The year 2023 saw significant variations in renewable energy output for many countries. Among the top contributors, India leads with 216.82 MTOE, followed by Nigeria at 130.96 MTOE. Countries like South Korea (+6.95%), Netherlands (+4.94%), and Saudi Arabia (+4.6%) experienced notable year-on-year growth, indicating their increasing investment in renewables. Meanwhile, countries such as South Africa and Iraq saw declines. The global CAGR suggests a shift towards increased renewable adoption, reflecting growing awareness and policy support for sustainable energy.
Future trends to monitor include advancements in energy storage, policy shifts driving renewable investments, and emerging technologies like green hydrogen, which could alter the landscape of global renewable energy distribution.
Top countries in Total Renewable Energy by Country
| # | 10 Countries | Thousand Tonnes Of Oil Equivalent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 India | 216,820 | 2023 | +0.82% | +0.86% | View data |
| 2 | 2 Nigeria | 130,960 | 2023 | +1.59% | +1.67% | View data |
| 3 | 3 Ethiopia | 42,850 | 2023 | +1.66% | +1.74% | View data |
| 4 | 4 Italy | 29,140 | 2023 | +1.76% | +1.78% | View data |
| 5 | 5 France | 27,720 | 2023 | +1.74% | +1.6% | View data |
| 6 | 6 Sweden | 20,170 | 2023 | +1.14% | +1.4% | View data |
| 7 | 7 Russia | 19,850 | 2023 | +0.42% | +0.47% | View data |
| 8 | 8 Spain | 19,440 | 2023 | +1.86% | +1.62% | View data |
| 9 | 9 Tanzania | 18,600 | 2023 | +1.27% | +1.26% | View data |
| 10 | 10 Finland | 12,390 | 2023 | +1.57% | +1.5% | View data |
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