IRENA’s report Renewable Capacity Statistics 2023 shows that in 2022, Asia accounted for nearly 60 percent of the worldwide increase in renewable energy generating capacity, resulting in a total of 1.63 Terawatt (TW) of renewable capacity by year end. A huge part of this increase occurred in China.
Asia is home to more than 50 percent of the world's population, and in recent years, the region has experienced phenomenal economic growth. With the rise of local economies, the energy demand in the region is increasing faster than anywhere else in the world.
Governments in the region have outlined aspirational plans to accelerate the development of renewable energy. As a result of these efforts, Asia has surpassed North America and Europe in terms of its renewable energy generation.
Globally, renewable capacity grew by 9.6 percent in 2022, adding a record 295 GW worldwide. This accounts for 83 percent of all power capacity added last year and brings the global renewable generation capacity to 3,372 GW by the end of last year, the report said.
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