Renewable energies face rapid growth

One of the rare success stories in global energy and climate policy is the expansion of renewable energies. What was considered an expensive utopia just a few years ago is now the future of power supply. And the signals worldwide continue to point to rapid growth.

After two decades of rapid growth, renewables are poised to dominate the electricity market worldwide. The International Energy Agency (IEA) forecasts that in the next five years to 2027 alone, as much electricity capacity will be added from renewables worldwide as has been created in the last 20 years: around 2,400 gigawatts.

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