China’s Solar Boom Fuels Record Growth in Global Renewables
- New renewable capacity hit fresh record in 2023 and will go up
- China’s massive solar deployment drives more green power
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The world’s new renewable power capacity grew by 50% last year and should keep breaking records this decade on the back of a surge in cheaper solar panels, particularly in China.
Almost 510 gigawatts of renewables were installed in 2023, setting a record for the 22nd straight year, the International Energy Agency said. Driven by a huge expansion in China’s solar fleet, the world is inching toward a target set at the COP28 climate summit to triple renewable power by the end of the decade.