During the period 2022-2027, renewable energies should increase by nearly 2,400 GW, an acceleration of 85% compared to the previous 5 years, according to the International Energy Agency (IEA) in a new report published on Tuesday 6 December.
According to IEA forecasts, the share of renewables in the world’s electricity mix should increase by 10 percentage points to 38% in 2027. They would become the world’s leading source of electricity generation by early 2025, ahead of coal.
“The world is set to add as much renewable power in the next 5 years as it did in the whole of the past 20 years”, IEA Director General Fatih Birol predicted.
This acceleration, led mainly by China, the European Union, the United States and India, represents an increase of almost 30% compared to the Agency’s forecast published last year. The reason: an unprecedented surge in renewable energy in response to the energy crisis caused by the Russian invasion of Ukraine.
The increase in renewable energy deployment will be driven by wind and solar, the IEA also anticipates.
According to the report, electricity from wind and solar photovoltaic will more than double over the next 5 years, providing almost 20% of the world’s electricity generation by 2027.
Furthermore, the IEA estimates that it is possible to increase renewable electricity capacity by 25% more than its forecast.
See the report: https://aeur.eu/f/4hq (Original version in French by Damien Genicot)