Page 21 - bne IntelliNews monthly magazine October 2024

bne October 2024 Companies & Markets I 21
China leads the world in wind power generation both in terms of installed capacity and the rate at which it is adding more capacity, according to the World Energy 2024 report. / bne IntelliNews
bne:Green
Global wind power installations reached
a new high in 2023 bne IntelliNews
Global wind power installations reached a new high in 2023, increasing renewable energy’s share of total power generation to 30%. Who are the leading countries?
China leads the top 15 countries by total installed wind turbine capacity with 442GW and the growth rate of new capacity
is running at 19.1% per year, based on data from the Energy Institute’s Statistical Review of World Energy 2024 report.
The US is in second place with 148GW, with a much more modest growth rate of 9.4%. Germany leads Europe with 68GW and a 7.6% growth rate. And India is in fourth place with 45GW and a growth rate of 9.3%.
In 2023, clean power made up 35% of China's electricity mix, with hydro the largest single source of clean power at 13%. Wind and solar hit a new record share of 16%, above the global average (13%). China generated 37% of global wind and solar electricity in 2023, enough to power Japan.
Renewables make up 24% of US energy generation but that is expected to rise to 26% by the end of this year, according to International Energy Agency (IEA): natural gas accounts for
Wind Installations as of 2023
www.bne.eu