Renewable Capacity Statistics 2025 released by the International Renewable Energy Agency (IRENA) today shows a massive increase in renewable power capacity during 2024, reaching 4 448 gigawatts (GW). The 585 GW addition last year indicates a 92.5% share of the total capacity expansion, and a record rate of annual growth (15.1%).
Hear me: in ten years of time we’ll have so much cheap energy it will be a “problem”.
It already is a “problem”
In what way?
Solar spikes in markets with a lot of solar for example.
Ah, but that is just a problem to be overcome, IMO anyways.
I commented this in a related post, but according to the IEA, in 2024 renewables accounted for 38% of new energy generation, and 32% of new electricity generation. That’s a big discrepancy from the 90% cited in this report, which refers to "renewable power capacity,"defined as:
the maximum net generating capacity of power plants and other installations that use renewable energy sources to produce electricity.
Not quite sure why that difference in definition leads to such different figures.
