Global Renewables in 2022 Aug 22,2022.

The world added a record 295 gigawatts (GW) of new renewable power capacity in 2021, overcoming supply chain challenges, construction delays, and high raw material prices.

Global capacity additions are expected to rise 25 GW this year to 320 GW. That’s the equivalent of meeting the entire electricity demand of Germany, or matching the EU’s total electricity generation from natural gas.

Solar is on track to account for 60% of global renewable power growth in 2022, by wind and hydropower.

In the European Union, annual additions jumped by almost 30% to 36 gigawatts in 2021. Europe’s renewable capacity is set to grow more in 2022 and 2023, as Brussels aims to launch a “European Solar Rooftops Initiative” to help cut gas-fueled power and heating in domestic and commercial buildings and move away from Russian fossil fuels, according to a draft seen by Reuters, which is expected to be published next week.

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