LONDON – Global additions of renewable power capacity are expected to rise by a third this year, the International Energy Agency (IEA) said on Thursday, as stronger government policies and energy security concerns drive more clean energy deployment. In its Renewable Energy Market update report, the IEA said additions of renewable capacity worldwide are set to jump by 107 gigawatts (GW), the largest absolute increase ever, to more than 440 GW in 2023. Next year, total global renewable electricity capacity is expected to rise to 4,500 GW, equivalent to the total power output of China and the U.

https://business.inquirer.net/403769/new-global-renewables-capacity-additions-to-rise-by-a-third-this-year-iea

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