By Anshula Mandaokar, 11 May, 2023
Wind and solar power are regaining their position in the energy field with high-rising hopes day by day. It accounts for almost 39 percent of global electricity combined with renewables and nuclear in 2023.
According to the reports by Ember's Fourth Annual Global Electricity Review, wind, and solar energy accounted for around 12 percent of global electricity in 2022. There has been significant growth in this power production over the past twenty years, as per the reports. The data also said in 2022, solar energy added a record 245 TWH of generation, and wind added a record 312 TWH. Together, they accounted for 80 percent of the world's increasing need for electricity in 2022.
But again, other fossil fuels and coal are also needed to meet the world's overall need for electricity. While wind and solar energy are moving in a pretty good direction with significant progress, coal and other fossil fuels are still needed to meet the growing electricity need.
The reports also added a 2.5 percent increase in demand on average for electricity in 2022. But this demand varies from region to region. Asia has the most significant growing demand for electricity needs. Still, Latin America is the only region with increased clean power to meet the rising electricity demand over the past seven years. But at the same time, fossil generation is reducing.
Anshula Mandaokar
Team Lead - Research
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