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Hydro power remains the leading source of renewable energy, with a capacity increase from 1300 GW in 2021 to 1400 GW in 2023. This significant trend underscores the importance of hydroelectric systems in meeting global energy needs. The integration of hydro power into national energy strategies is crucial for sustainable development, providing a reliable electricity source while combating climate change. Additionally, this growth aligns with global policies aimed at reducing carbon footprints through increased utilization of renewable resources. Hydro power's role in energy diversification cannot be overstated, particularly as nations strive for energy security.
The solar energy sector has witnessed remarkable growth, reaching a capacity of 900 GW by 2023. This increase reflects a strong commitment to renewable energy sources aimed at curbing greenhouse gas emissions. Solar energy’s advancement is driven by technological innovations and declining costs, making it more accessible for commercial and residential installations. Various countries are investing heavily in solar power as part of their long-term energy strategies, aiming to harness sunlight to meet electricity demands sustainably. Furthermore, the expansion of solar energy fosters job creation and boosts economic growth in the renewable sector.
Wind energy capacity has expanded significantly, growing from 600 GW in 2021 to 700 GW in 2023. This upward trend in wind energy reflects global efforts to transition to cleaner energy systems. Investments in wind farms are escalating, driven by advancements in turbine technology and efficiency improvements. Countries are increasingly recognizing the potential of wind energy to create sustainable jobs and contribute to energy independence. Furthermore, as legislation supports the adoption of wind technologies, the renewable sector is taking a pivotal role in combating climate change and meeting future energy demands sustainably.