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Home » Uncategorized » China dominates installed renewable energy capacity
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China dominates installed renewable energy capacity

Eleanore RobinsonBy Eleanore RobinsonMay 5, 20212 Mins Read
Poland auctions 2.2GW of onshore wind

The world’s total installed renewable energy amounted to almost 2800GW in 2020.

Leading the way was China with an installed renewable energy capacity of 895GW, larger than the next five nations combined, according to data from TradingPlatforms.com. 

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The next on the list is the US with a distant 292GW. 

The US, Brazil, India, Germany and Canada had a combined capacity of 809GW in 2020.

Japan was the only other country to have a capacity greater than 100GW, while Italy and France both had capacities of 55GW in 2020 to close out the top 10.

The data showed total renewable energy capacity increased by 10% year-on-year (YoY) in 2020 from 2538GW to 2799GW.

From 2015-2020 total installed renewable energy capacity grew at a compound annual growth rate (CAGR) of 8.67%.

Several various types of renewable energy also experienced varying levels of growth.

In 2020 hydro energy, bioenergy and geothermal energy all experienced modest growth of between 1% and 2%.

However, both wind and solar energy experienced significant YoY growth in 2020.

Wind energy experienced an almost 18% YoY growth, while solar had a YoY growth of 21.6%

TradingPlatforms.com editor Rex Pascual said: “Renewable energy continues to break deeper into the mainstream and has steadily increased its share of the world’s total power production in recent times.

“China has set a high benchmark for other nations in its quest to be the world’s primary source of renewable energy, a feat it is so far accomplishing.”

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