IEA Forecasts 35% Increase in Global Electricity Supply by 2025
The International Energy Agency (IEA) projects a 35% increase in global electricity supply by 2025, up from 30% in 2023, according to its latest report published this month.
The report indicates a gradual decrease in dependence on coal, which is expected to decline from 36% to 33% during the same period.
Titled “Electricity Mid-Year Update,” the report highlights the significant role of solar photovoltaic (PV) and wind power in this energy transformation.
Their combined share in the global electricity mix is anticipated to rise from 13% in 2023 to 15% in 2024, and further to 18% in 2025, a notable increase from just 4% ten years ago.
The IEA estimates that these two renewable sources will together contribute an additional 750 terawatt-hours (TWh) in 2024 and more than 900 TWh in 2025.
Furthermore, electricity generation from solar PV and wind is projected to surpass that of hydropower in 2024, marking a significant milestone in the sector as these renewable energies establish a more prominent position in the global energy mix.
Experts across various energy-focused fields expect global electricity consumption to grow at its fastest rate in years during 2024-2025. This increase will be driven by robust economic growth, intense heatwaves, and ongoing electrification worldwide.
