The next on the list is the US with a distant 292 GW. The next five countries on the list after China had a combined capacity that is less than China's.
The US, Brazil, India, Germany, and Canada had a combined capacity of 809 GW in 2020. Japan was the only other country to have a capacity greater than 100 GW, while Italy and France both had capacities of 55 GW in 2020 to close out the top 10.
Total renewable energy capacity increased by 10% year-on-year in 2020 from 2,538 GW to 2799 GW. During 2015-2020 the total installed renewable energy capacity grew at a compound annual growth rate (CAGR) of 8.67%. Several various types of renewable energy also experienced varying levels of growth.
In 2020 hydro-energy, bioenergy, and geothermal energy experienced modest growth of between 1-2% each. However, both wind and solar energy experienced significant growth in 2020. Wind energy had grown almost 18% year-on-year, while solar had a growth of 21.6% year-on-year.
"Renewable energy continues to break deeper into the mainstream and has steadily increased its share of the world's total power production in recent times. China has set a high benchmark for other nations in its quest to be the world's primary source of renewable energy, a feat it is so far accomplishing," Rex Pascual, an editor at TradingPlatforms.com, commented.
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