Solar Pakistan 14th International Renewable Energy Exhibition & Conference Will Be Held At Lahore Expo Centre From 27th - 29th February 2024 Solar Pakistan 14th International Renewable Energy Exhibition & Conference Will Be Held At Lahore Expo Centre From 27th - 29th February 2024
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Pakistan Aims to Reach 30% Renewable Energy Goal

19 FEB 2024 PV JOURNAL

In 2023, global renewable energy capacity increased by 50%, totaling nearly 510 GW, largely driven by solar PV.

China showcased remarkable progress, adding as much solar PV in 2023 as the entire world did in 2022. Its wind power capacity also saw a 66% increase. Meanwhile, Europe, the US, and Brazil achieved record highs in renewable energy capacity expansion.

A Centre for Research on Energy and Clean Air (CRECA) report highlighted clean energy as the primary driver of China's 2023 economic growth, contributing ¥11.4 trillion ($1.6 trillion) to the economy. This was nearly equivalent to the global investment in fossil fuels for the same year. China's contribution to global renewable energy capacity was over 50% in 2023.China's investments in Pakistan's energy sector, including coal, hydropower, and renewable energy projects, were also noted. For instance, China Three Gorges Corporation developed three wind projects totaling nearly 150 MW in Jhimpir and invested in hydroelectric projects.