GlobalData Forecasts Renewable Energy Capacity to Double to 8.4TW by 2031
GlobalData predicts that global renewable energy installed capacity will double from 4.1TW in 2025 to 8.4TW by 2031, with a CAGR of 13%. The Asia-Pacific region leads in solar PV and wind capacity, particularly China. In 2025, solar PV is expected to surpass wind as the largest source of renewable electricity generation. The report highlights the role of AI in enhancing efficiency and the growing influence of data centers on renewable energy demand.
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GlobalData forecasts that the world's renewable energy installed capacity will more than double from 4.1TW in 2025 to 8.4TW by 2031, reflecting a CAGR of 13%. The Asia-Pacific region, led by China, dominates with 1,550GW of solar PV and 699.5GW of wind capacity.
Solar PV is expected to become the largest source of renewable electricity in 2025, generating 2,800TWh, compared to 2,770TWh from wind. AI is increasingly vital in the sector, optimizing operations and enhancing grid resilience. Data centers are major growth drivers in renewable energy, with firms like Google partnering for clean energy solutions.
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