Global Renewable Energy Industry - Statistics & Facts

Published by T. Wang, Sep 12, 2019
Renewable energy is characterized by the use of resources that can be naturally renewed within a human lifetime. Sources of renewable energy include sunlight, wind, wood residues, waves, and geothermal heat. Distributed generation has often been linked to the increased use of renewable energy within the electric power distribution system. However, a system that relies wholly on decentralized energy may not yet be possible in most places due to technological shortcomings and antiquated infrastructure. Electricity utilities have begun to note the importance of providing renewable energy, and many have begun to invest in these technologies. Using large-scale renewable projects for rural areas or developing countries can also benefit these regions, as electricity in these areas is typically of poor quality, inefficiently used, and unreliably supplied. Using renewable energy can improve quality of life and economic production, and benefit the environment.

In 2005, only a few companies outside of Europe and North America had implemented policies and targets to increase renewable energy capacity, but a over a decade later, the vast majority of countries around the globe have established their own targets. China has recently become a world leader in renewable energy and invests more in renewable energy than the European Union and the United States combined. China and the United States are the leaders in the consumption of renewable energies and have both experienced a steady increase in their consumption of renewables. In 2018, the United States was ranked second in the world based on renewable energy consumption, totaling almost 104 million metric tons of oil equivalent.

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Renewable energy industry worldwide

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Important key figures

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Renewable energy consumption

Renewable energy generation

Renewable energy investment

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