Energy security concerns spur faster renewables growth across a widening constellation of countries

Renewables, already expanding at a record pace before the current energy crisis, are set to see strong growth across a wider range of countries around the world in the coming years as governments seek to strengthen energy security and reduce their exposure to imported fuels and volatile prices, according to the IEA’s latest report.

Renewables 2026, this year’s edition of the IEA’s annual report on the sector, sees global renewable power capacity increasing by almost 4 800 gigawatts (GW) in the 2026-2031 period, almost 60% more than was added in the previous six-year period. Solar PV is set to account for more than three-quarters of global renewable capacity growth to 2031, followed by onshore wind.

Amid unprecedented disruptions to global energy markets since the outbreak of the Iran war at the end of February, stronger policy support and intensified energy security concerns are driving faster deployment of renewable power across India, Southeast Asia, Africa and the Middle East. For the first time, the amount of renewable power capacity added in emerging and developing economies outside China is expected to match the amount added in advanced economies in the forecast period.

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