Renewable Energy Installed Capacity by Type

Source Research:

Industrial Electrification Technologies

Market Data | 18 Nov 2024 | MD-IEMD-24

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Spearheaded by solar, the total capacity for renewable energy is forecast to grow at a Compound Annual Growth Rate (CAGR) of 12.4% between 2024 and 2030, reaching 8,855 Gigawatts (Gw) by the end of the decade. Wind and hydropower are also significant contributors to renewable energy, with biofuels and geothermal energy being nascent.