A New Era of Energy
The global transition to renewable energy accelerated in 2024, reaching new milestones in capacity, investment, and technological adoption. This report visualizes the key data behind this monumental shift.
Total global renewable capacity, a new record high.
Represents the fastest growth rate in a decade.
Our Current Energy Mix
Solar and Wind continue to dominate new installations, collectively accounting for over 80% of the total renewable capacity. This visualization breaks down the current composition of the 5,150 GW total.
Regional Leadership
While the energy transition is global, some regions are far outpacing others. The Asia-Pacific region, led by massive installations, remains the undisputed leader in total installed capacity.
The Growth Story: 2015-2025
The past decade has seen a dramatic and consistent rise in renewable capacity, driven by falling costs and supportive policies. The chart below illustrates this cumulative growth, showing a near tripling of capacity since 2015.
Fueling the Future
This growth is underpinned by record-breaking investment. Annual global investment in renewables surpassed $600 billion for the first time, signaling strong market confidence in the sector’s long-term viability.
Looking Ahead: 2030 Projections
Based on current policies and market trends, global renewable capacity is projected to exceed 8,000 GW by 2030. This trajectory brings us closer to key climate goals, though challenges remain.
The Road Ahead: SWOT Analysis
Despite the positive momentum, the path forward is complex. This analysis outlines the core strengths, weaknesses, opportunities, and threats shaping the future of the renewable energy sector.
Strengths
- ✓Continuously falling LCOE (Levelized Cost of Energy)
- ✓Rapid technological innovation (e.g., bifacial solar, larger turbines)
- ✓Strong public and political support for decarbonization
Weaknesses
- ✗Source intermittency (solar/wind) requiring storage solutions
- ✗Grid integration and modernization challenges
- ✗Dependence on critical minerals for manufacturing
Opportunities
- ✦Emerging markets with high energy demand growth
- ✦Growth of Green Hydrogen sector as a storage vector
- ✦Corporate PPA (Power Purchase Agreement) market
Threats
- ⚠Supply chain bottlenecks and raw material price volatility
- ⚠Geopolitical instability affecting trade and material access
- ⚠Slow pace of permitting and regulatory reform in key markets