Installed solar and wind capacity is set to treble from now until 2030, and treble again between 2030 and 2050 to reach 31TW, according to BloombergNEF (BNEF).
The US has the potential to add nearly 1TW of community solar capacity if all technically viable community solar is deployed, according to the National Renewable Energy Laboratory (NREL).
118 countries have signed the ‘Global Renewables and Energy Efficiency Pledge’ on Saturday (2 December) at COP28 in Dubai to treble global installed capacity by 2030.