IRENA: Solar PV is the only technology on track to meet 2030 investment targets
Technology tamfitronics These figures are slightly less optimistic than similar numbers published by Ember Climate last month, which assessed the world’s 2023 solar capacity additions to be 459.5GW. Both organisations, however, note that solar dominates the world’s clean energy capacity additions, with IRENA noting that, in 2023, the world added just 114.5GW of new wind capacity, the second-most among technologies, behind solar.The graph above compares the IRENA’s forecasts for the next six years to similar predictions made by the International Energy Agency (IEA) last week. The graph demonstrates that, while IRENA’s overall forecasts are more optimistic—expecting the world to have installed 11,174GW of renewable power generation capacity by 2030, compared to less than 10,000GW in the IEA forecast—the IRENA forecast suggests that solar power will make up a smaller portion of this energy mix.However, the...