Published on : 07 Oct 2025, 1:16 pm

India is set to become the second-largest growth market as global renewables will expand 2.5 times by 2030; however, grid and financing gaps threaten momentum, according to a new report.

International Energy Agency’s (IEA) Renewables 2025 report, released on October 7, said global renewable power capacity is on track to double by 2030, adding nearly 4,600 gigawatts (GW) of clean energy — equivalent to the combined electricity capacity of China, the European Union and Japan.

The report warns, however, that the world remains off pace to meet the COP28 pledge of tripling renewables by the end of this decade unless countries move faster on policy implementation, grid expansion, and financing reforms.

“Despite remarkable momentum, the global energy tr

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