Solar energy growing by 30% in 2024. To say it is the IEA.
In a world in the middle of electrification, where energy consumption is increasing, they will be renewables to cover 90% of growth.
Global electricity consumption will grow by about 4% per year until 2027, with an increase equivalent to the annual consumption of Japan. The question is driven by industrialization, the spread of air conditioning, the electrification of transport and the expansion of the data centers. 85% of growth will prove from emerging countries, in particular from China, where electrical consumption increases more quickly than GDP, supported by the production of solar panels, batteries and electric vehicles.
This is what emerges from Electricity 2025, the IEA report, The IEA report, the International Energy Agency, in the latest edition of the market analysis on the sector.
Solar energy grew by 30% in 2024
At the same time, the production of photovoltaic solar energy grew by 30% in 2024, marking the highest growth rate since 2017, with a record increase of 475 TWH on an annual basis. More than half of this growth is attributable to China. In the period 2025-2027, the global production of photovoltaic solar energy will be expected to increase by about 1,800 TWH. Consequentially, Photovoltaic solar energy will be able to satisfy about half of the growth of global electricity demand in the forecast period. The strong expansion of photovoltaics will be accompanied by the continuous growth of theThe wind energy, which is expected will cover about a third of the additional global electricity demand during this period.
Total production from renewable sources increases on average by 10% per year until 2027, adding about 3,400 TWH globally.
Renewable increasing
The global production of electricity from renewable sources increased by 10% on an annual basis in 2024, doubling the 5% growth rate recorded in 2023. Hydroelectric production, which in 2023 had decreased by about 2% due to serious droughts In many regions, especially in China, he recorded a strong rebound in 2024, growing by 4%. The increase was driven by a significant recovery both in China and in Europe, thanks to an increase in rainfall.
World Energy Outlook 2024
Last October, always theIEA had published the World Energy Outlook, The relationship that took stock of the world energy situation. The report, despite already reporting the rapid growth of renewables, highlighted the distance from achieving climatic objectives. The current policies, also aggravated by the Trump settlement and the Usa exit from the Paris agreement, could lead to an increase in temperature of 2.4 ° C by 2100.
The need to reduce emissions up to the achievement of climatic neutrality and full completion of the energy transition is hindered by geopolitical tensions that undermine coordinated actions, as well as by industrial strategies and uncertainty about the future of government policies.
Therefore, greater international support for the poorest countries is needed, where millions of people are still without access to electricity and clean fuels for cooking.
