Indoor farming faces a significant obstacle in the form of energy consumption necessary to operate climate systems and lighting. However, this challenge can be addressed by utilizing
renewable energy sources. Renewable energy is generated from natural sources that are continuously replenished at a faster rate than they are consumed. For example, sources such as sunlight and wind are abundant and readily accessible. Solar power can be an excellent way to reduce energy usage, both in business and residential environments. Installing solar panels on the roof of your vertical farm allows you to access renewable energy to power your vertical farming operations.
The International Renewable Energy Agency (IRENA) has recently released its
Renewable Capacity Statistics 2023 report. It shows that by the end of 2022, global renewable energy capacity amounted to 3372 GW, growing the stock of renewable power by a record 9.6%.
Renewable energy accounted for an impressive 83% of all power capacity added last year, according to experts. This marks a continued decline in the production of fossil-fueled power, despite prevailing global uncertainties.In terms of global renewable generation capacity, hydropower still holds the largest share at 1250 GW. However, new generating capacity was dominated by solar and wind, contributing 90% of all new renewable capacity in 2022. Solar capacity saw the most significant increase at 22%, followed by wind energy at 9%.
The report shows that many countries have increased their renewable capacity in 2022, with significant growth concentrated in the USA, China, and European countries. Notably, the Middle East experienced its highest rise in renewables on record at 12.8%.