b'36American Journal ofTransportation ajot.comRenewables continue record-breaking growthRystad Energys forecast robust despite supply chain concerns. PROJECT CARGO/ By AJOT StaffWhilemanyglobalshippersareGW,whilethetwoenergysourcesHEAVY LIFT BI-ANNUALfeeling like dj vu all over again,share of installed capacity reached 28% with snarled supply chains threaten- in 2023. Despite that level of installed ing a return to post-COVID compli- capacity, Rystad said solar, and wind cations, the global renewable energyonlyrepresent13.7%ofrenewables industry saw another record year forgeneration. This is due to lower aver-sales and installation. age capacity factors than sources such Renewablescapacityadditionsas nuclear, coal, gas, and hydropower.surgedin2023,accordingtotheNevertheless, Rystad said it expected Renewables & Power Trends Report,renewal power generation to surpass released in January by Rystad Energy,30% for the first time, to 31%, in 2023.theindependentresearchanddevel- t ale OFt wOe nergieSopment intelligence firm focusing on energy. Global solar and wind totaledSolarandwindsupplychains about 470 gigawatts, or GW, a 38%faced different fortunes in 2023, said increase from 2022. Oslo, Norway-based Rystad Energy.SolarenergyhasgrownintoaWindenergycontinuedtobe cleargloballeaderinrecentyears,impactedbycostdevelopments,per-accountingformorethan330GWmitting issues, supply chain bottlenecks ofadditionsin2023alone,withand delays, as well as rising concerns Asia becoming the dominant region,about quality, the analyst said.accountingformorethanhalfofRystad Energy saw blade manu-globalinstallations.Chinaaloneisfacturing capacity inch upward to 167 estimated to have installed more thanGW,whilenacellesmanufacturing 170 GW in 2023. capacity reached 174 GW.WhileonshorewindhasslowedHowever,thewindsectorhas significantly at the same time, it too,had a troubled few years. It has been saw record-breaking additions in 2023,plaguedbyrisinginflation,recently surpassing 130 GW for the first time. highlightedbyOrstedsdecision CombinedinstalledcapacityfortoceasedevelopmentoftheOcean solar and wind is zeroing in on 2,500(GROWTHcontinued on page 37)'