According to year-end reports, the global marketplace added sustainable energy options at a record pace during 2023 despite a series of financial setbacks and shrinking investor interest.
Data from the International Energy Agency claims that more than 440 kilowatts of renewable energy were added to the global grid in 2023.
Growing solar power infrastructure reportedly caused a 40% to 53% drop in solar panel prices in Europe between 2022 and 2023.
Likewise, 2023’s increase in wind energy capacity purportedly generated enough energy to power a record 80 million homes worldwide.
