Season's Greetings 2025 by Renewable Market Watch
/LONDON, December 23, 2024, 10:00 GMT, RENEWABLE MARKET WATCHTM/ The gobal renewable energy capacity is projected to grow by 2.7 times by 2030, exceeding the current ambitions of countries by nearly 25%, although it still falls short of tripling. Climate and energy security policies in almost 140 countries have played a crucial role in making renewable energy cost-competitive with fossil fuel power plants. This shift is generating new demand from the private sector and households. Additionally, industrial policies that promote local manufacturing of solar panels and wind turbines are helping to develop domestic markets. The European Union and the United States are both forecast to double the pace of renewable capacity growth between 2024 and 2030, while India sees the fastest rate of growth among large economies.
In the past two years, the Renewable Market Watch™ supported several important renewable energy events and initiatives, such as RE-Source Southeast 2023, Romanian Solar Summit 2023, SolarPlaza Summit Romania 2023, Reuters Events Offshore and Floating Wind 2023, SolarPlaza Summit Balkans 2023, RE-Source South East 2024, Romania Renewable Energy Summit 2024, and others.
By 2034, global cumulative renewable electricity capacity is forecast by the Renewable Market Watch™ to rise more than 70% from 2023 levels to over 7 590 GW – more than the current total global power capacity of fossil fuels and nuclear combined. Renewables are set to account for almost 95% of the increase in global power capacity through 2027, with solar PV alone providing more than half. Solar PV will be the most installed power capacity worldwide by 2027 and surpass coal, natural gas and hydropower.
Christmas Greetings and Best Wishes for a Happy and Prosperous New 2025 Year filled with health, happiness, and beautiful emotions.
We wish you the season's compliments and thank you for your trust and support in the past year.
If you want to continue during 2025 to have the most relevant information, data, and analytics about the renewable energy industry, please do not hesitate to visit our News & Analysis, Blog, and Market Reports.
To get more information about renewable energy markets, please access some links and brochures from here:
Global Renewable Energy Market Outlook 2024 ÷ 2033
Europe Corporate Renewable PPA Market Report 2024 ÷ 2033
Europe Solar Photovoltaic (PV) Market Outlook 2024 ÷ 2033
Europe Net Metering and Self-Consumption Solar PV Market Outlook 2024 ÷ 2033
Central-East and South-East Europe Solar Photovoltaic (PV) Power Market Outlook 2024 ÷ 2033
Western Balkans Solar Photovoltaic (PV) Power Market Outlook 2024 ÷ 2033
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About Renewable Market Watch™
Renewable Market Watch™ is delivering strategic insight into emerging renewable energy markets through its experienced research team and cutting-edge predictive analytics data platform. We partner with our customers to provide research, data and consulting reports in areas appropriate to their specific requirements. Our primary focus is emerging renewable energy markets of Asia Countries, Balkan countries, Central and Eastern Europe, CIS states (former the Soviet Union), LATAM countries and MENA countries. Our market reports are featured in reputable international media such as Bloomberg, Yahoo Finance and others. For more information about Renewable Market Watch™, please visit:
