As per the IEA, the global renewable power capacity will increase by 4600 GW, therefore doubling by 2030, however it is a drop of 5% as per the 2024 estimates.
Energy China will be working on Saudi Arabia renewable energy projects under a consortium formed by its subsidiaries for a total of 5GW solar and wind power.
To meet fresh demands coming from AI-data centres, industrial expansion and electrification, investor-owned utilities may spend $1.1 trillion till 2029.
The rise in wind and solar farms across the world has led to the global growth in renewables which has surpassed coal for the first time in 2025 first half.
