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China produced 31% of global renewable electricity, followed by the United States (11%), Brazil (6.4%), Canada (5.4%) and India (3.9%). [1] Renewable investment reached almost $500 billion globally in 2022, [2] amounting to 83% of new electric capacity that year. [3] The renewable energy industry employs almost 14 million people. [4]
Global renewable energy investment growth (1995-2007) [1] In 2020, the global renewable energy market was valued at $881.7 billion [2] and consumption grew 2.9 EJ. [3] China was the largest contributor to renewable growth, accounting an increment of 1.0 EJ in consumption, followed by the US, Japan, the United Kingdom, India, and Germany.
Brazil’s high solar irradiation has positioned the country as a major player in solar energy production, with a capacity that has grown from under 2GW in 2017 to over 35GW in 2024. As demand for renewable energy continues to rise, SolarShare presents a timely solution by making solar energy investments accessible on a global scale.
Renewable energy technology was once seen as unaffordable for developing countries. [201] However, since 2015, investment in non-hydro renewable energy has been higher in developing countries than in developed countries, and comprised 54% of global renewable energy investment in 2019. [202]
Record growth in wind and solar last year pushed worldwide electricity generation to its cleanest-ever level, a report found, reflecting a renewable energy boom that researchers say could herald ...
With data centers projected to consume 16% of U.S. power by 2030, solar energy combined with battery storage offers a sustainable solution that aligns with global renewable goals.
Renewable energy continued its rapid growth in 2015, providing multiple benefits. There was a new record set for installed wind and photovoltaic capacity (64GW and 57GW) and a new high of US$329 Billion for global renewables investment. A key benefit that this investment growth brings is a growth in jobs. [13]
Despite massive investments in renewable energy, coal-fired plants continue to generate about 60% of China's electricity. Imports also hit a record, reaching 542.7 million tons of coal in 2024, a ...