The Russian invasion of Ukraine in 2022 has caused a short-term price rise (natural gas prices have hit their highest level since 2008) and governments worldwide had to rethink and replan their current energy strategies, opening up new opportunities for renewable energy.
According to the International Energy Agency (IEA), despite the rise in costs and supply chain congestion, renewable energy is expected to establish a new world record in 2022 (forecasts say 320 gigawatts), which could be equal to the European Union’s entire electricity production from natural gas. To be more specific, experts estimate that by 2026, renewable sources will account for nearly 95% of the increase in global power capacity, with solar PV accounting for more than half of that.
The 2022 Top Trends in the Renewable Energy Sector (that have been analyzed in depth in the whitepaper through our AI Future Intelligence platform, SCOUT) are:
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