Renewables increase by GW161 in 2016, more bang less buck
Global renewable energy saw a record 161 GW increase in capacity in 2016, a growth of 10% from the previous year, according to REN21, a group of public and private sector organisations from 155 nations encompassing 96% of the world’s population. Due to sharply falling solar and wind power costs, the new capacity cost $242bn, a 23% fall on investment in 2015. Whilst investment in renewables was higher than in fossil fuels, subsidies for green energy remained lower than those for coal, oil and gas.
As the world’s only crowd-sourced report on renewable energy, the Renewables 2023 Global Status Report (GSR) is in a class of its own. It covers policies, markets, and much more, while telling the most up-to-date global story on renewable energy.

Since 2005, the GSR has worked with its many contributors to put the spotlight on ongoing developments and emerging trends that shape the future of renewable energy. Producing this report each year is a truly collaborative effort of hundreds of experts contributing data, reviewing chapters and co-authoring the report. Read more here.