Global Alternative Energy Market Report Projects Solar and Wind to Quintuple Contributions by 2045
A new report forecasts solar energy rising from 2-3% to 15-22% of global primary energy by 2045, while wind climbs from 3-4% to 12-18%, driven by 85% cost drops in solar since 2010 and 55% in wind.[1] Energy storage could support 8-15% of infrastructure amid battery prices at $70/kWh in 2025, with advances in solid-state, sodium-ion, and iron-air technologies targeting costs below $20/kWh for long-duration storage.[1]
Record 2025 Clean Energy Deployment Signals Accelerated Global Transition
2025 saw record clean energy across continents, with Australia’s renewables and storage over 50% of grid power for a quarter, slashing wholesale prices 40%, Africa’s solar up 54% to 4.5 GW, EU wind/solar at 30% overtaking fossils, China adding 543 GW (one-third of GDP growth), and India at 51.5% non-fossil capacity.[2] UK-EU pact targets 100 GW North Sea offshore wind by 2050; a US startup unveiled heat batteries for factory electrification; Vattenfall’s wind farm uses low-carbon steel cutting emissions 36%.[2]
New Global Climate Reporting Standard for Public Sector Launches
The IPSASB launched a World Bank-backed climate reporting standard for governments and public bodies, effective 2028 with early adoption allowed, enhancing transparency in energy transitions.[2] This supports regulatory shifts amid booming renewables and storage, aligning with EU’s €3B for carbon market stability and €3B for building/transport decarbonization.[2]
Solar PV Installations Surge 64% in 2025, Batteries and DERMS Drive 2026 Growth
Global solar PV deployments rose 64% in 2025, becoming cost-competitive and projected to dominate 80% of renewable capacity additions over five years.[5] Battery storage expanded to counter intermittency with solar/wind, while utilities invest in grid modernization via DERMS and AI for handling distributed resources in 20