Saudi Arabia contributed 2.68 GW to this total.

Globally, renewable energy capacity reached 3,870 GW, a 13.9% increase, with 473 GW added.

Green sources accounted for 86% of global power additions, mainly from solar and wind energy.

Solar power added a record 346 GW, and wind energy added 116 GW.

Francesco La Camera, IRENA's director general, stated that the world added a record amount of renewable energy in 2023 but is still not on track to meet the COP28 goal of tripling installed renewable power capacity by 2030 to reach 11 TW.

To maintain the trajectory towards limiting global warming to 1.5 degrees Celsius, the world needs to add approximately 1,050 GW of renewable energy each year for the rest of this decade.

Asia, led by China's 63% surge to 297.6 GW, accounted for a 473 GW increase.

However, there is a significant discrepancy between regions, particularly developing countries.

Africa experienced modest growth in energy production, reaching 62 GW in 2021 with a growth rate of 4.6%.

Renewable energy sources accounted for 43% of the global installed power capacity by the end of 2023.

However, as renewable energy approaches half of the total capacity, questions remain regarding grid flexibility and adapting to variable renewable power sources.