Global addition of 320 GW forecast Solar booming, onshore wind limited Policy lag threatens 2023 stasis Global additions of renewable power capacity are expected to increase by over 8% in 2022 versus last year, pushing through the 300 GW mark for the first time despite rising costs and supply chain bottlenecks, the International Energy Agency said May 11. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Additions are expected to total 320 GW this year, topping last year’s record 295 GW, the IEA said in its latest Renewable Energy Market Update. “Unprecedented growth in capacity additions is mainly driven by solar PV in China and Europe as renewables demonstrate their energy security benefits amid market turmoil,” the IEA said. Stronger-than-expected growth in China, the EU and Latin America this year would more than offset slower growth in the US and Japan, the […]