The International Energy Agency forecasts almost 4,800 gigawatts of new renewable capacity from 2026 to 2031. It expects additions outside China to match advanced economies for the first time.

Solar is set to account for more than three-quarters of the growth to 2031.
China's share is set to fall from over 60 percent in 2025 to an average of 53 percent.
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NTT DATA said on November 5 that it agreed with Bloom Energy to deploy 900 megawatts of onsite fuel-cell power at data centers.
Norges Bank Investment Management said on November 4 that it paid $300 million for a 10 percent interest in Aypa Power.
Excelerate Energy said it signed an 11-year LNG supply agreement for up to 16 trillion British thermal units a year at a planned hub near Grand Bahama.
Ahold Delhaize said it signed a ten-year virtual power agreement for approximately 14% of two Romanian projects expected to start in 2029.
Turkey's energy ministry said Milli Enerji 2040 needs $500 billion in public and private investment, lifting capacity to 281,000 megawatts and electrification to 36% by 2040.