New era in renewable energy: 4,800 GW increase expected by 2031

Global renewable energy capacity is projected to grow by 4,800 GW through 2031 as energy security concerns push more countries to accelerate clean-power deployment, with emerging economies outside China driving an increasing share of additions. The forecast underscores a broadening of the renewables buildout beyond traditional leaders, a shift that matters for global power markets, equipment supply chains and energy-import dependence. What to watch next is whether policy support and financing in these developing economies can keep pace with the projected capacity growth.