With its freshly released Renewables 2019 report, the International Energy Agency (IEA) provided an exhaustive state-of-play and forecast of the global market for renewable energy providers. The findings of this broad market analysis exercise could be summarised in the words of IEA CEO, Dr Fatih Birol: “Renewables are already the world’s second largest source of electricity, but their deployment still needs to accelerate if we are to achieve long-term climate, air quality and energy access goals”. Renewable energy production capacity, looks set to increase by 50% until year 2024, meaning an increase from currently 26% to 30% within the global energy mix. It is also expected to be increasingly structured by photovoltaic energy production, followed by onshore wind and hydropower.

Interested members may access, as background documents, the IEA’s press release and the PowerPoint presentation used for the report’s introduction.

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