Trends to watch. 1. Domestic manufacturing. Rising clean energy component manufacturing could ease supply chain snags over time 4. 2. Decarbonized fuel. New clean hydrogen economics could open avenues for renewable providers 5. 3. Energy equity.
The agency predicts that by 2025, renewable energy will surpass coal to become the world''s top source of electricity. Wind and solar photovoltaic (PV) power generation are forecast to exceed nuclear power generation in 2025 and 2026, respectively.
Renewable energy statistics 2023 provides datasets on power-generation capacity for 2013-2022, actual power generation for 2013-2021 and renewable energy balances for over 150 countries and areas for 2020-2021.
McKinsey estimates that by 2026, global renewable-electricity capacity will rise more than 80 percent from 2020 levels (to more than 5,022 gigawatts). 1 Of this growth, two-thirds will come from wind and solar, an increase of
Renewables 2022 is the IEA''s primary analysis on the sector, based on current policies and market developments. It forecasts the deployment of renewable energy technologies in electricity, transport and heat to 2027 while also exploring key challenges to the industry and identifying barriers to faster growth.
In this interactive chart, we see the share of primary energy consumption that came from renewable technologies – the combination of hydropower, solar, wind, geothermal, wave, tidal, and modern biofuels.
The Renewables 2022 Global Status Report documents the progress made in the renewable energy sector. It highlights the opportunities afforded by a renewable-based economy and society, including the ability to achieve more diversified and inclusive energy governance through localised energy generation and value chains.
Over the coming five years, several renewable energy milestones are expected to be achieved: In 2024, wind and solar PV together generate more electricity than hydropower. In 2025, renewables surpass coal to become the largest source of electricity generation.
The update will look at key topics for renewables this year and next, including how the energy crisis will affect their deployment in the EU, their impact on energy affordability, and the latest trends in the United States, China and India.
The impact of unprecedented investment in renewable infrastructure will likely become more apparent in 2024. Regulatory boosts to renewable energy and transmission buildout could help address grid constraints.