Energy Institute Report: Rise of Renewables Continues

June 28, 2024--Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--Global renewable electric generation capacity hit a new record in 2023, according to the Statistical Review of World Energy 2024. Hydroelectric generation, combined with solar and wind generation, accounted for 30% of the world's installed electric generation capacity in 2023, up from 29% in 2022, said the report, which was released June 20. The report was prepared by the Energy Institute (London, England), with assistance from KPMG (Amstelveen, Netherlands) and Kearney (Chicago, Illinois).