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Globally, renewable energy has experienced significant growth, with investments reaching unprecedented levels. In the decade from 2010 to 2019, worldwide investment in renewable energy capacity, excluding large hydropower, amounted to US$2.7 trillion, with China contributing US$818 billion, the United States US$392.3 billion, Japan US$210.9 billion, Germany US$183.4 billion, and the United Kingdom US$126.5 billion. This surge in investment has led to renewables accounting for approximately 28% of the world’s electricity generation as of 2022, up from 19% in 1990.
Projections indicate that over the period from 2022 to 2027, renewable energy is expected to grow by almost 2,400 GW, an 85% acceleration from the previous five years. Renewables are set to account for over 90% of global electricity capacity expansion during this forecast period. To achieve net-zero emissions by 2050, it is anticipated that 90% of global electricity generation will need to be produced from renewable sources.
This event is a specialised stage within the Wales Manufacturing & Supply Chain Conference & Exhibition. Your registration includes complete access to this dedicated event, as well as the wider conference, providing valuable opportunities to network with industry leaders, explore innovative digital solutions, and gain insights into transformative manufacturing practices.
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