Renewable Power Outlook in 2023 | Renewable Power Tendencies | THE IEA Document
What would be the renewable energy outlook in 2023? And where the renewable energy trends are going? Last year the IEA released its Renewable Energy Report with its outlook for renewable energy over the coming years and trends associated with renewable energy deployment and renewable energy industry.
The Future of Renewable Energy:
The price and supply issues related to fossil fuels last year have sparked a renewed interest in cheaper and domestically sourced renewable energy. The IEA predicts that renewable energy will see an 85% rise in deployment by 2027, 30% higher than the IEA’s 2021 forecast. It also mentions that renewable energy will be the largest source of electricity by 2025, outpacing coal and gas-fired power plants.
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