Gitnux/Report 2026

Renewable Power Industry Statistics

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Renewable Power Industry Statistics
Samuel NorbergWritten by Samuel Norberg·Fact-checked by Maya Johansson
Published
How this report is researched
01Editorial Scope

Before any source is gathered, an editor locks the question, what qualifies, and how the piece will be judged.

02Source Research

Search agents collect the source set and pull each data point out with its provenance attached.

Read our full methodology →

Search agents attach provenance to every extracted figure.

Next review: within 39 days

01 Industry overview

The renewable power industry at a glance

Renewable power reached 5,149 GW globally in 2025 after a record 692 GW expansion, making renewables 49% of installed power capacity and the dominant source of new capacity.

5,149 GW[22]
Global capacity, 2025
692 GW[22]
Capacity added, 2025
10.8%[15]
Implied CAGR, 2025–2031
16.6 million[22]
Renewable-energy jobs, 2024
Market size
Global renewable power capacity reached 5,149 GW at the end of 2025, following 692 GW of additions during the year. Renewables represented 49% of global installed power capacity.[22]
Forecast & CAGR
The IEA projects renewable power capacity to expand by more than 4,770 GW between 2026 and 2031, with total capacity rising almost 85% between 2025 and 2031. This implies an approximate 10.8% compound annual growth rate over 2025–2031; solar PV is expected to account for more than three-quarters of the expansion.[15]
Market share & regions
China, the United States and the European Union accounted for 550 GW, or 79.5%, of new renewable capacity installed in 2025, while Africa accounted for 11.3 GW, or 1.6%. For 2026–2031, China is forecast to contribute 53% of global renewable capacity growth.[22][15]
Segmentation
Solar PV led 2025 additions with 510 GW, nearly three-quarters of the global total, while wind added 159 GW. The IEA expects solar PV to provide more than three-quarters of renewable capacity growth through 2031, with utility-scale solar and distributed applications contributing about 2,075 GW and 1,530 GW respectively.[22][15]
Key players & concentration
China remains the industry’s leading deployment and manufacturing centre: it accounted for 53% of forecast global renewable capacity growth in 2026–2031. Solar PV supply chains remain highly concentrated in China across polysilicon, wafers, cells and modules, although India is expected to become the only country besides China able to manufacture every major component at scale by 2031.[15]
Pricing
IRENA reports that more than 85% of new renewable projects are cheaper than fossil-fuel alternatives. Since 2010, the cost of solar power has fallen 87%, onshore wind 55% and battery storage 93%; hybrid solar-wind-battery systems can deliver power below $75/MWh in many regions.[22][15]
Trends, drivers & challenges
Energy security, falling technology costs and rising electricity demand are supporting deployment, while grid connection queues reached almost 4,500 GW in 2026. Curtailment of wind and solar was nearly 200 TWh in 2025 and could exceed 800 TWh by 2031, increasing the need for storage, transmission and demand flexibility.[15]
Consumer behavior & competition
Consumers are increasingly adopting decentralised rooftop solar to reduce exposure to unreliable grids and daily load shedding, particularly in emerging markets. Behind-the-meter battery storage is forecast to grow more than fivefold to almost 700 GWh by 2031, while residential batteries are expected to rise from 13% to more than 35% of global rooftop-solar additions.[15]
Regulation
The COP28 global stocktake set a goal of tripling renewable energy capacity by 2030. Under its main case, the IEA expects global capacity to reach about 9,710 GW by 2030, or 2.6 times its 2022 level, falling short of the tripling target unless countries accelerate auctions, grid investment, storage and permitting reforms.[15]
Latest news
The IEA’s Renewables 2026 report, published November 6, 2026, forecasts more than 4,770 GW of renewable capacity growth from 2026 to 2031. It also projects renewables’ share of global electricity generation to rise from 33% in 2025 to 43% in 2031.[15]

02 Ranking

Top 10 Companies in the Renewable Power Industry

The leading companies in the renewable power industry, ranked on market impact, performance, momentum, innovation and brand popularity.

Updated November 10, 2026 · Next review December 10, 2026

Verdict

EDF leads Gitnux's 2026 renewable power ranking with an Overall score of 9.3, with 41.4 GW of net renewable capacity operated at end-2025. NextEra Energy is the runner-up at 9.0, driven by about 72 GW in operation and roughly 12 GW of renewable origination.

Ranked by Overall score · How we score ↓

Editor's top 3 picks

Where to start, by need.

  1. #1 Overall · Leader in renewable power generation

    EDF

    FR

    Ranked #1 · 9.3 · Renewable power generation

    Why we picked it: We see scale in hydropower, wind and solar generation, supported by 41.4 GW net renewables at end-2025.

    See in ranking ↓Visit edf.fr ↗

  2. Leader in wind turbine manufacturing

    Vestas

    DK

    Ranked #4 · 8.9 · Wind turbine manufacturing

    Why we picked it: We see wind turbine manufacturing and service coverage reflected in 201 GW installed across 88 countries.

    See in ranking ↓Visit vestas.com ↗

  3. Leader in energy storage

    ENGIE

    FR

    Ranked #5 · 8.9 · Energy storage

    Why we picked it: We see renewable generation and storage execution reflected in 6.2 GW renewable and battery capacity added in 2025.

    See in ranking ↓Visit engie.com ↗

Pick 1 is the #1 company overall. Picks 2 and 3 are the highest-ranked companies in the top 5 that add a new segment.

Full ranking

Sort by
Top 10 companies in the renewable power industry, 2026 – Gitnux ranking
#CompanyOverall ↓Company snapshot
1

EDF

Renewable power generation · FR

9.3
2

NextEra Energy

Renewable power generation · US

9.0
3

Iberdrola

Renewable power generation · ES

9.0
4

Vestas

Wind turbine manufacturing · DK

8.9
5

ENGIE

Energy storage · FR

8.9
6

Adani Green Energy

Solar, wind and hybrid generation, India · IN

8.6
7

ACWA Power

Solar, wind, hydro and desalination power, global · SA

8.6
8

Ørsted

Offshore wind, onshore wind, solar and storage · DK

8.6
9

Enel

Renewable generation and electricity networks, global · IT

8.6
10

JinkoSolar

Solar module and cell manufacturing, global · CN

7.7

How we score

  • Impact (30%): scale and weight in the market (revenue, market share, employees, market position).
  • Performance (20%): recent revenue growth and operating margin; an analyst assessment where a company does not publish them.
  • Momentum (20%): growth trajectory and future potential.
  • Innovation (15%): R&D intensity and how technologically advanced the company is.

Popularity (brand search demand, 15%) counts toward Overall but is not published as a column. Overall leaves out what is not known.

Scale Scores are shown on a 7–10 scale with one decimal; bars start at 7.0.

Cadence Recalculated when new figures are published; next review December 10, 2026.

Independence. Rankings are editorially independent. Scores, ranks, picks and the verdict follow the method above; no company can pay to change them.

Cite this ranking

APA

Samuel Norberg. (2026, November 10). Top 10 companies in the renewable power industry. In Renewable Power Industry Statistics. Gitnux. https://gitnux.org/renewable-power-industry-statistics/#top-companies

report visual · Projection

Global renewable power capacity at year-end

Global renewable power capacity at year-end grew from 2.5M MW in 2019 to 4.4M MW in 2024.

2.5M MW
Start
+11.83%
CAGR · 5y
4.4M MW
Projected
20192024
source-verifiedirena.org2024

04 Statistics

Technology & Innovation

Monitoring and control automation shows up in robotics, AI and IoT adoption metrics, alongside cloud and analytics use across power and utilities organizations.

Automation in the renewable power industry

  • 6 commercial ground robots were systematically used for photovoltaic-plant monitoring worldwide by mid-2024, although none had entered standard solar-farm operations.[1]
  • 66% of new U.S. electric-generating capacity added in 2024 was solar, expanding the addressable market for automated inspection and maintenance technologies.[2]
  • 18% of new U.S. electric-generating capacity added in 2024 was battery storage, increasing the role of automated controls in renewable-power systems.[2]

Digital Transformation in the utilities and renewable energy sector (sector benchmark)

  • 92% of energy companies planned digital technology investments, while 27% were retraining and reskilling existing employees, according to a 2024 survey.[3]
  • 84% of energy and utilities organizations were investing in digital modernization in 2026, while 20% had begun reorganizing engineering operations.[4]
  • 73% of power and utilities companies said their organizational culture impeded digital-technology adoption in a global survey conducted in late 2024.[3]
  • 100% of utilities globally had initiated digital transformation, while 20% had completed it, according to a global survey conducted in 2024.[5]

Technology Adoption in the utilities and renewable energy sector (sector benchmark)

  • 62% of power and utilities organizations were using robotic process automation in 2024, according to a global survey of industry executives and employees.[3]
  • 73% of power and utilities organizations were using artificial intelligence, generative AI or machine learning in 2024, based on a global industry survey.[3]
  • 79% of power and utilities organizations were using cyber-threat monitoring and intelligence platforms covering IT and operational technology in 2024.[3]
  • 78% of power and utilities organizations were using advanced analytics in 2024, according to EY’s global Future of Energy Survey.[3]

Cloud Computing in the utilities and renewable energy sector (sector benchmark)

  • 32% of power and utilities organizations using cloud computing planned improvements or new uses during the following five years in 2024.[3]
  • 45% of energy companies used only the cloud capacity and functions they had committed to, according to an Infosys industry study published in 2024.[6]
  • 41% of energy companies allowed any department head or IT manager to deploy new cloud infrastructure, software or applications in an Infosys study.[6]
  • 63% of power and utilities organizations were using cloud computing while developing improvements or new applications in 2024.[3]
  • 79% of power and utilities organizations were using cloud computing in 2024, according to a global EY survey.[3]

Big Data in the utilities and renewable energy sector (sector benchmark)

  • 41% of utilities said advanced-metering-infrastructure data was fully embedded and scalable across daily workflows in 2026.[7]
  • 25% of utilities reported extensive use of analytics for business intelligence and billing or revenue analysis in a survey of 190 organizations.[8]
  • 86% of utilities used advanced-metering-infrastructure data enterprise-wide or in specific workflows in 2026, according to a global utility executive survey.[7]
  • 20% of electric utilities had already implemented big-data analytics, while 32% were implementing it, in a survey covering 10 countries.[9]
  • 78% of power and utilities organizations were using advanced analytics in 2024, a sector-specific proxy for big-data adoption in EY’s global survey.[3]

Blockchain in the renewable power industry

  • 1.2 megawatt-hours of battery storage supported Chiang Mai University’s blockchain-enabled smart-city energy project.[10]
  • 50,000 transactions per second was the stated throughput of Solana, the blockchain to which PowerLedger migrated for its energy-trading platform.[10]
  • 1.67 gigawatt-hours of energy trading had been facilitated by PowerLedger by 2024 across projects in Europe, Asia and Australia.[10]
  • 630 kilowatts or more of rooftop solar capacity was installed at Thailand’s T77 blockchain-enabled peer-to-peer trading precinct.[11]
  • A$1,500 in peer-to-peer energy-trading transactions proceeded each month in the Australian blockchain-enabled project.[11]
  • 30% renewable-energy autonomy was achieved at Chiang Mai University’s blockchain-enabled smart-city project.[10]

IoT in the utilities and renewable energy sector (sector benchmark)

  • 55% of utilities respondents had a formal IoT strategy in 2024, up from 48% in 2021, according to Viasat’s global sector survey.[12]
  • 80% of power and utilities organizations surveyed were IoT adopters, and 75% had at least one project reaching the use stage.[13]
  • 75% of power and utilities organizations were using Internet of Things technologies in 2024, according to a global EY survey.[3]

05 Statistics

Data & Analytics

Curtailment and transmission constraints quantify operational loss, while governance and data quality metrics track whether utilities can use enterprise data model and integration.

Business intelligence in the renewable power industry

  • 300,000 operating renewable-energy assets were included in the database used by kWh Analytics to assess and predict project performance, primarily in the United States, in 2022.[14]
  • 7% to 1.6% is the projected reduction in combined solar-PV and wind curtailment in the European Union by 2040 through increased storage and digitally enabled demand response.[15]
  • 10% to 30% is the estimated increase in effective transmission-line capacity from dynamic line-rating systems in renewable-heavy grids, according to a 2024 Chile analysis.[16]
  • 4 ways digital data and analytics can reduce power-system costs are lower operations and maintenance costs, higher plant and network efficiency, fewer unplanned outages, and longer asset lifetimes, globally in 2017.[15]

Data analytics in the renewable power industry

  • 1.5% to 2.0% of potential generation was estimated to be lost to transmission constraints during the studied quarter for 37.25 GW of solar and 7.32 GW of wind in India.[16]
  • 4.5% to 15.6% was the range of hours when modeled Kazakhstan renewable sites met less than 20% of demand, depending on the site.[16]
  • 5,642 GWh of solar and wind electricity were curtailed in Chile in 2024, equal to 19% of electricity supplied by those sources.[16]
  • 23% was the average share of annual generation curtailed across 15 modeled renewable-energy sites in Kazakhstan, with site results ranging from 15% to 30%.[16]
  • 1,300 GWh of annual solar and wind curtailment could be prevented in Chile by adding 1 GW of battery storage with four hours of duration in congested areas.[16]
  • 11,900 GWh of renewable electricity was curtailed in Chile between January 2022 and May 2025.[16]

Data Quality in the utilities and renewable energy sector (sector benchmark)

  • Across water utilities, 10% of respondents rated asset condition and performance information as very good in 2026.[17]
  • Across electric utilities surveyed, 69% reported user confidence in data accuracy, compared with 77% for completeness.[18]
  • Across water utilities, 7% of respondents rated asset information in EAM or CMMS as very good in 2026.[17]
  • Across electric utilities surveyed, 77% reported no erosion in data quality over time.[18]
  • Across water utilities, 8% of respondents rated asset O&M cost information as very good in 2026.[17]
  • Across water utilities, 19% of respondents rated asset characteristics information as very good in 2026.[17]

Data Governance in the utilities and renewable energy sector (sector benchmark)

  • Across energy and utilities organizations, 65% reported that all or nearly all of their data was governed in 2026.[19]
  • Across utilities surveyed, 6% reported fully traceable data from original source to decision-making or business processes in 2020.[20]
  • Across power and utility executives surveyed, 57% assessed data-governance maturity as developing or initial in 2021; none reported advanced practices.[3]
  • Across utilities surveyed, 9% had fully implemented an enterprise-wide data-governance program in 2020.[20]
  • Across utilities surveyed, 56% had some form of inventory covering data sources and data-quality, integration, and analytics tools in 2020.[20]
  • Across utilities surveyed, 50% estimated they were still three to five years away from enterprise-level data governance in 2020.[20]

KPIs in the renewable power industry

  • 24.2% was the United States utility-scale photovoltaic capacity factor in 2020.[21]
  • 35.3% was the United States utility-scale wind capacity factor in 2020.[21]
  • 34% was the average wind capacity factor in Chile in 2024, according to Ember's renewable-generation analysis.[16]
  • 69.1% was the United States utility-scale geothermal capacity factor in 2020.[21]
  • 4.8% was the average monthly wind-curtailment rate in Germany into 2025, according to Ember's European electricity review.[16]
  • 37.2% was the United States conventional-hydroelectric capacity factor in 2014.[21]

06 Statistics

Strategy & Growth

Capacity additions remain near record levels, with 692 GW added in 2025 and 4,770 GW projected from 2026–2031, plus renewables’ generation share rising toward 43% by 2031.

Growth in the renewable power industry

  • 4,800 GW of renewable power capacity is forecast to be added globally between 2026 and 2031, 57% more than in the previous six years.[15]
  • 92.5% of global power-capacity additions came from renewables in 2024.[22]
  • Renewables are expected to account for almost 43% of global electricity generation in 2031, up from approximately one-third in 2025.[15]
  • Nearly 500 GW of renewable capacity was added in China in 2025, accounting for more than 60% of global growth.[15]
  • 585 GW of renewable power capacity was added globally in 2024, increasing total capacity by 15.1%.[22]
  • 4,770 GW of renewable power capacity is projected to expand globally between 2026 and 2031, representing more than 80% of total power-capacity additions.[15]

Differentiation in the renewable power industry

  • 90% was the decline in solar PV’s global weighted-average LCOE between 2010 and 2024.[23]
  • USD 2,852 per kW was the global average total installed cost for offshore wind in 2024.[22]
  • USD 54–82 per MWh was the estimated 2025 firm cost of solar-plus-storage in high-quality solar-resource regions.[22]
  • USD 0.043 per kWh was the global weighted-average LCOE for new utility-scale solar PV projects in 2024.[22]
  • USD 1,041 per kW was the global average total installed cost for onshore wind in 2024.[22]
  • 91% of newly commissioned utility-scale renewable capacity in 2024 produced electricity more cheaply than the lowest-cost new fossil-fuel alternative.[22]

Mergers and acquisitions in the renewable power industry

  • USD 87 billion was the value of reported global renewable-energy mergers and acquisitions in 2025.[24]
  • 795 MW was the capacity of the Oklahoma combined-cycle generation facility that PSO agreed to acquire in June 2024.[25]
  • 9 renewable-asset transactions worth USD 12.5 billion were recorded in the period from November 2024 to November 2025.[26]
  • 957 MW was the combined capacity of four U.S. onshore wind farms in Ørsted’s 2024 equity transaction with Stonepeak.[27]
  • 21% of renewable-asset deal volume in 2025 involved developers monetizing mature projects to fund new pipelines.[28]

Strategic partnerships in the renewable power industry

  • 162 MWac was the capacity covered by Walmart’s 2024 PPA with EDP Renewables for a Texas solar project.[29]
  • 431 MW was the total renewable-energy offtake covered by Walmart’s national partnership with EDP Renewables after the 2024 agreement.[29]
  • 437 MW was the combined solar-and-wind hybrid offtake Microsoft purchased from ReNew in India.[30]
  • 2 GW of corporate renewable-energy procurement had been enabled in Japan since 2024 following Microsoft’s agreement with Shizen.[30]
  • 471 MW was the capacity of Ørsted’s Mockingbird Solar Center, which became fully contracted after its Bloomberg PPA.[27]
  • 34 GW was Microsoft’s contracted renewable-energy portfolio across 24 countries in 2024.[31]

07 Statistics

People & Workforce

Workforce readiness connects digitization and reskilling, with 41% of the power and utility workforce expected to be reskilled or upskilled under current plans.

Hiring in the renewable power industry

  • 9.9% was the anticipated 2024–2025 employment increase among U.S. wind-manufacturing employers.[32]
  • 93% of U.S. wind-manufacturing employers reported at least some difficulty finding qualified employees in 2024.[32]
  • 26% of U.S. solar employers said hiring qualified workers was very difficult in 2024, while 60% said it was somewhat difficult.[33]
  • 5.0% was the anticipated 2024–2025 employment increase among U.S. wind-construction employers.[32]
  • 7.8% was the anticipated 2024–2025 employment increase among U.S. wind professional and business-services employers.[32]

Employee retention in the renewable power industry

  • 53% of surveyed Canadian renewable-energy employers said uncompetitive compensation or benefits was a difficult retention challenge.[34]
  • 52% of Canadian renewable-energy employers reported excessive turnover as a retention difficulty, making it one of the sector’s most frequently cited challenges.[34]
  • 49% of surveyed Canadian renewable-energy employers said other employers hiring their senior talent was a difficult retention challenge.[34]
  • 43% of Canadian renewable-energy employers reported difficulty accommodating hybrid or flexible-work arrangements requested by applicants.[34]
  • 52% of surveyed Canadian renewable-energy employers identified excessive turnover as a difficult retention challenge.[34]

Remote Work in the utilities and renewable energy sector (sector benchmark)

  • Among U.S. utility employers recruiting new graduates, 9.3% of positions were fully remote in 2024.[35]
  • U.S. utilities employees worked 22.32% of paid days from home in 2026.[36]
  • U.S. utilities employees worked 31.42% of paid days from home in 2024.[36]
  • Across U.S. utilities, 18.2% of employees worked fully remotely in November 2024.[37]

Hybrid Work in the utilities and renewable energy sector (sector benchmark)

  • U.S. utilities had 28% of full-time employees in hybrid arrangements during September–December 2024.[38]
  • Across U.S. utilities, 51% of full-time employees worked either hybrid or fully from home during September–December 2024.[38]
  • Among U.S. utility employers recruiting new graduates, 43.4% of positions were fully hybrid in 2024.[35]
  • Across U.S. utilities, 32.5% of employees worked in hybrid arrangements in November 2024.[37]

Upskilling in the renewable power industry

  • 41% of the power and utility workforce was expected to be reskilled or upskilled under current plans.[29]
  • 100 people completed a wind-turbine-installer reskilling course in Romania’s coal region.[39]
  • 700-plus respondents participated in IEA surveys on industry employment, labour employment and educator employment conducted in 2025.[15]
  • Nearly 60% of power and utility executives estimated that their workforce required reskilling or upskilling for decarbonization and digitization.[29]
  • 7.5 months was the average education time estimated for each reskilled power and utility employee.[29]

Employee Engagement in the utilities and renewable energy sector (sector benchmark)

  • Across U.S. utilities, 70% of employees were engaged in the July 2025–June 2026 benchmark period.[40]
  • At Southern California Edison, 82% of employees gave a favorable overall engagement response in 2022.[41]
  • Among U.S. energy and utility organizations, 54% reported that frontline disengagement affected productivity in 2023.[42]
  • Among frontline energy and utilities workers, 57% said workplace communication tools were designed for desk workers rather than them in 2025.[43]

DEI in the renewable power industry

  • 19% of newly created U.S. energy-industry jobs in 2023 were held by women.[22]
  • 32% of full-time renewable-energy jobs globally were held by women in 2024.[22]
  • 40% of the global solar-PV workforce were women, according to IRENA’s solar-PV study.[22]

08 Statistics

Customer & Sales

Retail and community offerings show measurable customer outcomes, including 900,000 residential customers buying Green-e certified renewable energy products in 2024.

Customer experience in the renewable power industry

  • 73 points was the 2026 satisfaction score among municipal U.S. utilities for efforts to support green programs that impact the environment.[44]
  • 75 points was the 2026 satisfaction score among cooperative U.S. utilities for efforts to support green programs that impact the environment.[44]
  • 6.9 out of 10 was Evergy Solar Subscription customer satisfaction in 2024, up from 5.9 in the prior survey.[45]
  • 33% of U.S. energy customers rated their electric-utility satisfaction 5–7 on a 10-point scale in an ICF survey.[46]
  • 10% of U.S. energy customers rated their electric-utility satisfaction 0–4 on a 10-point scale in an ICF survey.[46]

Customer retention in the renewable power industry

  • 7% of Evergy Solar Subscription customers intended to leave after one year in 2024.[45]
  • 0.9% was the annual customer-attrition rate reported by a renewable retail-energy business in a community-solar industry discussion.[47]
  • 25 years was the customer-lifetime assumption used in NREL’s community-solar subscriber-management model in 2023.[48]
  • 5% was an estimated community-solar customer turnover rate cited in NREL’s 2023 solar cost benchmark.[48]
  • 1.5% was NREL’s default annual community-solar subscriber turnover assumption in its 2023 benchmark model.[48]

Customer acquisition in the renewable power industry

  • 15% of U.S. solar installers used partnerships frequently in 2023.[49]
  • 40% of U.S. solar installers used direct sales and advertising frequently in 2023.[49]
  • 76,137 customers were enrolled in Sacramento Municipal Utility District’s green-pricing program in December 2024.[50]
  • 96,916 customers were enrolled in DTE Electric’s green-pricing program in December 2024.[50]
  • 97,017 customers were enrolled in Puget Sound Energy’s green-pricing program in December 2024.[50]

Customer loyalty in the renewable power industry

  • 900,000 residential customers purchased Green-e certified renewable energy products in 2024.[51]
  • 44% of Evergy Solar Subscription participants were highly satisfied in 2024.[45]
  • 26,000 customers were enrolled in Green-e certified community-choice aggregation programs in 2024.[51]
  • 208,000 customers purchased unbundled Green-e certified RECs, PPAs or VPPAs in 2024.[51]
  • 7.6% was the decrease in customers purchasing Green-e certified retail renewable-energy options in 2024.[51]

Lead generation in the renewable power industry

  • 39% of U.S. solar installers used direct sales and advertising frequently for lead generation in 2023.[49]
  • 69% of U.S. solar installers did not use door-to-door selling for lead generation in 2023.[49]
  • 44% of U.S. solar installers used online marketplace platforms frequently for lead generation in 2023.[49]
  • 21% of U.S. solar installers did not use direct sales and advertising for lead generation in 2023.[49]
  • 15% of U.S. solar installers used partnerships frequently for lead generation in 2023.[49]

09 Statistics

Marketing & Brand

Customer and market communications rely on measured preference signals, including a 20% share of Americans over 55 willing to pay more for guaranteed 100% renewable electricity in May 2026.

Marketing in the renewable power industry

  • 4.2 out of 5 was the importance score for green-power selling price when marketing to California residential customers.[52]
  • 4.5 out of 5 was the importance score for product-related advertising when marketing green power to California residential customers.[52]
  • 82% was the increase in Cedar Creek Energy’s sales-qualified leads and firm orders from September–December 2023 to the same period in 2024.[53]
  • 45% of UK respondents correctly understood in 2023 that a green tariff means electricity use is matched by renewable-energy purchases by the supplier.[54]
  • 4.6 out of 5 was the importance score for company recognition and brand identification when marketing green power to California residential customers.[52]

Digital marketing in the renewable power industry

  • 40.7% of renewable-energy companies that produced video published new videos monthly.[55]
  • 33,000 people cumulatively accessed five digital versions of IRENA flagship publications during the 2024–2025 reporting period.[22]
  • 63.0% of renewable-energy companies surveyed used YouTube to distribute video content.[55]
  • 70.7% of renewable-energy companies surveyed identified LinkedIn as their top-performing video platform.[55]
  • 92.6% of renewable-energy companies surveyed used LinkedIn to distribute video content.[55]

Branding in the renewable power industry

  • 75% of consumers surveyed in the UK said they were more inclined to choose brands that use renewable energy in 2019.[56]
  • 15% of UK energy consumers cited a supplier being a well-known brand as a reason for switching in 2019.[54]
  • 20% of Americans over 55 said they would pay more for guaranteed 100% renewable electricity in May 2026.[57]
  • 19% of UK energy consumers cited a supplier’s green-energy offering as a reason for switching in 2020, up from 9% in 2019.[58]
  • 35% of American adults said they would definitely or probably not pay more for guaranteed 100% renewable electricity in May 2026.[57]

Social media in the renewable power industry

  • 18,928 Instagram followers were recorded by IRENA during its 2024–2025 reporting period.[22]
  • 8.2% was the increase in IRENA’s Instagram followers during its 2024–2025 reporting period.[22]
  • 3.8% was the Instagram engagement rate for energy brands in the first quarter of 2025.[59]
  • 2.0% was the Facebook engagement rate for energy brands in the first quarter of 2025.[59]
  • 0.8% was the decline in IRENA’s Facebook followers during its 2024–2025 reporting period.[22]

Influencer Marketing in the utilities and renewable energy sector (sector benchmark)

  • Across B2B companies, authenticity and credibility were the top influencer-selection criteria for 58% of marketers in 2025.[60]
  • Across B2B companies, influencer marketing was associated with a 39-percentage-point advantage in brand-awareness goal attainment in 2025.[60]
  • Across B2B companies, 76% of marketing leaders believed creator collaborations build brand authenticity in 2025.[60]
  • Across B2B companies, 55% were using influencers in 2025, while another 29% planned to adopt influencer marketing within the following year.[60]
  • Across B2B companies, 28% of marketers ranked thought leaders or industry analysts as the most effective influencer type in 2025.[60]

10 Statistics

Operations & Execution

Execution risk appears in grid queues and curtailment, while commissioning cost advantage is supported by 91% of projects commissioned globally in 2024 producing cheaper electricity.

Process optimization in the renewable power industry

  • 200 GW of planned wafer manufacturing capacity was cancelled in 2024, representing approximately USD 25 billion of deferred solar supply-chain investment.[15]
  • 91% of renewable power projects commissioned globally in 2024 produced electricity at a lower cost than the cheapest new fossil-fuel alternative.[22]
  • Nearly 60% of renewable capacity awarded in global auctions during the first half of 2024 included non-price criteria such as sustainability or system integration.[15]
  • 150 GW was added to the global advanced-stage renewable grid-connection queue between 2023 and 2024.[15]
  • 120 GW of wind capacity was added globally in 2024, representing about 17% of renewable capacity additions.[15]

Operational efficiency in the renewable power industry

  • 90% annual availability is assumed for U.S. solar PV plants in the Environmental Protection Agency’s 2023 reference case.[61]
  • 16.2 million people were employed in renewable energy worldwide in 2023, supporting the sector’s construction, operation and maintenance activities.[22]
  • 7.11 million solar PV jobs existed globally in 2023, making solar the largest renewable-energy employment segment.[22]
  • 96% annual availability is assumed for energy-storage plants in the U.S. Environmental Protection Agency’s 2023 reference case.[61]
  • 279,447 people worked in U.S. solar PV in 2023, including employees involved in installation, manufacturing, trade, distribution and operations.[22]

Quality management in the renewable power industry

  • 15% of PV module bills of materials experienced one or more failures during thermal-cycling testing in the 2025 Scorecard.[62]
  • 60% of PV module manufacturers experienced at least one module-breakage failure in the latest Kiwa PVEL testing year.[62]
  • 21% of PV module manufacturers experienced at least one junction-box-related failure in the latest Kiwa PVEL testing year.[62]
  • 90% of glass-glass PV module bills of materials had less than 2% degradation after TC600 testing in the 2025 Scorecard.[62]
  • 20% of PV module bills of materials experienced one or more failures during mechanical-stress-sequence testing in the 2025 Scorecard.[62]

Supply chain in the renewable power industry

  • Below USD 200 billion was invested globally in manufacturing capacity for six clean-energy technologies in 2024, down from nearly USD 220 billion in 2023.[15]
  • 4%–6% of global production capacity for major wind components such as nacelles, blades and towers was located in Central and South America.[15]
  • 15% of global clean-energy manufacturing investment came from the United States and European Union combined in 2023.[15]
  • Nearly 50 GWdc of annual U.S. solar-module assembly capacity had been announced after passage of the Inflation Reduction Act.[32]
  • About 80%–90% of global manufacturing capacity for solar PV, wind, batteries, electrolysers and heat pumps is concentrated in China, the United States and the European Union.[15]

Outsourcing / Offshoring in the utilities and renewable energy sector (sector benchmark)

  • 88% of power and utilities executives surveyed planned to rely more on vendors and contractors than previously, in a 2025 global energy survey.[3]
  • Approximately 45% of electric transmission, distribution and gas distribution work was outsourced in 2024, projected to exceed 50% over the following five years.[63]
  • 40% of U.S. power and utilities executives surveyed said they would outsource some business functions to external contractors, according to a 2025 survey.[3]
  • 68.4% of U.S. utilities surveyed outsourced bill printing in 2026, based on responses from 95 utilities across 18 states.[64]
  • 55% of surveyed solar OEMs, technicians and installers across the United States, United Kingdom, Germany and Spain outsourced most solar maintenance in 2025.[65]

11 Statistics

Finance & Pricing

Pricing signals concentrate around recent LCOE and installed cost benchmarks, including USD 0.043/kWh global weighted-average LCOE for new utility-scale solar PV in 2024.

Pricing strategy in the renewable power industry

  • USD 0.080/kWh was the average LCOE for offshore wind in Europe in 2024.[22]
  • USD 0.029/kWh was the weighted-average LCOE for new onshore wind projects in China in 2024.[22]
  • USD 0.057/kWh was the global weighted-average LCOE for new hydropower projects in 2024.[22]
  • 50–58 USD/MWh was the approximate U.S. PPA-price range for solar, blended renewable projects and wind in the fourth quarter of 2023.[32]
  • USD 0.033/kWh was the weighted-average LCOE for new solar PV projects in China in 2024.[22]

Cost reduction in the renewable power industry

  • 16% was the decline in global geothermal LCOE between 2023 and 2024.[22]
  • USD 2,852/kW was the global weighted-average installed cost for offshore wind in 2024.[22]
  • USD 1,041/kW was the global weighted-average installed cost for onshore wind in 2024.[22]
  • 93% was the decline in global battery-storage project costs between 2010 and 2024.[22]
  • USD 691/kW was the global weighted-average installed cost for solar PV in 2024.[22]

Profitability in the renewable power industry

  • €1.502 billion was RWE’s 2024 adjusted EBITDA from onshore wind and solar.[66]
  • -10% was the reported margin of the largest Chinese solar manufacturers in 2025 after module prices fell more than 60% since 2023.[15]
  • DKK 31.959 billion was Ørsted’s total EBITDA in 2024.[67]
  • USD 467 billion in fossil-fuel costs were avoided by renewable power added since 2000 in 2024.[22]
  • €1.559 billion was RWE’s 2024 adjusted EBITDA from offshore wind.[66]

Financial planning in the renewable power industry

  • USD 54 billion was invested in battery storage globally in 2024, a 33% year-on-year increase.[22]
  • USD 2.4 billion was invested in concentrating-solar-power capacity globally in 2024.[22]
  • USD 31.1 billion was invested in hydropower generation capacity globally in 2024, excluding pumped storage.[22]
  • USD 624 billion was invested globally in renewable power-generation capacity in 2024.[22]
  • USD 435.7 billion was invested in solar PV generation capacity globally in 2024.[22]

12 Statistics

Product & Service

Component and O&M performance metrics track productization in solar and wind, including 90% of global solar-module shipments in 2024 being bifacial.

Product development in the renewable power industry

  • 15.7% was the global learning rate for offshore wind, reflecting more limited deployment scale and supply-chain constraints.[22]
  • 21.7% to 23.8% was the global range of solar-module efficiencies in 2024, with TOPCon and heterojunction technologies becoming standard.[22]
  • 90% of global solar-module shipments in 2024 were bifacial modules, according to IRENA.[22]
  • 25% was the approximate global learning rate for onshore wind technology.[22]
  • More than 95% of China’s energy patenting in 2022 was in low-emissions technology areas, including renewable-power technologies.[15]

Product lifecycle in the renewable power industry

  • 78 million tonnes of raw materials and other valuable components could be available globally from solar PV recycling or repurposing by 2050.[22]
  • More than 3,000 wind-turbine blades per year was the U.S. recycling capacity reported for blade recyclers as of 2022.[32]
  • 200,000 to 370,000 tons of wind-turbine blade waste per year is projected in the United States by 2050.[32]
  • 25 years is the assumed technical lifetime for solar PV systems in IRENA’s renewable-energy pathway methodology.[22]
  • 30 years is the assumed PV-module lifespan used in the U.S. Department of Energy’s photovoltaic end-of-life projections.[32]

After-sales in the renewable power industry

  • 8.3% of lost energy production could be recovered through optimal O&M, based on data from 2,200 California PV systems.[32]
  • 4% of U.S. solar electric-power-generation employment was in utilities in 2024, while 49% was in construction.[68]
  • More than 600,000 operations-and-maintenance jobs existed worldwide in solar PV and wind in the IEA’s assessment.[15]
  • 8,200 operations-and-maintenance workers were employed at U.S. wind projects in 2019.[32]
  • 80% or more of surveyed U.S. wind O&M workers spent money in the community where they worked and lived.[32]

Value proposition in the renewable power industry

  • 17.4% was the global average solar-PV capacity factor in 2024, compared with 15% in 2010.[22]
  • 452.1 GW of solar PV capacity represented 77.8% of all renewable capacity added globally in 2024.[22]
  • USD 44 per MWh was the global weighted-average LCOE for solar PV in 2024, down 90% from 2010.[22]
  • 114.3 GW of wind capacity was added globally in 2024, making wind the second-largest contributor to renewable capacity additions.[22]
  • USD 338 billion was invested in U.S. energy technology financing in 2024, an increase of USD 35 billion from 2023.[14]

13 Statistics

Sustainability & Ethics

Workforce and recycling topics run in parallel with deployment emissions impacts, including solar PV deployment avoiding 1.5 gigatonnes of annual CO2 emissions globally in 2025.

Sustainability in the renewable power industry

  • 28% of STEM-related renewable-energy roles were held by women globally in 2025.[22]
  • 36% of unionized U.S. energy firms offered or required diversity-and-inclusion training in 2023.[22]
  • 30% of jobs in the U.S. wind and solar power sectors were held by women in 2023.[22]
  • 14% of U.S. solar workers were represented by a union or labor agreement in 2023.[22]
  • 32% of full-time renewable-energy jobs were held by women globally in 2025.[22]

ESG in the renewable power industry

  • 8% of Pattern Energy contractors reporting diverse ownership were minority business enterprises in 2024.[69]
  • 22% of Pattern Energy contractors reporting diverse ownership were women-owned businesses in 2024.[69]
  • 7% of Watts Water Technologies’ water withdrawals occurred in areas with high or extremely high baseline water stress in 2023.[70]
  • 3% of Pattern Energy contractors reporting diverse ownership were Indigenous-owned, Aboriginal-owned or visible-minority-owned businesses in 2024.[69]
  • 16% of Pattern Energy’s U.S. and Canadian contractors reported independently certified diverse ownership in 2024.[69]

Ethics in the renewable power industry

  • 2 formal water-enforcement actions were recorded by Watts Water Technologies in 2022.[70]
  • 12% of Watts Water Technologies’ nonexecutive managers were women in 2021.[70]
  • 3–5 days was Swire Renewable Energy’s targeted payment period for subcontractors after invoice receipt in 2024.[71]
  • 13% of Watts Water Technologies’ nonexecutive managers were women in 2022.[70]
  • 16% of Watts Water Technologies’ nonexecutive managers were women in 2023.[70]

Circular economy in the renewable power industry

  • 21–35 million tonnes of cumulative photovoltaic waste could arise in the EU by 2050.[72]
  • 1 million tonnes is the projected cumulative volume of end-of-life solar panels in Australia by 2035.[73]
  • AUD 1 billion is the projected material value of Australia’s end-of-life solar panels by 2035.[73]
  • 10%–15% of a wind turbine’s mass remains difficult to recycle using current commercial technologies.[32]
  • 95% of photovoltaic-panel materials are recyclable, according to Australia’s Clean Energy Council.[73]

Carbon footprint in the renewable power industry

  • Solar PV deployment avoided 1.5 gigatonnes of annual CO2 emissions globally in 2025.[15]
  • Clean-energy deployment since 2019 avoided more than 35 exajoules of annual fossil-fuel demand in 2025.[15]
  • Global electricity-generation emissions intensity fell 3% in 2024, reflecting growth in renewable and nuclear generation.[15]
  • Solar PV, wind, nuclear power, electric cars and heat pumps together avoided around 3 gigatonnes of CO2 emissions globally in 2025.[15]
  • 20–85 grams of CO2-equivalent per kilowatt-hour is the estimated lifecycle-emissions range for crystalline-silicon solar PV in 2020.[15]

15 Statistics

Globalization & Expansion

Deployment and manufacturing emphasis remains centered in a few regions, while capacity additions in smaller markets stay measurable, including Africa’s 11.3 GW in 2025.

Globalization in the renewable power industry

  • Small island developing states had 9 GW of combined renewable capacity at the end of 2024, representing 0.2% of the global total.[22]
  • Africa accounted for 4.2 GW, or 0.7%, of global renewable capacity additions in 2024.[22]
  • 582 GW of renewable power capacity was added worldwide in 2024, the highest annual increase recorded.[22]
  • 453 GW of solar power capacity was added globally in 2024.[22]
  • Solar PV and wind together represented 95% of global renewable-capacity growth in 2024.[15]

Cultural adaptation in the renewable power industry

  • Approximately 10% of ReNew’s manufacturing workers hired in fiscal year 2023–24 were women in India.[84]
  • 7,919 people benefited directly from Vestas community-engagement initiatives across Latin America, Asia Pacific, Africa and the Mediterranean in 2024.[75]
  • 57.33% of ReNew’s workforce was aged 30–50 in fiscal year 2023–24 in India.[84]
  • 349 women joined ReNew as new employees or workers in fiscal year 2023–24 in India.[84]
  • 913 workers were hired by ReNew for manufacturing operations in fiscal year 2023–24, creating local employment in Telangana, India.[84]

Supplier management in the renewable power industry

  • China accounted for 60% of global rare-earth mining used in wind-turbine magnets in 2024.[15]
  • Almost 60% of renewable-energy auction capacity awarded worldwide in the first half of 2024 included non-price criteria such as supply-chain security.[15]
  • About 200 GW of planned wafer manufacturing capacity was cancelled amid solar supply-chain overcapacity by 2024.[15]
  • United States and European Union manufacturers represented about 30% of global clean-energy manufacturing investment in 2025.[15]
  • Global clean-energy manufacturing investment fell below USD 200 billion in 2024 across solar PV, wind, batteries, electric vehicles, electrolysers and heat pumps.[15]

Stakeholder management in the renewable power industry

  • More than 12,400 community-benefit activities had been funded by Iberdrola since 2015, according to its stakeholder information.[85]
  • Iberdrola’s cumulative non-profit contribution reached €878 million since 2007 under the B4SI model.[85]
  • 100% of in-scope Vestas social-impact assessments were targeted for annual completion by 2025.[75]
  • 83% of qualifying Vestas projects underwent a social due-diligence process across three regions in 2024.[75]
  • More than €12.4 billion of Iberdrola’s 2025 procurement went to sustainable suppliers.[85]

Distribution channels in the renewable power industry

  • About 5% of American households had adopted locally produced clean energy by 2024, according to Sunrun’s market assessment.[86]
  • NRG’s residential customer base included approximately 6 million retail-energy customers at the end of 2024 in the United States.[83]
  • NRG’s residential customer base included approximately 2 million smart-home customers at the end of 2024 in the United States.[83]
  • 7.5 GW of networked solar-energy capacity supported Sunrun’s customer base at the end of 2024 in the United States.[86]
  • 94% of Sunrun customers added in 2024 selected the company’s subscription offering in the United States.[86]

Key questions about the renewable power industry

What is the current global renewable power market size by capacity?
Global renewable power capacity reached 5,149 GW at the end of 2025. This followed 692 GW expansion during 2025.
How fast is renewable power expected to grow from 2025 to 2031?
The implied compound annual growth rate over 2025–2031 is 10.8%. The IEA projects renewables capacity to expand by more than 4,770 GW between 2026 and 2031.
Which companies lead the renewable power industry?
EDF leads Gitnux's 2026 renewable power ranking with an Overall score of 9.3, with 41.4 GW of net renewable capacity operated at end-2025. NextEra Energy is the runner-up at 9.0, driven by about 72 GW in operation and roughly 12 GW of renewable origination.
Which technology is driving the shift in new renewable capacity additions?
Solar PV led 2025 additions with 510 GW, nearly three-quarters of the global total. Wind added 159 GW in 2025.
How concentrated is deployment and manufacturing geographically?
China, the United States and the European Union accounted for 550 GW, or 79.5%, of new renewable capacity installed in 2025. For 2026–2031, China is forecast to contribute 53% of global renewable capacity growth.
What operational constraints matter most for scaling projects?
Grid connection queues reached almost 4,500 GW in 2026. Curtailment of wind and solar was nearly 200 TWh in 2025 and could exceed 800 TWh by 2031.
Reference

Cite This Report

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APA
Samuel Norberg. (2026, November 10). Renewable Power Industry Statistics. Gitnux. https://gitnux.org/renewable-power-industry-statistics
MLA
Samuel Norberg. "Renewable Power Industry Statistics." Gitnux, 10 Nov 2026, https://gitnux.org/renewable-power-industry-statistics.
Chicago
Samuel Norberg. 2026. "Renewable Power Industry Statistics." Gitnux. https://gitnux.org/renewable-power-industry-statistics.

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