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Iran War Fuels 60% Shift
The International Energy Agency expects energy-market disruptions linked to the war in Iran to accelerate investment in renewable energy, with around 4,800 gigawatts of capacity added worldwide between 2026 and 2031—nearly 60% more than in the previous six years. Solar photovoltaics will account for more than three-quarters of the additions, while renewables are expected to approach 50% of global electricity generation within five years, up from about one-third today. The agency warned that renewable energy and storage projects with nearly 3,000 gigawatts of capacity are awaiting grid connections, and called for faster development of power grids and storage.
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