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Asharq Al-Awsat
Asharq Al-Awsat
Business
Asharq Al-Awsat

IEA: Renewable Energy to Grow to New Record in 2022

IEA European Union Solar Energy Electricity Europe International Energy Agency Natural Gas China Germany Supply chain
A field of solar panels is seen near Royston, Britain, April 26, 2021. REUTERS/Matthew Childs

The world will set a new record for renewable power capacity this year led by solar energy in China and Europe, but growth could lose steam in 2023, the International Energy Agency said Wednesday.

A record 295 gigawatts of new renewable power capacity was added in 2021 despite supply chain bottlenecks, construction delays and high prices of raw materials, the IEA said in a report.

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