Renewables surge, with solar set to meet half of global electricity demand growth by 2027.

By 2024, utility-scale solar and wind capacity reached nearly 5 TW, with China leading development. G7 countries, despite having 45% of global GDP, are responsible for only 59 GW of new construction but finish projects more reliably. The IEA predicts a 4% annual rise in global electricity demand by 2027, primarily driven by emerging economies, with renewables expected to surpass coal. Solar power is forecast to meet half of the demand growth due to cost reductions and supportive policies.