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2 min read Energy Transition

Global renewable energy capacity set to more than double in the next five years

"Global renewables are increasingly decoupling from US federal policy."
Melodie Michel
Melodie Michel
Global renewable energy capacity set to more than double in the next five years
Photo by Markus Spiske on Unsplash

Global renewable energy installed capacity is expected to more than double over the next five years, from 4.1 TW in 2025 to 8.4 TW by 2031, according to new research.

Intelligence firm GlobalData predicts that increasing solar PV scalability, continuously falling costs and robust policy tailwinds will support a compound annual growth rate of 13% for the next five years.

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