This annual global report on the renewable sector presents the latest forecasts and analysis, based on recent policy and market developments, while also exploring key challenges and opportunities facing the sector. This edition provides forecasts for the deployment of renewable energy technologies in electricity, transport and heat through 2030. It also examines notable developments in key areas of the sector, including policy changes, manufacturing trends, and the financial health of different parts of the industry.

Key findings

• Renewables’ global growth, driven by solar photovoltaic (PV), remains strong amid rising headwinds.
• Wind and solar manufacturers struggle financially, but appetite from developers and buyers remains strong.
• Amid diversification efforts, the renewable sector faces supply chain dependencies and integration challenges.
• Renewables use in heat and transport continues to grow, but their share of demand is set to rise only slightly.
• India emerges as the second largest renewables market in the world, while Association of Southeast Asian Nations (ASEAN) deployment gains momentum.
• Australia is expected to add almost 45 GW of renewable capacity, primarily solar PV. Incentives, coupled with continued
  distributed solar PV expansion, will help Australia exceed its 2030 capacity ambitions.
• Policies to increase critical mineral supply chain diversification are driving domestic mining, refining and recycling of key minerals for solar and wind energy.