Under Rystad Energy’s current pathway scenario, renewables are expected to account for more than 30% of the global power generation mix this year for the first time. Moving forward, power demand is expected to continue to grow but needs to rely increasingly less on fossil fuels. Fossil fuel demand from the power sector is expected to fall across regions already from 2024 as yearly renewables additions have caught up with the power demand increase. Explore the power and storage outlook with our Energy Transition Report. Get the condensed version here.

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