Panel The Planet

The International Energy Agency (IEA) is predicting over 4,000 GW of new solar will be added worldwide by the end of the decade.

The agency’s flagship report, “Renewables 2024,” says the world is set to add more than 5,500 GW of new renewables capacity between 2024 and 2030, to reach a cumulative capacity of almost 11,000 GW.

The prediction indicates solar will account for 80% of renewables growth over the 6-year period. Utility-scale solar will account for the majority of the solar expansion, but distributed applications, encompassing residential, commercial, industrial and off-grid projects, are expected to make up almost 40% of new solar.

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Source: PV Magazine

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Following on from recent statements suggesting that Africa must double investments to reach its energy and climate goals, the International Energy Agency (IEA) has set out leading green transition pathways for the continent – delivering better economic and social returns. These sustainable development routes, presented in the IEA’s freshly-launched Africa Energy Outlook report – a full policymakers’ summary of findings to be exhibited live at this year’s MSGBC Oil, Gas & Power conference to west Africa’s top corporate and government authorities in aid of formulating a unified African narrative ahead of December’s 27th Conference of the Parties on Climate Change (COP27) – call for two thirds of additional investment to be directed into clean energy sources by 2030.

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Source: Energy Capital & Power

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