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IEA Cuts Renewable Forecast; India Emerges as Growth Leader

10/8/2025

50 9 Full Breakdown

Summary

China Shifts Renewables

International Energy Agency (IEA) lowers its 2030 renewable growth forecast to 4,600 GW, down 248 GW.
People’s Republic of China (China) shifts renewables to a market-based model, creating uncertainty.
India is poised to become second-largest growth market, aided by auctions and rooftop solar.
Europe’s outlook improves with policies and streamlined approvals. Offshore wind remains weak; pumped-storage hydropower grows 80% faster.

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China Shifts Renewables

International Energy Agency (IEA) lowers its 2030 renewable growth forecast to 4,600 GW, down 248 GW.
People’s Republic of China (China) shifts renewables to a market-based model, creating uncertainty.
India is poised to become second-largest growth market, aided by auctions and rooftop solar.
Europe’s outlook improves with policies and streamlined approvals. Offshore wind remains weak; pumped-storage hydropower grows 80% faster.