Executive Overview

Global progress toward ensuring access to affordable, reliable, sustainable and modern energy for all

Data: IRENA 2025, IEA World Energy Investment 2025, Tracking SDG7 2025 | Updated: February 2026
Global Renewable Capacity
4,448 GW
+585 GW (+15.1%)
Record additions in 2024
Renewable Share of Capacity
46%
+3% from 2023
Up from 43% in 2023
Clean Energy Investment
$2.2T
2:1 vs fossil fuels
Of $3.3T total energy investment
Global Electricity Access
91.8%
666M without access
85% in Sub-Saharan Africa
Without Clean Cooking
2.1B
26% of population
Causing 3.2M premature deaths/year
2024 New Additions Renewable
92.5%
Record share
Of all new power capacity
COP28 Target Progress
4.4 TW
6.8 TW gap to 11.2 TW
Triple by 2030 target
Required vs Actual Growth
16.6%
Actual: 15.1%
Annual growth needed to 2030
Global Renewable Capacity Mix 2024
Annual Capacity Additions (GW)
Technology Breakdown
Technology Capacity (GW) Share 2024 Growth 2024 Additions
โ˜€๏ธ Solar PV1,86541.9%+32.2%452 GW
๐Ÿ’ง Hydropower1,27728.7%+1.3%16 GW
๐ŸŒฌ๏ธ Wind1,13325.5%+11.1%113 GW
๐ŸŒฟ Bioenergy1483.3%+4.2%6 GW
๐ŸŒ‹ Geothermal150.3%+2.8%0.4 GW
๐ŸŒŠ Marine0.50.01%+5.0%0.02 GW
Regional Progress Overview
Region 2024 Additions (GW) Total Capacity (GW) Electricity Access Clean Cooking Status
๐ŸŒ Asia-Pacific421.32,15698.4%68%On Track
๐ŸŒ Europe70.1742100%99%On Track
๐ŸŒŽ North America48.5487100%99%On Track
๐ŸŒŽ Latin America35.234298.1%89%Progress
๐ŸŒ Middle East & North Africa5.77897.2%95%Progress
๐ŸŒ Sub-Saharan Africa4.25252.5%19%Critical
Critical Challenges & Gaps
Energy Access Crisis: At current pace, 645 million people will still lack electricity by 2030. Sub-Saharan Africa accounts for 85% of the deficit.
Clean Cooking Emergency: 2.1 billion lack clean cooking, causing 3.2 million premature deaths annually. Progress rate is only 0.5% per year vs 3% needed.
Efficiency Crisis: Energy efficiency improvements at 0.8% annually vs required 3.8%. Most off-track SDG 7 indicator. Building retrofits declining.
Investment Imbalance: Emerging markets receive only 15% of clean energy investment despite having 65% of population. Africa receives just 2%.

SDG 7 Target Tracking

Detailed progress monitoring across all SDG 7 indicators

Source: UN SDG Progress Report 2025, Tracking SDG7 2025
Target 7.1.1: Universal Electricity Access Off Track
Global Access Rate 91.8%
Without Access: 666 million people
Sub-Saharan Deficit: 567 million (85%)
2030 Projection: 645 million without access
Target 7.1.2: Clean Cooking Access Severely Off Track
Global Clean Cooking Access 74%
Without Access: 2.1 billion people
Annual Deaths: 3.2 million
Progress Rate: 0.5%/year (need 3%)
Target 7.2: Renewable Energy Share Progress Needed
Renewables in Final Energy Consumption 19.1%
Target: 30% by 2030

Renewable Electricity: 30.5%

Up from 27.2% in 2020

Renewable Heat: 10.8%

Primarily traditional biomass

Target 7.3: Energy Efficiency Severely Off Track
Annual Efficiency Improvement Rate 0.8%
Target: 3.8% annual improvement through 2030
Most Off-Track Indicator: Energy efficiency progress has stalled at less than a quarter of the required rate. Current investments of $630B need to triple to $1.9T annually.
2030 Achievement Probability Assessment
TargetCurrent2030 GoalGapProbability
7.1.1 Electricity Access91.8%100%666M people15%
7.1.2 Clean Cooking74%100%2.1B people5%
7.2 Renewable Share19.1%30%10.9pp45%
7.3 Efficiency0.8%/yr3.8%/yr3.0pp10%
COP28 Tripling4,448 GW11,200 GW6,752 GW55%

Investment Analysis

Global clean energy investment flows, requirements, and gaps

Source: IEA World Energy Investment 2025, BloombergNEF, IRENA

2024 Global Energy Investment

$3.3 Trillion

First time exceeding $3 trillion. Clean energy ($2.2T) now outpaces fossil fuels ($1.1T) by 2:1 ratio.

Clean Energy Investment
$2.2T
+17% YoY
Solar Investment
$500B
+24% YoY
Grid Infrastructure
$400B
+12% YoY
Energy Storage
$85B
+45% YoY
Investment by Technology (2024)
Regional Investment Distribution
Region/Country2024 InvestmentSharePer CapitaTrend
๐Ÿ‡จ๐Ÿ‡ณ China$676B30.7%$478+12%
๐Ÿ‡ช๐Ÿ‡บ European Union$370B16.8%$828+8%
๐Ÿ‡บ๐Ÿ‡ธ United States$338B15.4%$1,011+22%
๐ŸŒ Rest of Asia$285B13.0%$126+18%
๐ŸŒŽ Latin America$75B3.4%$115+15%
๐ŸŒ Middle East$42B1.9%$85+28%
๐ŸŒ Africa$44B2.0%$32+5%
Critical Gap: Africa receives only 2% of global clean energy investment despite having 20% of world population and 60% of best solar resources.
Investment Gap Analysis: Current vs Required
Renewable Generation $700B / $1,400B
Need 2x increase
Grid & Storage $485B / $950B
Need 2x increase
Efficiency & Electrification $630B / $1,900B
Need 3x increase
Low-Carbon Fuels $20B / $200B
Need 10x increase

Regional Analysis

Detailed regional breakdown of energy transition progress

Source: IRENA, IEA, Regional Energy Agencies

Asia-Pacific: Global Leader

72%

Of global renewable additions in 2024 (421.3 GW)

Country Performance
Country2024 AdditionsTotal CapacitySolarWind
๐Ÿ‡จ๐Ÿ‡ณ China373.6 GW1,467 GW277 GW79 GW
๐Ÿ‡ฎ๐Ÿ‡ณ India24.5 GW195 GW18.5 GW4.8 GW
๐Ÿ‡ฏ๐Ÿ‡ต Japan8.2 GW128 GW6.8 GW0.9 GW
๐Ÿ‡ฆ๐Ÿ‡บ Australia5.8 GW48 GW4.2 GW1.4 GW
๐Ÿ‡ฐ๐Ÿ‡ท South Korea4.2 GW32 GW3.5 GW0.6 GW
China Dominance: China installed more renewables in 2024 (373.6 GW) than the rest of the world combined. China now has 33% of global renewable capacity.

Europe: REPowerEU Acceleration

70.1 GW

New renewable capacity added in 2024 (+18% vs 2023)

Country Performance
Country2024 AdditionsTotal CapacityRE Share2030 Target
๐Ÿ‡ฉ๐Ÿ‡ช Germany18.8 GW172 GW52%80% by 2030
๐Ÿ‡ช๐Ÿ‡ธ Spain9.4 GW87 GW54%74% by 2030
๐Ÿ‡ฎ๐Ÿ‡น Italy6.8 GW65 GW41%65% by 2030
๐Ÿ‡ณ๐Ÿ‡ฑ Netherlands5.2 GW34 GW44%70% by 2030
๐Ÿ‡ฌ๐Ÿ‡ง UK3.8 GW58 GW47%95% by 2030

Americas: IRA-Driven Growth

83.7 GW

Combined additions in North and South America

Country Performance
Country2024 AdditionsTotal CapacityRE SharePolicy Driver
๐Ÿ‡บ๐Ÿ‡ธ United States40.0 GW378 GW24%IRA incentives
๐Ÿ‡ง๐Ÿ‡ท Brazil18.5 GW198 GW87%Hydro + wind growth
๐Ÿ‡จ๐Ÿ‡ฑ Chile4.2 GW32 GW58%Green hydrogen hub
๐Ÿ‡ฒ๐Ÿ‡ฝ Mexico3.8 GW35 GW31%Private investment
๐Ÿ‡จ๐Ÿ‡ฆ Canada3.5 GW108 GW68%Clean Electricity Regs

Africa: Critical Gap

4.2 GW

Only 0.7% of global additions despite 20% of world population

Energy Poverty Crisis: 567 million Africans (85% of global deficit) lack electricity access. Sub-Saharan Africa has just 52 GW renewable capacity for 1.2 billion people.
Country Progress
Country2024 AdditionsTotal CapacityAccess RateKey Challenge
๐Ÿ‡ฟ๐Ÿ‡ฆ South Africa1.8 GW12.5 GW85%Grid constraints
๐Ÿ‡ช๐Ÿ‡ฌ Egypt0.8 GW6.8 GW100%Scaling investment
๐Ÿ‡ฐ๐Ÿ‡ช Kenya0.4 GW3.2 GW75%Rural access
๐Ÿ‡ฒ๐Ÿ‡ฆ Morocco0.3 GW4.1 GW100%Storage integration
๐Ÿ‡ณ๐Ÿ‡ฌ Nigeria0.2 GW1.2 GW60%Policy & financing

Middle East: Diversification Accelerating

5.7 GW

Renewable additions, up 35% from 2023

Country Progress
Country2024 AdditionsTotal CapacityMajor Projects
๐Ÿ‡ธ๐Ÿ‡ฆ Saudi Arabia2.8 GW8.5 GWNEOM Green Hydrogen, Sudair Solar
๐Ÿ‡ฆ๐Ÿ‡ช UAE1.2 GW6.8 GWAl Dhafra Solar (2 GW)
๐Ÿ‡ด๐Ÿ‡ฒ Oman0.8 GW2.1 GWIbri II Solar, Green Hydrogen
๐Ÿ‡ถ๐Ÿ‡ฆ Qatar0.4 GW1.2 GWAl Kharsaah Solar (800 MW)
๐Ÿ‡ฏ๐Ÿ‡ด Jordan0.3 GW2.8 GW26% RE achieved
Green Hydrogen Hub: NEOM's $8.4B green hydrogen project will produce 600 tonnes/day of green hydrogen by 2026, powered by 4 GW of dedicated solar and wind.

Renewable Energy Companies

Leading companies driving the global clean energy transition

Data: Company reports, Bloomberg, S&P Global | Q4 2024
Company Database 50 companies
CompanyCountryMarket CapCapacityPrimary FocusStatus
NextEra Energy๐Ÿ‡บ๐Ÿ‡ธ USA$155B73 GWWind, Solar, StorageLeader
CATL๐Ÿ‡จ๐Ÿ‡ณ China$135B321 GWhBattery ManufacturingLeader
BYD๐Ÿ‡จ๐Ÿ‡ณ China$100B190 GWhEVs, Batteries, SolarLeader
Iberdrola๐Ÿ‡ช๐Ÿ‡ธ Spain$85B42 GWWind, Solar, GridsLeader
Enel๐Ÿ‡ฎ๐Ÿ‡น Italy$72B60 GWUtility, RenewablesLeader
LONGi Green Energy๐Ÿ‡จ๐Ÿ‡ณ China$45B85 GW/yrSolar ManufacturingLeader
JA Solar๐Ÿ‡จ๐Ÿ‡ณ China$18B75 GW/yrSolar ManufacturingMajor
Trina Solar๐Ÿ‡จ๐Ÿ‡ณ China$15B65 GW/yrSolar ManufacturingMajor
Vestas๐Ÿ‡ฉ๐Ÿ‡ฐ Denmark$28B180 GW installedWind TurbinesLeader
Siemens Gamesa๐Ÿ‡ช๐Ÿ‡ธ Spain$22B140 GW installedWind TurbinesMajor
ร˜rsted๐Ÿ‡ฉ๐Ÿ‡ฐ Denmark$32B15.4 GWOffshore WindLeader
First Solar๐Ÿ‡บ๐Ÿ‡ธ USA$22B16 GW/yrThin-Film SolarLeader
Tesla Energy๐Ÿ‡บ๐Ÿ‡ธ USAPart of TSLA40 GWh deployedStorage, SolarLeader
RWE๐Ÿ‡ฉ๐Ÿ‡ช Germany$38B31 GWWind, Solar, StorageLeader
EDP Renovรกveis๐Ÿ‡ต๐Ÿ‡น Portugal$25B16.4 GWWind, SolarMajor
Goldwind๐Ÿ‡จ๐Ÿ‡ณ China$12B100 GW installedWind TurbinesLeader
LG Energy Solution๐Ÿ‡ฐ๐Ÿ‡ท Korea$68B200 GWhBattery ManufacturingLeader
Samsung SDI๐Ÿ‡ฐ๐Ÿ‡ท Korea$28B80 GWhBattery ManufacturingMajor
Engie๐Ÿ‡ซ๐Ÿ‡ท France$45B38 GWGas, Renewables, H2Major
Nel ASA๐Ÿ‡ณ๐Ÿ‡ด Norway$1.8B1.5 GW/yrElectrolyzersEmerging
Plug Power๐Ÿ‡บ๐Ÿ‡ธ USA$2.5B2.5 GW/yrHydrogen SystemsEmerging
Enphase Energy๐Ÿ‡บ๐Ÿ‡ธ USA$15B65M microinvertersSolar MicroinvertersLeader
SolarEdge๐Ÿ‡ฎ๐Ÿ‡ฑ/๐Ÿ‡บ๐Ÿ‡ธ$4B180 GW shippedPower OptimizersMajor
Brookfield Renewable๐Ÿ‡จ๐Ÿ‡ฆ Canada$22B33 GWHydro, Wind, SolarLeader
GE Vernova๐Ÿ‡บ๐Ÿ‡ธ USA$80B120 GW installedWind, Grid TechLeader
Jinko Solar๐Ÿ‡จ๐Ÿ‡ณ China$8B90 GW shippedSolar ManufacturingLeader
China Three Gorges๐Ÿ‡จ๐Ÿ‡ณ ChinaState-owned130 GWHydro, Wind, SolarLeader
Adani Green๐Ÿ‡ฎ๐Ÿ‡ณ India$28B20.4 GWSolar, WindLeader
Tata Power Renewable๐Ÿ‡ฎ๐Ÿ‡ณ India$12B8.7 GWSolar, Wind, RooftopMajor
ReNew Power๐Ÿ‡ฎ๐Ÿ‡ณ India$6B14 GWWind, Solar, HydroMajor
Fluence Energy๐Ÿ‡บ๐Ÿ‡ธ USA$4B18.8 GWh deployedGrid StorageLeader
Sungrow๐Ÿ‡จ๐Ÿ‡ณ China$25B405 GW invertersInverters, StorageLeader
Air Liquide H2๐Ÿ‡ซ๐Ÿ‡ท FrancePart of AL3 GW by 2030Hydrogen InfrastructureMajor

Major Projects Database

Landmark renewable energy projects worldwide

Source: Project announcements, IRENA, IEA

Bhadla Solar Park

๐Ÿ‡ฎ๐Ÿ‡ณ Rajasthan, India
Capacity2,245 MW
StatusOperational
Investment$1.4B
NotesWorld's largest solar park

Al Dhafra Solar PV

๐Ÿ‡ฆ๐Ÿ‡ช Abu Dhabi, UAE
Capacity2,000 MW
StatusOperational
Tariff$0.0135/kWh
NotesWorld's lowest cost solar

Dogger Bank

๐Ÿ‡ฌ๐Ÿ‡ง North Sea, UK
Capacity3,600 MW
StatusConstruction
Investment$11B
NotesWill power 6M homes

NEOM Green Hydrogen

๐Ÿ‡ธ๐Ÿ‡ฆ NEOM, Saudi Arabia
Capacity4 GW RE + 2.2 GW Electrolyzer
StatusConstruction
Investment$8.4B
Output600 t/day green H2

Moss Landing BESS

๐Ÿ‡บ๐Ÿ‡ธ California, USA
Capacity750 MW / 3,000 MWh
StatusOperational
TechnologyLi-ion (LFP)
NotesWorld's largest battery storage

Baihetan Dam

๐Ÿ‡จ๐Ÿ‡ณ Yunnan/Sichuan, China
Capacity16,000 MW
StatusOperational
Investment$34B
NotesWorld's 2nd largest hydropower

Gansu Wind Farm

๐Ÿ‡จ๐Ÿ‡ณ Gansu, China
Capacity20,000 MW (target)
StatusExpanding
Current10,000 MW operational
NotesWorld's largest wind complex

Vineyard Wind 1

๐Ÿ‡บ๐Ÿ‡ธ Massachusetts, USA
Capacity806 MW
StatusConstruction
Investment$2.8B
NotesFirst US utility-scale offshore

Western Green Energy Hub

๐Ÿ‡ฆ๐Ÿ‡บ Western Australia
Capacity50 GW (RE)
StatusDevelopment
Investment$100B+
Output3.5M tonnes/year H2

Organizations Database

International organizations, agencies, and NGOs working on SDG 7

International Organizations

International Renewable Energy Agency (IRENA)

Intergovernmental organization supporting countries in their transition to sustainable energy. 170 member countries. Headquarters: Abu Dhabi.

Energy StatisticsPolicy Support

International Energy Agency (IEA)

Autonomous organization providing policy recommendations, analysis and data on global energy sector. 31 member countries. Paris-based.

Energy AnalysisNet Zero Pathways

World Bank ESMAP

Energy Sector Management Assistance Program - global knowledge and technical assistance program. $1.5B portfolio.

Financing$1.5B active

Sustainable Energy for All (SEforALL)

International organization working with UN and leaders to drive faster action on SDG 7. Coordinates global tracking.

SDG 7 TrackingAdvocacy

Green Climate Fund (GCF)

World's largest dedicated climate fund, supporting developing countries. $30B pledged, $13B for energy projects.

$30B pledgedClimate Finance

African Development Bank (AfDB)

Multilateral development bank with Desert to Power initiative targeting 10 GW solar across Sahel. $20B energy portfolio.

Desert to PowerAfrica Focus
NGOs & Civil Society

Rocky Mountain Institute (RMI)

Non-profit focused on accelerating clean energy transition. Works on electricity, buildings, industry, mobility.

ResearchPolicy

World Resources Institute (WRI)

Global research organization working on environment and development challenges. Energy Program focuses on decarbonization.

ResearchData

GOGLA

Global association for the off-grid solar energy industry. 200+ members, represents companies providing energy access to 490M people.

490M reachedOff-grid

Clean Cooking Alliance

UN Foundation initiative working to achieve universal clean cooking by 2030. Works with 100+ partners.

2.1B gapHealth

Power for All

Global campaign to deliver universal energy access through decentralized renewables. 300+ partner coalition.

Decentralized REAdvocacy

Global Energy Alliance for People & Planet

$10B partnership to support energy transition in emerging markets. Aims to deliver energy to 1B people.

$10BEM Focus

Technology Dashboard

Clean energy technology status, maturity, and breakthrough innovations

Source: IRENA Innovation Landscape, IEA Energy Technology Perspectives
Technology Maturity Assessment
TechnologyTRLGlobal CapacityLCOE ($/MWh)2024 GrowthStatus
โ˜€๏ธ Solar PV (Utility)TRL 91,865 GW$24-36+32.2%Mature
๐ŸŒฌ๏ธ Onshore WindTRL 91,020 GW$26-45+8.5%Mature
๐ŸŒŠ Offshore WindTRL 9113 GW$55-82+18%Scaling
๐Ÿ’ง HydropowerTRL 91,277 GW$35-90+1.3%Mature
๐Ÿ”‹ Li-ion BatteriesTRL 9200 GWh/yr$139/kWh+45%Mature
๐ŸŒ‹ GeothermalTRL 915 GW$45-80+2.8%Mature
๐ŸŸข Green HydrogenTRL 7-81.5 GW electrolyzer$3-6/kg H2+75%Scaling
๐Ÿ”‹ Solid-State BatteriesTRL 5-6Pilot scale$200+/kWhN/AEmerging
โ˜€๏ธ Perovskite SolarTRL 6-7Pre-commercial$15-25 (proj)N/AEmerging
๐ŸŒŠ Floating Offshore WindTRL 7-80.3 GW$100-150+200%Emerging
โš›๏ธ SMR NuclearTRL 6-7Demonstration$60-100N/AEmerging
Breakthrough Technologies
LCOE Trends

Policy Framework

Key policies, regulations, and commitments driving the energy transition

Major Policy Frameworks
Policy/AgreementJurisdictionKey TargetsInvestmentStatus
COP28 Global Renewables PledgeGlobal (130 countries)Triple renewables to 11.2 TW by 2030$4.5T cumulativeActive
US Inflation Reduction Act (IRA)United States40% emissions reduction by 2030$369B federal + $1T+ privateActive
EU REPowerEUEuropean Union45% RE share by 2030; 750 GW solarโ‚ฌ300B through 2030Active
China 14th Five-Year PlanChina1,200 GW wind+solar by 2030$750B+ through 2025Active
India Green Hydrogen MissionIndia5 MT green H2 by 2030$2.3B govt + $100B privateActive
Japan GXJapanCarbon neutrality by 2050ยฅ150T ($1T) over 10 yearsActive
UK Energy Security StrategyUnited Kingdom95% clean power by 2030ยฃ100B private targetActive
Policy Mechanisms

Carbon Pricing

73 carbon pricing initiatives covering 23% of global emissions. EU ETS at โ‚ฌ80+/tonne.

23% emissions covered

Renewable Auctions

Record low prices: $0.0104/kWh solar (Saudi Arabia), $0.0176/kWh wind (Brazil).

Record low prices

Tax Credits

US IRA provides 30% ITC for solar, 2.75ยข/kWh PTC for wind. Bonus credits available.

30% ITC

Feed-in Tariffs

Guaranteed prices for RE generation. Key in emerging markets for project bankability.

75 countries

RPS/RES Mandates

29 US states + DC have RPS. California: 60% by 2030, 100% by 2045.

29 US states

Green Bonds

$500B+ annual issuance financing clean energy. Sovereign bonds from 50+ countries.

$500B/year
Net Zero Commitments
Countries with Net Zero Targets 149 countries (92% global GDP)
StatusCountries% of EmissionsExamples
In Law2615%UK, France, Germany, Japan, Sweden
In Policy5642%USA, China, India, Brazil
Declared6721%Australia, Indonesia, South Africa
No Target448%Various developing nations

Forecasts & Scenarios

Future projections for the global energy transition

Source: IEA WEO 2024, IRENA World Energy Transitions Outlook, BloombergNEF
IEA Scenario Comparison (2030)
MetricSTEPS (Current Policies)APS (Announced Pledges)NZE (Net Zero 2050)
Renewable Capacity8,500 GW10,100 GW11,200 GW
Solar PV Capacity4,200 GW5,100 GW5,800 GW
Wind Capacity1,800 GW2,300 GW2,800 GW
EV Sales Share45%55%65%
RE Share of Electricity42%50%60%
Global Temperature Rise2.4ยฐC1.7ยฐC1.5ยฐC
Key Projections
Solar Dominance: Solar PV will become the largest source of electricity globally by 2035, surpassing coal and natural gas. Cumulative installations to reach 7,000+ GW by 2035.
Peak Fossil Fuels: IEA projects peak demand for oil, gas, and coal all occurring before 2030 under current policies - first time in history.
Battery Cost Decline: Li-ion battery pack prices expected to fall below $100/kWh by 2026, making EVs cost-competitive with ICE vehicles without subsidies in most markets.
Grid Investment Critical: Grid infrastructure investment must double from $400B to $800B annually by 2030 to accommodate renewable growth and electrification.
Technology Cost Trajectories
Technology202020242030 (Projected)% Decline
Utility Solar LCOE$50/MWh$30/MWh$20/MWh-60%
Onshore Wind LCOE$45/MWh$35/MWh$25/MWh-44%
Battery Pack Cost$137/kWh$139/kWh$80/kWh-42%
Green Hydrogen$6.00/kg$4.50/kg$2.00/kg-67%
Offshore Wind LCOE$84/MWh$68/MWh$45/MWh-46%