With 585 GW of capacity additions, renewables accounted for over 90% of total power expansion globally in 2024

 Renewable Capacity Statistics 2025 released by the International Renewable Energy Agency (IRENA) today shows a massive increase in renewable power capacity during 2024, reaching 4 448 gigawatts (GW). The 585 GW addition last year indicates a 92.5% share of the total capacity expansion, and a record rate of annual growth (15.1%).

Although 2024 marks yet another benchmark in renewable energy capacity and growth, progress still falls short of the 11.2 terawatts needed to align with the global goal to triple installed renewable energy capacity by 2030. To reach this goal, renewable capacity must now expand by 16.6 % annually until 2030.

In addition, progress yet again reflects significant geographic disparities. As in previous years, most of the increase occurred in Asia, with the greatest share being contributed by China – almost 64% of the global added capacity – while Central America and the Caribbean contributed the least at only 3.2%. The G7 and G20 countries respectively accounted for 14.3% and 90.3% of new capacity in 2024.

Technology highlights:

  • Solar: solar photovoltaics increased by 451.9 GW last year. China alone added 278 GW to the total expansion, followed by India (24.5 GW).
  • Hydropower (excluding pumped storage hydropower): capacity reached 1 283 GW, demonstrating a notable rebound from 2023, driven by China. Ethiopia, Indonesia, Nepal Pakistan, Tanzania, and Viet Nam added more than 0.5 GW each.
  • Wind: wind energy expansion declined slightly, to a total of 1 133 GW capacity by the end of 2024. Expansion was once again dominated by China and the United States (US).
  • Bioenergy: expansion rebounded in 2024, with an increase of 4.6 GW of capacity compared to an increase of 3.0 GW in 2023. The growth was driven by China and France with 1.3 GW of additions each.
  • Geothermal: geothermal energy increased by 0.4 GW overall, led by New Zealand, followed by Indonesia, Türkiye, and the US.
  • Off-grid electricity (excluding Eurasia, Europe and North America): capacity expansion nearly tripled, growing by 1.7 GW to reach 14.3 GW. Growth was dominated by off-grid solar energy which reached 6.3 GW by 2024.

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