RENEWABLE POWER GENERATION COSTS IN 2021: New report coming soon

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Supporting countries in their transition to a sustainable energy future

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IRENA Membership Growth

 

With 167 Members, IRENA plays a leading role in the energy transformation as a centre of excellence for knowledge and innovation, a global voice for renewables, a network hub and a source of advice and support for countries.

 

 

 

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IRENA Council meeting

 

As a part of its contribution to the Climate Investment Platform, IRENA invites financial institutions, development organisations and private investors prepared to support the realisation of projects and projects in need of support to register their interest.

 

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Insights on Renewables

 
At the end of 2021, global renewable generation capacity amounted to 3 064 GW. Renewable generation capacity increased by 257 GW (+9.1%) in 2021. Sixty per cent of the new capacity in 2021 was added in Asia, resulting in a total of 1.46 Terawatt (TW) of renewable capacity by 2021. China was the biggest contributor, adding 121 GW to the continent’s new capacity. Europe and North America—led by the USA—took second and third places respectively, with the former adding 39 GW, and the latter 38 GW. Renewable energy capacity grew by 3.9 per cent in Africa and 3.3 per cent in Central America and the Caribbean. Despite representing steady growth, the pace in both regions is much slower than the global average, indicating the need for stronger international cooperation to optimise electricity markets and drive massive investments in those regions.

 

 

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