in renewable power capacity in 2024, totaling 4,448 gigawatts (GW). The 585 GW increase last year is a 92.5% proportion of the overall capacity expansion, marking a record annual growth rate of 15.1%. Despite 2024 representing a significant milestone in renewable energy capacity and expansion, advancements remain inadequate to meet the 11.2 terawatts required to achieve the global objective of tripling installed renewable energy capacity by 2030. To achieve this objective, renewable capacity must increase by 16.6% each year until 2030. Furthermore, advancements once more indicate considerable spatial differences. Similar to prior years, the majority of the increase transpired in Asia, with China accounting for about 64% of the global new capacity, whereas Central America and the Caribbean contributed a mere 3.2%. In 2024, the G7 and G20 nations represented 14.3% and 90.3% of newly installed capacity, respectively.