capacity additions

IRENA has found that the world’s renewable power capacity will need to increase by 16.4%, year-on-year, to meet the world’s climate targets.

The Chinese Ministry of Industry and Information Technology (MIIT) has issued a draft rule raising the minimum capital ratio for solar PV manufacturing projects to 30%.

The world will add 3.8TWac of new solar capacity by 2033, alongside 1.6TW of new wind capacity, according to Wood Mackenzie.

Germany installed more than 5GW of new solar capacity in the first four months of this year, according to trade association BSW Solar.

Adani Green Energy has published its results for the 2024 financial year, which include a 33% growth in revenue from power generation.

Wiki-Solar's latest figures show that the world’s top 34 EPC contractors are now responsible for a combined portfolio of more than 100GWac.

DNV forecasts that China will more than quintuple its renewable energy installations by 2050 in its latest report.

India’s Ministry of New and Renewable Energy (MNRE) has published its latest figures for clean power capacity additions in the country, which show that the country added 15GW of new solar capacity in the 12 months to the end of March 2024.

Spain has installed 5.6GW of ground-mounted capacity in 2023, up 28% from 2022, according to the country’s transmission system operator, Red Eléctrica.

According to Energie Commune, Belgium installed 1.8GW of new solar capacity in 2023, and pushing its total operating solar portfolio to 9.9GW.