By 2030, renewable sources could provide as much as half of the world's electricity production, offering excellent investors growth.
The renewable energy market is powering forward and is presenting a sea of investment opportunity. The renewable energy market is expected to grow from $184.3 billion in 2020 to USD 226.1 billion by 2021.
Renewables will have the fastest growth in the electricity sector, providing almost 30% of power demand in 2023, up from 24% in 2017. During this period, renewables are forecast to meet more than 70% of global electricity generation growth, led by solar PV and followed by wind, hydropower, and bioenergy. Hydropower remains the largest renewable source, meeting 16% of global electricity demand by 2023, followed by wind (6%), solar PV (4%), and bioenergy (3%).
The way in which we are powering our world is changing, and a cleaner energy revolution is already occurring, offering investors excellent opportunities.
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