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Solar Power Set to Drive Half of Electricity Growth by 2027

2/21/2025

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Summary

Story summary

The International Energy Agency predicts that by 2027, solar power will fuel half of the world's electricity demand growth, spurred by increasing consumption and supportive policies. In 2024, solar energy production soared past 2,000 TWh, representing 7% of global generation, while the U.S. energy sector experienced unprecedented growth in renewables amidst escalating demand.

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Story summary

The International Energy Agency predicts that by 2027, solar power will fuel half of the world's electricity demand growth, spurred by increasing consumption and supportive policies. In 2024, solar energy production soared past 2,000 TWh, representing 7% of global generation, while the U.S. energy sector experienced unprecedented growth in renewables amidst escalating demand.