Clean energy is not just growing, it is reshaping the grid. By the end of 2023, the world reached 3,870 GW of renewables capacity and renewables already supplied 30% of global electricity. In the gaps between additions, generation shares, costs, jobs, and investment, you can see why the momentum is hard to ignore.
Key Takeaways
- Global renewables capacity hit 3,870 GW by end-2023, 90% non-hydro
- Renewables added 510 GW globally in 2023, 83% of new power capacity
- Renewables share of global electricity generation reached 30% in 2023, up from 29% in 2022
- Renewables generated $1.1T economic value in 2023 via power/health/climate benefits
- Clean energy created 13.7M jobs globally in 2023, offsetting 2.1M fossil losses
- Renewables LCOE 20-50% cheaper than new fossil in 80% world regions 2023
- Global clean energy investment surged to $1.8 trillion in 2023, 3x fossil fuels
- Solar received $500B investment in 2023, 28% of total clean energy spend
- US IRA unlocked $270B clean energy investments by 2023, creating 200k jobs
- Global hydropower capacity reached 1,416 GW by end-2023, producing 4,200 TWh annually
- China holds 42% of world hydropower at 597 GW, adding 20 GW in 2023
- Pumped storage hydropower capacity worldwide is 160 GW, 90% of energy storage
- Global solar PV capacity reached 1,053 GW at the end of 2022, with China accounting for 392 GW or 37% of the total
- In 2023, solar PV added 447 GW of new capacity worldwide, representing 75% of all renewable capacity additions that year
- Utility-scale solar PV capacity in the US grew by 22.6 GW in 2023, a 78% increase from 2022
In 2023, renewables surged to 30% of global power, adding 510 GW and outpacing fossil investment.
Related reading
01 · Category
Capacity Growth21 stats
01
Global renewables capacity hit 3,870 GW by end-2023, 90% non-hydro
02
Renewables added 510 GW globally in 2023, 83% of new power capacity
03
Renewables share of global electricity generation reached 30% in 2023, up from 29% in 2022
04
China commissioned 300 GW renewables in 2023, half world's total additions
05
US renewable capacity totaled 450 GW in 2023, generating 22% electricity
06
EU renewables capacity exceeded 800 GW in 2023, 44% of power mix
07
Developing countries added 260 GW renewables in 2023, 80% solar/wind
08
Annual renewable growth rate averaged 10.3% 2013-2023, tripling needed for net zero
09
India renewable capacity hit 200 GW in 2023, targeting 500 GW by 2030
10
Brazil renewables capacity 170 GW, 90% hydro but shifting to wind/solar
11
Global clean energy manufacturing capacity for solar/wind reached 2 TW in 2023
12
Africa added 4 GW renewables in 2023, solar dominant at 70%
13
Australia renewables capacity 100 GW, intermittent sources 35%
14
Renewables avoided 2.6 Gt CO2 emissions in 2023, equivalent to India's annual output
15
Southeast Asia renewables capacity grew 15 GW in 2023, led by Vietnam
16
Japan renewables share hit 25% in FY2023, capacity 140 GW
17
Middle East renewables capacity doubled to 20 GW in 2023, solar 80%
18
Global distributed renewables capacity exceeded 1.5 TW in 2023, rooftops dominant
19
OECD countries renewables capacity 1,200 GW, 40% electricity generation
20
Pacific islands added 1 GW renewables in 2023, hydro and solar
21
Russia renewables capacity 3 GW non-hydro, added 0.5 GW in 2023
Interpretation
Capacity Growth Interpretation
In the capacity growth picture, renewables kept expanding fast with 510 GW added in 2023 which was 83% of all new power capacity, pushing global renewable capacity to 3,870 GW and underscoring momentum even as several regions like China alone commissioned 300 GW.
02 · Category
Economic Impacts22 stats
01
Renewables generated $1.1T economic value in 2023 via power/health/climate benefits
02
Clean energy created 13.7M jobs globally in 2023, offsetting 2.1M fossil losses
03
Renewables LCOE 20-50% cheaper than new fossil in 80% world regions 2023
04
Wind/solar saved $64/MWh vs coal/gas in US 2023
05
Global renewables health savings $2.3T cumulative 2015-2023 from air pollution cuts
06
Clean energy boosted GDP by 1% in G20 countries via 2023 investments
07
Rooftop solar bill savings $5B for US households in 2023
08
Renewables reduced wholesale prices 30% in Europe summer 2023
09
Offshore wind supports 150k jobs in EU, €25B annual economic impact 2023
10
Bioenergy created 4M jobs, mostly developing countries, in 2023
11
Clean energy exports from China $100B in modules/turbines 2023
12
Renewables decarbonization value $220/tonne CO2 avoided in 2023
13
US clean energy manufacturing added 100k jobs in 2023
14
Global fossil fuel subsidies $7T in 2023, 7x clean energy incentives
15
Renewables integration costs <3% of generation value in 2023 grids
16
Clean energy multiplier effect 2.5x jobs per $M invested vs fossil
17
Renewables displaced $160B coal generation value in 2023
18
Green hydrogen projects 400+ worldwide, $150B capex committed by 2023
19
Renewables cut SO2 emissions by 1.5M tonnes in China 2023, health savings $20B
20
Global renewables system costs fell 10% YoY to $20/MWh in 2023
21
Clean energy avoided 2.5 GtCO2 in 2023, worth $150B at $60/t carbon price
22
Renewables share grew fastest in electricity sector, 30% in 2023 vs 19% total energy
Interpretation
Economic Impacts Interpretation
In 2023, clean energy strengthened the economy across major metrics, generating $1.1T in economic value and creating 13.7M jobs while offsetting 2.1M fossil job losses.
03 · Category
Investments Policy23 stats
01
Global clean energy investment surged to $1.8 trillion in 2023, 3x fossil fuels
02
Solar received $500B investment in 2023, 28% of total clean energy spend
03
US IRA unlocked $270B clean energy investments by 2023, creating 200k jobs
04
EU REPowerEU plan mobilized €300B for renewables by 2023
05
China clean energy investment hit $890B in 2023, 55% global total
06
Corporate PPAs signed for 40 GW renewables in 2023, tech giants leading
07
Green bonds issued for clean energy totaled $580B in 2023, up 15%
08
India allocated $10B annual budget for renewables in 2023-24
09
Global clean energy jobs reached 13.7 million in 2023, solar 5M
10
Venture capital in clean energy startups $50B in 2023, batteries dominant
11
Brazil auction awarded 10 GW renewables in 2023 for $5B investment
12
Africa clean energy FDI $20B in 2023, South Africa 40%
13
Policy support drove 90% of 2023 renewable additions, per IRENA analysis
14
UK CfD auctions contracted 11 GW offshore wind for £2B/year
15
Blended finance unlocked $10B for emerging markets renewables 2023
16
Australia Capacity Investment Scheme funds 32 GW renewables by 2030
17
Global carbon pricing revenues $104B in 2023, funding clean energy
18
Japan GX plan invests ¥150T ($1T) in clean energy to 2050, 2023 start
19
Supply chain finance for solar modules $100B in 2023, China led
20
Renewables R&D spending $25B globally in 2023, governments 60%
21
South Korea RE100 policy aims 30% renewables by 2030, $50B invest
22
Global renewables avoided $520B fuel costs in 2023
23
Clean energy reduced global energy import bill by $300B in 2023
Interpretation
Investments Policy Interpretation
Under Investments Policy, clean energy capital is accelerating sharply with global spending reaching $1.8 trillion in 2023, three times fossil fuel investment, and major policy frameworks like the US IRA and EU REPowerEU helping drive the scale through hundreds of billions in new funding.
More related reading
04 · Category
Other Renewables24 stats
01
Global hydropower capacity reached 1,416 GW by end-2023, producing 4,200 TWh annually
02
China holds 42% of world hydropower at 597 GW, adding 20 GW in 2023
03
Pumped storage hydropower capacity worldwide is 160 GW, 90% of energy storage
04
Brazil generated 60% of electricity from hydro in 2023 despite drought impacts
05
Geothermal capacity globally stood at 16 GW in 2023, led by US with 3.7 GW
06
Biomass power capacity reached 150 GW worldwide in 2023, generating 600 TWh
07
Three Gorges Dam in China produced 111 TWh in 2023, world's largest hydro plant
08
Indonesia added 0.6 GW geothermal in 2023, total 2.4 GW, targeting 7 GW by 2030
09
Run-of-river hydro accounted for 25% of new hydro additions in 2023
10
US geothermal generation hit 16.4 TWh in 2023, 0.4% of total electricity
11
Marine energy pilots reached 50 MW globally in 2023, mostly tidal
12
India's hydro capacity is 47 GW, but underutilized at 80% plant load factor
13
Enhanced geothermal systems (EGS) demonstrated 5 MW in US pilots 2023
14
EU biomass capacity 40 GW, used for heat and power cogeneration
15
Canada's hydro exports to US totaled 70 TWh in 2023
16
Small hydro (<10 MW) capacity worldwide 80 GW, growing in Asia
17
New Zealand 80% electricity from hydro and geothermal in 2023
18
Bioenergy from agricultural residues produced 100 TWh globally in 2023
19
Itaipu Dam (Brazil/Paraguay) generated 90 TWh in 2023, second largest
20
Kenya's geothermal capacity reached 1 GW in 2023, 50% of electricity
21
Anaerobic digestion biogas plants numbered 20,000 globally, 18 GW capacity
22
Norway 90% hydro-based electricity, exports peaking at 20 TWh/year
23
Waste-to-energy incineration capacity 600 TWh potential, 80 GW installed
24
Philippines added 0.2 GW geothermal, total 1.9 GW in 2023
Interpretation
Other Renewables Interpretation
Across the Other Renewables category, hydropower remains the dominant force with 1,416 GW of capacity and 4,200 TWh of annual generation, while geothermal and biomass are growing more quietly with 16 GW and 150 GW respectively by 2023.
05 · Category
Solar Energy30 stats
01
Global solar PV capacity reached 1,053 GW at the end of 2022, with China accounting for 392 GW or 37% of the total
02
In 2023, solar PV added 447 GW of new capacity worldwide, representing 75% of all renewable capacity additions that year
03
Utility-scale solar PV capacity in the US grew by 22.6 GW in 2023, a 78% increase from 2022
04
Residential solar installations in Australia reached 3.2 GW in 2023, down 20% from the previous year due to policy changes
05
India added 24.5 GW of solar capacity in FY2023-24, surpassing its 2022 record of 14 GW
06
Bifacial solar modules accounted for 65% of global module shipments in 2023, up from 40% in 2021
07
Solar PV levelized cost of electricity (LCOE) fell to $0.049/kWh globally in 2023, 89% lower than fossil fuel alternatives
08
Europe installed 59 GW of new solar PV in 2023, led by Germany with 14.5 GW and Spain with 12.7 GW
09
Floating solar PV capacity worldwide exceeded 13 GW by end-2023, with China holding 70% at 9 GW
10
Concentrated solar power (CSP) global capacity stood at 15 GW in 2023, with 90% in just five countries
11
US solar module manufacturing capacity reached 50 GW annually by Q4 2023, driven by IRA incentives
12
Solar PV generated 1,760 TWh globally in 2023, up 25% from 2022
13
N-type TOPCon solar cells represented 52% of global wafer production in H2 2023, surpassing PERC
14
Brazil's distributed solar capacity hit 25 GW in 2023, with 10 GW added that year alone
15
Solar irradiance in the Sahara Desert averages 2,500 kWh/m²/year, 50% higher than Germany
16
Perovskite-silicon tandem solar cells achieved 33.9% efficiency in lab tests in 2023
17
Japan's cumulative solar capacity exceeded 100 GW in 2023, generating 10% of national electricity
18
Agrivoltaic solar systems in the US covered 1,200 acres by 2023, boosting crop yields by 10-20%
19
Global solar PV investment reached $500 billion in 2023, 70% more than wind
20
South Africa's solar capacity grew to 6.5 GW in 2023, with rooftop solar adding 2 GW
21
Module prices dropped to $0.11/Wp globally in Q4 2023, lowest ever recorded
22
California's solar capacity surpassed 40 GW in 2023, producing 25% of state electricity
23
Heterojunction (HJT) solar cell efficiency hit 26.8% in production in 2023
24
Vietnam added 11 GW of solar in 2023 despite grid constraints
25
Global solar tracker shipments reached 65 GW in 2023, up 40% YoY
26
Morocco's Noor Ouarzazate CSP plant generated 1,890 GWh in 2023 at 80% capacity factor
27
UK's solar capacity hit 15 GW in 2023, with ground-mount leading at 7 GW
28
Polycrystalline silicon production capacity exceeded 1,000 GW annually in 2023
29
Texas installed 7.2 GW of utility-scale solar in 2023, second highest in US
30
Global solar PV waste projected to reach 8 million tonnes by 2030 from current 250,000 tonnes/year
Interpretation
Solar Energy Interpretation
Solar energy is accelerating rapidly, with global solar PV capacity reaching 1,053 GW by the end of 2022 and adding 447 GW of new capacity in 2023, while bifacial modules expanded to 65% of shipments in 2023 up from 40% in 2021.
06 · Category
Wind Energy27 stats
01
Global onshore wind capacity reached 1,017 GW by end-2023, generating 7.8% of world electricity
02
China added 76 GW of onshore wind in 2023, 65% of global additions
03
US wind capacity additions hit 6.5 GW in 2023, led by Texas with 2.4 GW
04
Offshore wind capacity worldwide reached 72 GW in 2023, with 11 GW added that year
05
Europe installed 21 GW of onshore wind in 2023, with Germany at 3.2 GW
06
Onshore wind LCOE averaged $0.033/kWh globally in 2023, 60% below fossil fuels
07
Brazil added 4.7 GW of onshore wind in 2023, total capacity 29 GW
08
Floating offshore wind pilots reached 200 MW globally in 2023, targeting 6 GW by 2030
09
India commissioned 3.1 GW of wind in FY2023-24, total 47 GW
10
Turbine average capacity factor for onshore wind improved to 37% globally in 2023
11
UK offshore wind generated 80 TWh in 2023, 14% of electricity demand
12
Global wind turbine orders reached 107 GW in 2023, up 50% YoY
13
Vestas delivered 17 GW of turbines in 2023, leading global manufacturers
14
Vietnam's wind capacity hit 4.5 GW in 2023, with 2 GW onshore additions
15
Average onshore turbine hub height rose to 110m in 2023, boosting energy by 10%
16
Australia added 1.2 GW of wind in 2023, total 10.5 GW
17
Fixed-bottom offshore wind LCOE fell to $72/MWh in 2023 for mature markets
18
South Korea commissioned 1.5 GW offshore wind in 2023, total 2 GW
19
Wind repowering in US added 1 GW in 2023, upgrading old turbines
20
Global wind investment totaled $180 billion in 2023, onshore 75%
21
Denmark generated 56% of electricity from wind in 2023
22
Siemens Gamesa supplied 13 GW turbines in 2023, second to Vestas
23
Onshore wind capacity factor in China averaged 25% in 2023 due to curtailment issues
24
US Midwest states produced 40% of national wind energy in 2023
25
Global offshore wind ports expanded to support 50 GW deployment by 2030
26
Turkey added 2.1 GW onshore wind in 2023, total 13 GW
27
Wind blade recycling pilots processed 10,000 tonnes in 2023
Interpretation
Wind Energy Interpretation
Wind energy is scaling fast, with global onshore wind reaching 1,017 GW by end 2023 and generating 7.8% of world electricity, while onshore wind costs average just $0.033 per kWh in 2023, about 60% lower than fossil fuels.
report visual · Key figures
Clean energy momentum: renewables’ share and growth
Renewables are gaining ground in the power mix while continuing to expand through 2023.
30%
Renewables share of global electricity generation reached 30% in 2023, up from 29% in 2022
10.3%
Annual renewable growth rate averaged 10.3% 2013-2023, tripling needed for net zero
90%
Global renewables capacity hit 3,870 GW by end-2023, 90% non-hydro
Reference
Cite This Report
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APA
Elif Demirci. (2026, February 13). Clean Energy Statistics. Gitnux. https://gitnux.org/clean-energy-statistics
MLA
Elif Demirci. "Clean Energy Statistics." Gitnux, 13 Feb 2026, https://gitnux.org/clean-energy-statistics.
Chicago
Elif Demirci. 2026. "Clean Energy Statistics." Gitnux. https://gitnux.org/clean-energy-statistics.
Sources & references
77 datasets cited across this report · attribution is report-level