London, São Paulo – The world’s wind and solar projects combined to meet more than a tenth of global electricity demand for the first time in 2022, according to research company BloombergNEF (BNEF).
In combination, wind and solar now contribute 37EJ to the global energy system, up 15% year-on-year. Their combined output has grown at an average 17% per year for the past decade, taking them from a total of just 8EJ in 2013 to the 2023 figure of 37EJ.
One of the most striking details in this year’s report is that wind and solar, when combined, added more new energy to the global mix in 2023 than any other source, as shown in the figure below. The combined 4.9EJ of new energy from wind and solar in 2023 accounted for 40% of the overall increase in global demand, ahead of oil (39%) and coal (20%).
The growth alone in wind and solar generation (+557 TWh) met 80% of global electricity demand growth in 2022 (+694 TWh). Clean power growth is likely to exceed electricity demand growth in 2023; this would be the first year for this to happen outside of a recession.
In May, more than half of Spain’s electricity generation came from wind and solar for the first time ever. Poland hit the threshold of a third of its electricity from wind and solar in the same month. And Hungary set consecutive records for solar generation in April, May and June this year.
The pace of the rollout of wind and solar power has exceeded many people’s expectations, according to Dr Rosslowe. It has also allowed Member States to reduce their exposure to volatile fossil fuel prices. "There's no single secret," he says.
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