Global renewable power capacities increased by 585 GW to reach 4,448 GW in 2024, according to the International Renewable Energy Agency (IRENA). Most of the expansion came from new solar (+452 GW) and wind capacities  (+113 GW), followed by hydropower to a lesser extent (+15 GW).

Asia more than doubled its installed solar capacity, with 327 GW added in 2024, including 85% (278 GW) in China and 10% (24.5 GW) in India); in addition, over 38 GW of solar capacity was installed in the United States, while Brazil and Germany each added over 15 GW. Global wind capacity additions slowed down to 113 GW, with China accounting for more than 2/3 of the additions (80 GW) and significant growth in Brazil, India, Canada, Türkiye and several European countries. China also accounted for most of the hydropower capacity additions in 2024 (over 14 GW out of 15 GW added) and for around 64% of global renewable additions.

This 585 GW capacity addition marks the highest annual increase since 2000, though this growth still falls short of the pace required to achieve the target to triple global installed renewable power capacity to more than 11 TW by 2030.