Summary According to a new report by the International Energy Agency (IEA), global electricity demand is projected to rise at its fastest rate in years. The IEA’s latest projections are driven by robust economi...
Summary:
In a major push for clean energy, governments globally plan to tender more than 100 gigawatts of renewable projects in 2024, with a significant focus on offshore wind. This move mirrors the successful allocation of 137 GW in 2023, underscoring a robust global commitment to increasing renewable energy capacity. Analysts highlight the essential role of government tenders in accelerating the transition to sustainable energy sources.
Deep Dive:
In a significant move towards bolstering renewable energy capacity, governments worldwide are poised to tender over 100 gigawatts (GW) of renewable energy projects in 2024, matching the ambitious efforts of 2023.
Excerpt:
The IEA’s Electricity 2024 report highlights the growing importance of renewable energy, projecting its rise to 37% of global electricity by 2026, while addressing the challenges and opportunities in the rapidly evolving electricity sector.
Deep Dive:
The International Energy Agency (IEA) annually publishes a comprehensive report analyzing the current state and future trends of the electricity sector.
