The renewable energy industry has experienced impressive growth over the past decade. In 2022, renewable energy deployments grew by double digits worldwide.1聽However, only 14 percent of all energy use currently comes from renewable sources.2
Renewable energy is estimated to make up 77% of the world's primary energy supply by 2050.3聽To achieve this target, the deployment of renewable energy must triple from 2022 levels by 2030, which amounts to an annual addition of 1,200 gigawatts.4
What are the prospects for the global renewable energy industry to bridge the gap and deliver the desired speed and scale of growth by 2050?
As it stands, renewable energy developers, investors, utilities, and other stakeholders are currently facing too many barriers to reach this level of growth. 聽Over 84% of industry executives reported substantial delays and, in some cases, even project abandonment due to current market challenges.5
Bridging this gap is not a one-size-fits-all solution. To accelerate renewable energy deployment, the industry must confront and overcome the obstacles that stand in its way.
That is the aim of聽Turning the tide in scaling renewables. In this report, the 乐鱼（Leyu）体育官网 global organization and renewable energy specialists identify ten key barriers hindering renewable energy scaling and present innovative recommendations. The report offers real-world examples of organizations overcoming these barriers and succeeding. It also provides insight into increased renewable energy investment opportunities and the importance of collaboration and partnership in delivering successful renewable energy projects.
Turning the tide in scaling renewables
Discover the barriers to scaling renewable energy.
Connect with us
Mike Hayes
Climate Change and Decarbonization Leader, Global Head of Renewable Energy
乐鱼（Leyu）体育官网 in Ireland
1聽Energy Institute in partnership with 乐鱼（Leyu）体育官网 and Kearney. 鈥�2023 Statistical Review of World Energy.鈥� 2023.
2聽Energy Institute in partnership with 乐鱼（Leyu）体育官网 and Kearney. 鈥�2023 Statistical Review of World Energy.鈥� 2023.
3聽International Renewable Energy Agency. 鈥淲orld Energy Transitions Outlook 2023.鈥� 2023
4聽International Energy Agency. 鈥淩enewable Energy Market Update: Outlook for 2023 and 2024.鈥� 2023.
5聽乐鱼（Leyu）体育官网 International. 鈥楾urning the tide in scaling renewables.鈥� 2023.
