In 2023, renewable energy globally was on a path of recovery and progress, set against persistent challenges and disparities among technologies and regions. The energy crisis of the previous year continued to abate, with the world witnessing a remarkable boom in solar photovoltaics (PV) and a significant surge in energy investments. Global additions to renewable power capacity increased an estimated 36% in 2023 to reach around 473 gigawatts (GW), a new record for the 22nd consecutive year. Solar PV drove the increase and accounted for three-quarters of all the renewable power capacity additions in 2023.
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