Leading Power Sector Companies Reveal Blueprint for Infrastructure Upgrade

The International Renewable Energy Agency (IRENA) forecasts 91% of global electricity to come from renewables by 2050, primarily from solar photovoltaics and wind energy, making large-scale renewables projects and the connection of large consumer loads a priority for the energy transition. Despite the record addition of around 582 GW of new renewable power capacity in 2024, achieving the global target of 11.2 terawatts of renewables capacity by 2030 still requires addressing major gaps. (Source: IRENA)

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