[INFOGRAPHIC] Renewable energy is expected to increase to a record in 2022

According to a report by the International Energy Agency (IEA) Renewable Energy Market Update May 2022, a record 295 gigawatts of renewable electricity capacity was added in 2021 despite power availability. Supply is tight, construction activities are delayed and material prices are high.

The IEA expects the world to produce an additional 320 gigawatts of renewable electricity this year, equivalent to the entire electricity demand of Germany or the total electricity capacity of the European Union (EU) produced from natural gas. . Solar energy will account for 60% of the year’s total renewable energy capacity, surpassing wind and hydroelectric power.

According to the IEA, based on current policies, the world’s renewable electricity capacity is forecasted to gradually decrease by 2023, in which hydropower capacity growth will decrease by 40% and wind power will not change much compared to the previous year. this year.

According to PV