Visualized: Renewable Energy Capacity Through Time (2000–2023)


This post is by Selin Oğuz from Visual Capitalist


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The following content is sponsored by National Public Utilities Council

Visualized: Renewable Energy Capacity Through Time (2000–2023)

Global renewable energy capacity has grown by 415% since 2000, or at a compound annual growth rate (CAGR) of 7.4%. However, many large and wealthy regions, including the United States and Europe, maintain lower average annual renewable capacity growth. This chart, created in partnership with the National Public Utilities Council, shows how each world region has contributed to the growth in renewable energy capacity since 2000, using the latest data release from the International Renewable Energy Agency (IRENA).

Renewable Energy Trends in Developed Economies

Between 2000 and 2023, global renewable capacity increased from 0.8 to 3.9 TW. This was led by China, which added 1.4 TW, more than Africa, Europe, and North America combined. Renewable energy here includes solar, wind, hydro (excluding pumped storage), bioenergy, geothermal, and marine energy. During this period, capacity growth in the U.S. has been slightly faster than what’s been seen in Europe, but much slower than in China. However, U.S. renewable growth is expected to accelerate due to the recent implementation of the Inflation Reduction Act. Overall, Asia has shown the greatest regional growth, with China being the standout country in the continent.
Region2000–2023 Growth10-Year Growth (2013–2023)1-Year Growth (2022–2023)
Europe313% (Read more…)