Strategic Intelligence: Renewable Energy (2025)
Summary
The power sector is witnessing a significant expansion in renewable energy sources driven by technological advancements, policy support, and increasing awareness of the need for sustainable energy solutions. As a result, renewables, especially solar PV and wind, are becoming more prevalent in the energy mix.
The new investment in renewables will be spearheaded by solar PV, followed by onshore and offshore wind. By 2030, new investments in solar PV and wind together will reach $657.16 billion.
The global renewable energy capacity market is poised for considerable expansion, with projections indicating a marked rise in installed capacity. The total cumulative installed capacity is expected to reach 11.2TW by 2035.
Scope
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