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Global Power and Renewables Market Outlook 2025

This report provides an overview of the S&P Global Commodity Insights outlooks for global power markets to 2050 in terms of capacity additions, generation and investments for conventional technologies, renewables and electricity storage.

• Global power demand will increase nearly 80% in the next 25 years.
• Renewables will capture about 85% of all new power generation capacity globally, becoming the dominant source of power by 2050.
• Conventional thermal fuels are still expected to make up 16% of global installed capacity by 2050.
• Electricity storage — a critical source of flexibility supporting renewable energy growth — has already accelerated and will continue to expand.
• Investment in renewables, battery storage and hydrogen electrolyzers will average $950 billion per year between now and 2030 — or about 50% above 2024 levels — in real terms.
• Global power generation will emit 40% less carbon dioxide in 2050 than it does today.