Global Renewable Energy Capacity Hits Record High in 2026
Wind and solar installations surge as governments accelerate clean energy transition amid climate commitments.
The global renewable energy sector achieved unprecedented growth in 2026, with total installed capacity surpassing 4,500 GW for the first time. This milestone represents a 23% increase from the previous year, driven primarily by accelerated solar and wind deployment across Asia, Europe, and North America.
Solar Leading the Charge
Solar photovoltaic installations accounted for nearly 60% of new renewable capacity additions, with China alone installing over 200 GW. Falling panel costs and improved efficiency ratings have made solar the most economically attractive option for many markets.
Wind Power Expansion
Offshore wind farms saw particularly strong growth, especially in Northern Europe and along the US East Coast. New floating wind technology enabled deployment in deeper waters, opening vast new areas for development.
Market Implications
Industry analysts project that renewables will account for over 45% of global electricity generation by 2027, up from 38% in 2025. This rapid transition is reshaping energy markets and accelerating the retirement of coal-fired power plants worldwide.
