Renewable energy accounts for 92% of new global capacity, according to EDB data

Over the past ten years, the global energy transition has accelerated significantly, as indicated by data on the development of renewable energy. This is evidenced by EDB data.

By the end of 2024, renewable energy sources (RES) accounted for 92% of all new generating capacity commissioned worldwide. This indicates the de facto dominance of ‘green’ generation in new energy investments.

A key factor in this growth has been the falling cost of technology. Since 2015, the cost of solar generation has fallen by 70%, and that of wind generation by 55%. This has made RES competitive with traditional energy sources even without subsidies.

Investment in the sector also remains high: in 2024, it amounted to around $2.2 trillion.

Against this backdrop, global capacity installation trends show steady growth, reflecting a structural shift towards low-carbon energy.