According to the IEA, renewable energy installed capacity is expected to grow by 8% in 2022, breaking the 300GW mark for the first time. Solar energy is expected to account for 60% of new global renewable energy capacity this year, with 190GW of new installed capacity, up 25% from last year. In an earlier report, the IEA noted that renewable would account for 90% of global electricity capacity growth in 2021 and 2022.