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Global Renewable Power Capacity Expected To More Than Double By 2030
Solar photovoltaic technology will drive nearly 80% of renewable capacity growth despite supply chain and grid integration challenges, with corporate deals expected to double their market share by 2030.
- Tuesday, the International Energy Agency projected global renewable power capacity will more than double by 2030, increasing by about 4,600 GW with nearly 60 percent from China.
- Following policy shifts, the IEA slightly cut its growth outlook due to the U.S. tax-incentive phase-out and China’s move from fixed tariffs to auctions.
- Market mechanisms like corporate PPAs will supply 30% of global renewable additions to 2030, doubling last year’s share, as 750GW is installed this year but 1,700GW waits connection.
- IEA calls for accelerated grid and storage investment as rapid renewable growth causes curtailments and negative price events, straining electricity markets and infrastructure.
- Looking ahead, supply and sectoral risks could blunt parts of the expansion as supply chains for solar cells and rare-earth materials remain over 90% concentrated in China, while offshore wind growth is 25% lower than last year.
11 Articles
11 Articles
China Daily
Capital FM KenyaIEA: Renewable power set to double by 2030
Global renewable power capacity is on track to double by 2030, the International Energy Agency said on Tuesday, with nearly 60 percent of the growth projected to come from China, whose record-setting expansion in clean technologies contrasts with slowing progress in the United States and other major economies.
Global Renewable Power Capacity Expected To More Than Double By 2030
Worldwide renewable energy capacity is projected to more than double in the next five years, adding the capacity equivalent of all existing power generation sources in China, Japan and the European Union combined, a report from the International Energy Agency concludes.
Global Renewable Power Capacity Expected to More than Double by 2030 - Inside Climate News
The expansion comes despite a dramatic decrease in the projection for growth in the United States.By Kiley BenseWorldwide renewable energy capacity is projected to more than double in the next five years, adding the capacity equivalent of all existing power generation sources in China, Japan and the European Union combined, a report from the International Energy Agency concludes.
Energy Monitor
power-technology.comGlobal installed renewable power to more than double by 2030: IEA report
Electricity generation from renewable sources is growing rapidly worldwide, and the global installed capacity is expected to more than double by the end of this decade, according to the latest medium-term forecast of the International Energy Agency (IEA).
Global Renewable Power Capacity Expected to More than Double by 2030
The expansion comes despite a dramatic decrease in the projection for growth in the United States. By Kiley Bense Worldwide renewable energy capacity is projected to more than double in the next five years, adding the capacity equivalent of all existing power generation sources in China, Japan and the European Union combined, a report from the International Energy Agency concludes.
Grid bottlenecks keeping 1700GW of renewables ‘in the queue’
IEA executive director Fatih Birol. This year will see 750GW of new renewable energy capacity installed globally – but 1700GW remains “in the queue, waiting to be connected to the grid”. And that, according to Fatih Birol, executive director of the International Energy Agency, is one of the biggest barriers to the world tripling renewable capacity by 2030 as agreed at COP28 in Dubai. Birol was speaking at a press conference to launch the IEA’s a…
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