IEA projects China's renewable capacity share will moderate, India's growth accelerates
What happened
The International Energy Agency projects global renewable energy capacity will exceed 4,770 GW between 2026 and 2031. China is projected to account for 53% of this growth, a moderation from over 60% in 2025. India is expected to be the second-largest contributor, with its capacity expansion projected to be 2.6 times greater than the previous six-year period.
Why it matters
The shift in global renewable capacity growth is moving market attention toward India. India's faster growth is supported by factors such as higher auction volumes, improved Discom finances, and accelerated deployment of transmission and storage.
Who's involved
- International Energy AgencyProvides projections on global renewable capacity growth
- IndiaExpected to be the second-largest contributor to global renewable capacity expansion
- ChinaProjected to account for 53% of global renewable capacity growth over the forecast period
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
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The entities involved
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International Energy Agency
autonomous intergovernmental organisation
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