US 1Q of 2024
- Solar installations in US have surpassed 100 GW. it took 18 years to get to 50 GW, and 4 years for it to double the capacity. 4.5 GW of solar capacity was added in 1Q 2024
- 132 MW Offshore wind project in South Fork started generation. This is a wind farm off the coast of NY with 12 SG-11 GW wind turbines
- The pipeline for clean energy projects is 175 GW out of which 31.6 GW is the pipeline for BESS, and 13.7 GW of onshore wind.
Source: https://www.datacenterdynamics.com/en/news/us-adds-56gw-of-utility-scale...
India 1Q of 2024
- Solar installations in India are at 82.64 GW, with 9.5 GW addition in 1Q of 2024.
- Indian government has a target of 50 GW annual auctions of RE until 2028
Source: https://www.energetica-india.net/news/indias-solar-revolution-q1-2024-se...
The following statistics were collected in early 2024:
Installed Capacity
- Total wind power capacity worldwide as of the end of 2023: 1,021 GW or 1 TW
- Total wind power capacity worldwide at the end of 2022: 906 GW
- Total wind+solar power capacity in USA at the end of 2023: 262 GW
- Total wind power capacity in USA at the end of 2022: 144 GW
- Total energy storage capacity worldwide as of the end of 2022 (all types including pumped hydro): 174 GW
- Total BESS capacity worldwide was of the end of 2023:
- Total energy storage capacity in USA at the end of 2023: 15.5 GW
- China's cumulative energy storage capacity reached 34.5 GW/74.5 GWh by the end of 2023 (https://www.pv-magazine.com/2024/01/12/chinese-pv-industry-brief-station...)
New Capacity Addition
- Global capacity additions of wind and solar PV in 2023: 510 GW (IEA, https://www.iea.org/reports/renewables-2023/executive-summary)
- 75% of VRE capacity addition in 2023 was solar PV
- Wind power capacity addition worldwide in 2023: 117 GW, which includes 11 GW of offshore wind. 77% of new additions were in China.
- Wind power capacity addition worldwide in 2022: 77 GW
- Wind power capacity addition in USA in 2022: 8.5 GW
- Total wind+solar power capacity in USA addition in 2023 is: 33.8 GW
- In Energy terms, the percentage of wind and solar energy worldwide is about: 12.2%
- In Energy terms, the percentage of wind and solar energy in US is about: 14%
- China added 21.5 GW/46.6 GWh of new energy storage installations in 2023, up 194% year on year (https://www.pv-magazine.com/2024/01/12/chinese-pv-industry-brief-station...)
- Tesla added grid-connected BESS in 2023 of 14.7 GWh (https://www.energy-storage.news/tesla-deployed-14-7gwh-of-energy-storage...)
Sources: https://www.eenews.net/articles/us-sets-clean-power-installation-record-..., and others.
https://www.powermag.com/group-says-record-117-gw-of-new-wind-power-gene...
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