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Study Forecasts $3.4T Global Investment in Renewable Energy by 2030

Aug. 31, 2020
By 2030, 54.1% of installed capacity will be renewable (including hydropower), and 37.9% will be a combination of solar and power.

Frost & Sullivan, Santa Clara, CA, recently released a new analysis, "Growth Opportunities from Decarbonization in the Global Power Market, 2019-2030." An estimated $3.4 trillion will be invested in renewable energy during the next decade, including $2.72 trillion in wind and solar. By 2030, 54.1% of installed capacity will be renewable (including hydropower), and 37.9% will be a combination of solar and power. 

The report finds that the 2020s will be crucial for all the participants in the power industry as the transition toward renewable energy is expected to increase, while coal takes a downturn in most developed markets. Falling costs and renewable-friendly energy policies adopted by several countries in the six major geographies, including North America, Latin America, Europe, the Middle East, China and India, are prominent reasons why solar photovoltaic (PV) and wind capacity additions are expected to soar this decade. 

For more information on Frost & Sullivan's report findings, read the original press release