Renewables hit record 693 GW in 2025

Global renewable power capacity expanded by 693 gigawatts last year, bringing total installed capacity to 5.15 terawatts. That's more than half the entire installed capacity of the United States.

World still short of 2030 goal

To meet the global target of tripling renewable energy by 2030, the world needs to reach 11.2 terawatts. At current growth rates, it will hit only 10.6 terawatts, falling 0.6 terawatts short.

Renewables save half a trillion dollars

Global renewables avoided almost 500 billion US dollars in fossil fuel costs in 2025. That's more than the national GDP of over three quarters of countries on Earth.

“That's a mammoth decarbonization dividend.”

Renewables now cheapest electricity source

Renewables remained the most cost-competitive source of new electricity in most markets in 2025. Market forces are making the shift to clean energy economically irreversible.

“The brute power of market forces is taking hold.”

Fossil fuels still dominate energy mix

Despite renewable growth, fossil fuels still supplied 86 percent of global energy in 2025 and continued to grow in absolute terms. Rising demand for cooling and AI data centers are driving energy consumption higher.

Grid upgrades and storage needed

To meet climate goals, the world must upgrade electric grids and combine solar, wind, and battery storage to provide cost-competitive power around the clock. Energy efficiency improvements also lag behind targets.