Highlighting the continued progress toward the energy transition in the global power generation mix,
this latest edition of Renewable capacity statistics reaffirms renewables as the de-facto energy choice
for new power generation, despite the effects of recent global crises and geopolitical shocks on the
By the end of 2022, renewables accounted for 40% of global installed power capacity. Yet, as we draw
closer to a world in which renewable energy accounts for half of total capacity, many energy planning
questions must be addressed to establish renewables as the most significant source of electricity
generation – including in the context of grid flexibility and adaptation to variable renewable power.