Installed solar and wind capacity is set to treble from now until 2030, and treble again between 2030 and 2050 to reach 31TW, according to BloombergNEF (BNEF).
In 2023, a collective US$1.8 trillion went towards energy transition technologies and their supply chains, including solar PV and other renewable generation, grids, electrified transport and clean tech factories.