Despite headwinds caused by the lasting impacts of the coronavirus pandemic, supply chain constraints, trade disputes, and an energy crisis, renewable energy is on pace to set another global record for generating capacity in 2022, according to the International Energy Agency (IEA).
Renewable energy capacity additions increased by 6% in 2021 to almost 295 GW. Deployment is expected to increase by over 8% in 2022, IEA said, surpassing 300 GW of installed renewable capacity for the first time.
Solar PV will likely account for 60% of global renewable capacity added this year as 190 GW is brought online, a 25% increase from last year.
