Renewable energy didn’t just grow last year — it expanded at a pace not seen in years.
An estimated 507 gigawatts of renewable electricity were added to grids around the world in 2023 — a new record, and an almost 50 percent year-over-year increase from 2022. That’s the fastest growth rate renewable additions have seen in over two decades.
I agree Gene but I think it also has to do with Nem 2.0 to Nem 3.0 in California where they changed the rate of compensation for people who have solar. Most of the solar was being sold in California for residential installations.