The rapid expansion of renewables will continue over the next few years. According to new forecasts by the International Energy Agency (IEA), many countries will install more than twice as much renewable energy in the next six years as in the last six years. The growth forecasts for China are particularly impressive: the People’s Republic is expected to build the equivalent of every second solar and wind power plant installed worldwide. China will account for 56 percent of global expansion. „Over 2023-2028, China will deploy almost four times more renewable capacity than the European Union and five times more than the United States,“ IEA analysts write.