In 2022, it is expected that 270GW of new renewable energy capacity will be installed globally

According to Rystad Energy, the global installed capacity of renewable energy in 2021 was 227 GW, with an annual growth rate of 4.
7%, and the global installed capacity of renewable energy is expected to reach 270 GW
next year due to the growth of solar and hydrogen energy.

The independent energy research and business intelligence firm said installed utility solar PV, residential solar PV, offshore wind, batteries and other forms of energy storage increased in 2021, but onshore wind did not, mainly due to China's gradual reduction of subsidies
to the sector.

It is estimated that global onshore wind deployments will decrease by about 20 GW to 85 GW in 2021 and a further 15 GW
in 2022.
This trend is likely to be reversed
in 2023 due to soaring demand for renewable energy.

Meanwhile, this year has been particularly beneficial for residential solar PV, which for the first time surpassed new commercial and industrial (C&I)
in terms of annual capacity additions.
Residential solar PV installed capacity increased from 18.
9 GW in 2020 to 25.
2 GW
in 2021.
New industrial and commercial solar installations fell to 19.
9 GW from 20.
6 GW in 2020
.

Rystad Energy said that while new utility-scale solar installations have increased by 15 percent, the segment could have been more impressive this year if not for the postponement of 20 GW of projects, noting that projects up to 50 GW in 2022 could be delayed or cancelled
due to the expected increase in module prices.

The research company is also focusing on electrolyzer-based hydrogen production as they are combined
with new solar PV and wind energy.
In the first 11 months of 2021, global developers announced 245 GW of green hydrogen projects, six times the level of 2020, such as 30 GW in Mauritania and 45 GW in Kazakhstan
.
Based on the actual addition of electrolyzers in 2021, they rose to 0.
8GW
from 0.
04 GW in 2020.