The transition to electric mobility continues to advance rapidly, reshaping global energy and auto markets. Electric car sales in 2024 are anticipated to be robust, with around 17 million units sold over the course of the year. More than one in five cars sold worldwide this year is expected to be electric. Growth has been … Continue reading Cheaper electric cars: the key to unlocking mass-market adoption
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Global energy sector employment increased by 3.8% in 2023, outpacing the wider economy
New IEA report finds that sector added 2.5 million jobs worldwide last year, led by clean technology manufacturing, though skills shortages remain a key issue Employment in the global energy sector grew at a strong pace in 2023, buoyed by a wave of investment in manufacturing clean energy technologies – though shortages of skilled workers … Continue reading Global energy sector employment increased by 3.8% in 2023, outpacing the wider economy
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IEA’s analysis and forecasts for photovoltaics to 2030
The International Energy Agency has published its October report, and here is a brief summary of their expectations for photovoltaic energy: IEA – Octubre 2024. By 2030, global renewable electricity generation is expected to reach over 17,000 TWh, representing an increase of nearly 90% compared to 2023, sufficient to cover the combined demand of China … Continue reading IEA’s analysis and forecasts for photovoltaics to 2030
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Photovoltaic (PV) manufacturing capacity could exceed 1.5 TW by 2035, IEA says
The latest report from the International Energy Agency (IEA), which charts the future evolution of renewable energy manufacturing, says the combined global market for photovoltaics, wind, electric cars, batteries, electrolysers and heat pumps will grow from $700 billion in 2023 to more than $2 trillion in 2035. Global solar module manufacturing capacity is set to … Continue reading Photovoltaic (PV) manufacturing capacity could exceed 1.5 TW by 2035, IEA says
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Global market for key clean technologies set to triple to more than $2 trillion over the coming decade as energy transitions advance
First-of-its-kind IEA analysis shows complex interplay between energy, industrial and trade policies as countries seek to secure supply chains and economic opportunities The rapid uptake of clean energy technologies offers major opportunities for countries looking to manufacture and trade them but also presents challenging decisions for governments, which face tensions and trade-offs based on the … Continue reading Global market for key clean technologies set to triple to more than $2 trillion over the coming decade as energy transitions advance
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Geopolitical tensions are laying bare fragilities in the global energy system, reinforcing need for faster expansion of photovoltaic and wind energy
World Energy Outlook 2024 shows critical choices facing governments and consumers as period of more ample supplies nears and surging electricity demand reshapes energy security Regional conflicts and geopolitical strains are highlighting significant fragilities in today’s global energy system, making clear the need for stronger policies and greater investments to accelerate and expand the transition … Continue reading Geopolitical tensions are laying bare fragilities in the global energy system, reinforcing need for faster expansion of photovoltaic and wind energy
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IEA forecasts over 4,000GW of global photovoltaic (PV) capacity by 2030
Recently, the International Energy Agency (IEA) predicted that global photovoltaic solar power capacity additions will exceed 4,000 GW by 2030. In its flagship report Renewables 2024, the agency forecasts that between 2024 and 2030, more than 5500 GW of new renewable energy capacity will be installed globally, bringing the total to nearly 11,000 GW. Solar … Continue reading IEA forecasts over 4,000GW of global photovoltaic (PV) capacity by 2030
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Massive global growth of renewables to 2030 is set to match entire power capacity of major economies today, moving world closer to tripling goal
With photovoltaic solar leading their rapid deployment, renewables are on course to meet almost half of global electricity demand by the end of this decade, new IEA report says Due to supportive policies and favourable economics, the world’s renewable power capacity is expected to surge over the rest of this decade, with global additions on … Continue reading Massive global growth of renewables to 2030 is set to match entire power capacity of major economies today, moving world closer to tripling goal
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Stronger integration measures are needed as solar photovoltaic and wind power soar to record levels in electricity sector
New IEA report offers first-of-its-kind global stocktake of efforts to integrate variable renewables across 50 power systems, identifying best practices and key challenges As solar PV and wind grow at an accelerated pace around the world, governments must act to ensure that they are well integrated into power systems – or risk losing out on … Continue reading Stronger integration measures are needed as solar photovoltaic and wind power soar to record levels in electricity sector
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Global investment in photovoltaics will exceed $500 billion by 2024
The International Energy Agency projects that photovoltaic solar energy will attract more investment than all other sources of electricity generation combined. Global energy spending is expected to surpass $3 trillion for the first time this year. This year’s edition of the World Energy Investment provides a full update on the investment picture in 2023 and … Continue reading Global investment in photovoltaics will exceed $500 billion by 2024
Continue readingCombined photovoltaic and wind energy will cover up to three-quarters of the increase in the coming years
Growth in demand in 2024 and 2025 is forecast to be among the highest levels in the past two decades, new IEA report finds, with solar PV alone expected to meet half of the increase The world’s demand for electricity is rising at its fastest rate in years, driven by robust economic growth, intense heatwaves … Continue reading Combined photovoltaic and wind energy will cover up to three-quarters of the increase in the coming years
Continue readingInvestment in clean energy this year is set to be twice the amount going to fossil fuels
Global spending on clean energy technologies and infrastructure on track to hit $2 trillion in 2024 even as higher financing costs hinder new projects, notably in emerging and developing economies Despite pressures on financing, global investment in clean energy is set to reach almost double the amount going to fossil fuels in 2024, helped by … Continue reading Investment in clean energy this year is set to be twice the amount going to fossil fuels
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Unprecedented renewables growth keeps 2030 tripling dream alive – IEA’s Heymi Bahar
The world added 50% more renewable capacity in 2023 than in 2022, with the next five years set to see the fastest growth yet. China and solar photovoltaic (PV) were the stars of the show. Energy Monitor interviews Heymi Bahar, co-author of the IEA’s Renewables 2023 report. Renewable energy around the world is expanding faster … Continue reading Unprecedented renewables growth keeps 2030 tripling dream alive – IEA’s Heymi Bahar
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The economics of wind and photovoltaics (PV) demand massive investments in integration now
The expansion of renewable energy and electrification is growing rapidly in many parts of the world as momentum behind the global energy transition gathers pace. While the renewable energy technologies driving this change are well-known and, in many cases, cost competitive with fossil fuels, the fundamental infrastructure required for their deployment is lagging. Insufficient grid … Continue reading The economics of wind and photovoltaics (PV) demand massive investments in integration now
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Clean sources of generation are set to cover all of the world’s additional electricity demand over the next three years
Global electricity demand is expected to grow at a faster rate over the next three years as the clean energy transition gathers speed, with all the additional demand forecast to be covered by technologies that produce low-emissions electricity, according to a new report from the IEA. Electricity 2024 is the latest edition of the IEA’s … Continue reading Clean sources of generation are set to cover all of the world’s additional electricity demand over the next three years
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China promotes expansion of wind and photovoltaic capacity: IEA
China had a key role to play in the world’s rapid expansion of renewable power generation capacity last year, the International Energy Agency said.It more than doubled solar photovoltaic capacity last year, and wind power capacity rose by 66 per cent YoY. Almost half of China’s electricity generation will come from renewable sources by 2028, … Continue reading China promotes expansion of wind and photovoltaic capacity: IEA
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The energy world is set to change significantly by 2030, based on today’s policy settings alone
Major shifts underway today are set to result in a considerably different global energy system by the end of this decade, according to the IEA’s new World Energy Outlook 2023. The phenomenal rise of clean energy technologies such as solar, wind, electric cars and heat pumps is reshaping how we power everything from factories and … Continue reading The energy world is set to change significantly by 2030, based on today’s policy settings alone
Continue readingGlobal renewable power capacity is set to grow as much in the next five years as it has over the past two decades
The global energy crisis is driving a sharp acceleration in installations of renewable power, with total capacity growth worldwide set to almost double in the next five years, overtaking coal as the largest source of electricity generation along the way and helping keep alive the possibility of limiting global warming to 1.5 °C, the IEA … Continue reading Global renewable power capacity is set to grow as much in the next five years as it has over the past two decades
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IEA predicts renewable energy to overtake coal by 2025
A report by the International Energy Agency says energy insecurity amid war in Ukraine is spurring a renewable power surge. Experts predict the sector will soon surpass coal as the world’s largest electricity source. The global capacity for producing renewable energy will soar by some 75% in the next five years, the International Energy Agency … Continue reading IEA predicts renewable energy to overtake coal by 2025
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IEA Awarded Wind Farm Project in the Jayhawk State
Infrastructure and Energy Alternatives has been awarded a $70 million contract to construct a 190-megawatt wind farm in southeast Kansas. Apex Clean Energy, a developer of utility-scale wind and solar farms, awarded the project to IEA Constructors, a subsidiary of IEA. Work on the Jayhawk Wind Farm began last month and is expected to be completed … Continue reading IEA Awarded Wind Farm Project in the Jayhawk State
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