Fastest Growing Renewable Energy Sector: Data and Trends

In 2023, solar photovoltaics surged by 32.59%, officially making it the fastest-growing renewable energy source worldwide. Yet offshore wind, which soared by 57.87% in 2021, remains a formidable competitor in total electricity output due to its high capacity factor. This concise overview highlights how policy incentives, cost reductions, and manufacturing advances are propelling solar to the…