Installed capacity in renewable energy

There has been a significant increase in investments for the use of renewable energy. The statistics on installed capacity published by the International Renewable Energy Agency (IRENA) reveal some key findings.

COUNTRIES WITH THE HIGHEST INSTALLED CAPACITY

China leads the world in installed renewable energy capacity, with 1,453,701 MW. The United States follows with 387,549 MW, and Brazil with 194,085 MW. There are notable differences among these top three countries, with China having a significantly higher capacity.

Following these leaders in renewable installed capacity are India, Germany, Japan, Canada, Spain, France, Italy, and Türkiye.

Countries with substantial renewable energy capacities are typically those with high GDP rankings, whether developed or developing, and are often highly dependent on external energy sources.

The level of installed renewable energy capacity achieved by these countries helps ensure energy security and reduces their economic dependence on external energy sources. Reducing dependency on external energy sources is crucial for achieving economic and political independence.

RENEWABLE ENERGY IN TÜRKİYE

Türkiye's efforts to break into the top 10 countries globally for renewable energy, especially in solar and wind, are significant. Harnessing its renewable energy resources—such as solar, wind, hydro, geothermal, and other renewable sources—represents a strategic step in ensuring energy security.

Increasing the share of renewable energy in Türkiye's energy consumption will reduce the need for imported natural gas, coal, and oil, resulting in less foreign expenditure and, most importantly, a reduction in the current account deficit.

Therefore, it is crucial for Türkiye to continue investing in renewable energy sources to secure its energy supply and become competitive among countries rich in renewable energy resources.

Furthermore, as both developed and developing countries undergo transformations in renewable energy, Türkiye's shift towards diversifying its energy sources with renewables could provide a significant competitive advantage in its economy.