Wind and Solar Energy Take the Lead Over Hydropower
R-Squared Energy
SEPTEMBER 18, 2023
During that period, modern renewables (excluding hydropower and geothermal) grew exponentially, at an average annual rate of 12.6%. Solar electricity consumption rose by a record 263 Terawatt-hours (TWh) — an increase of 25% from 2021 and surpassing wind power’s 251 TWh increase. Global hydropower consumption in 2022 was 40.7
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