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Global renewables capacity set to double over next five years, says IEA

In an annual report on the outlook for renewables, the IEA said capacity worldwide is expected to grow by 2,400 gigawatts (GW) - equal to the entire power capacity of China today - to 5,640 GW by 2027

Renewable energy, wind power
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Photo: Bloomberg

Reuters London
Global renewable power capacity is set to double over the next five years, driven by energy security concerns in the wake of Russia's invasion of Ukraine, the International Energy Agency (IEA) said on Tuesday.

In an annual report on the outlook for renewables, the IEA said capacity worldwide is expected to grow by 2,400 gigawatts (GW) - equal to the entire power capacity of China today - to 5,640 GW by 2027.

The increase is 30% higher than the amount of growth forecast a year ago. High gas and power prices from a global energy crisis this year have made

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