Wind and Solar Power Project Summary

How will solar PV & wind impact global electricity generation?

The share of solar PV and wind in global electricity generation is forecast to double to 25% in 2028 in our main case. This rapid expansion in the next five years will have implications for power systems worldwide.

How do solar PV and wind power systems work together?

Maximising the benefits from increased solar PV and wind capacity requires effective integration into power systems. While power systems have always managed demand variability, variable renewable energy (VRE) such as wind and solar PV introduces supply variability depending on the weather.

Why are solar PV & wind so important?

Solar PV and wind together account for 95% of all renewable capacity growth through the end of this decade due their growing economic attractiveness in almost all countries.

Will solar PV & wind be part of the global electricity mix?

Consequently, the share of solar PV and wind in the global electricity mix in 2030 would reach 30%, lower than the 35% in the case where integration measures are implemented on time.

Are solar photovoltaics and wind power growing?

Source: IEA. Solar photovoltaics (PV) and wind power have been growing at an accelerated pace, more than doubling in installed capacity and nearly doubling their share of global electricity generation from 2018 to 2023.

How much solar PV & wind energy will be generated in 2030?

In a scenario in which countries meet their climate and energy commitments in full and on time, nearly two-thirds of additional solar PV and wind generation in 2030 compared to 2022 is projected to occur in systems at low phases of VRE integration.