IEA projects 4,800 gigawatts of new renewable capacity by 2031

The International Energy Agency projects about 4,800 gigawatts of new renewable capacity through 2031, with its executive director saying energy security now drives the expansion.

• The IEA's Renewables 2026 report projects about 4,800 gigawatts of new renewable capacity in 2026–2031, roughly 60% more than the previous six years.
• Solar photovoltaics would account for more than three-quarters of that growth, followed by onshore wind, the agency said.
• IEA executive director Fatih Birol said energy security has become the main driver of renewable expansion, replacing environmental concerns.
• Emerging and developing economies outside China are projected to add as much renewable capacity as advanced economies for the first time.