Renewables Surpass Coal in Global Power Generation for First Half of 2025
Renewable energy sources generated more electricity than coal during the first half of 2025, according to energy think tank Ember[1]. Solar power increased by 306TWh and wind by 97TWh, outpacing the 2.6% year-on-year growth in global electricity demand[1]. China led the transition by adding more solar and wind capacity than the rest of the world combined, cutting fossil fuel generation by 2% or 58.7TWh[1].
IEA Forecasts Renewable Capacity to Double by 2030
The International Energy Agency released a report predicting that installed renewable power capacity will more than double by 2030, with an expected increase of 4,600GW despite challenges in supply chains, grid integration, and financing[1]. Solar photovoltaic technology will account for approximately 80% of the global increase in renewable capacity over the next five years, maintaining its position as the lowest-cost option for new generation in most countries[1].
Solar Energy Confirmed as World’s Cheapest Power Source
A study from the University of Surrey identified solar energy as the cheapest source of power globally, with costs as low as €0.023/kWh in the sunniest countries[5]. Even in the United Kingdom at 50°N latitude with notoriously cloudy weather, solar has become the cheapest option for grid electricity[5].
China Implements New Rare Earth Export Controls
China announced new restrictions on exports of rare earth elements and related technologies, extending controls over materials critical for renewable energy and clean technology products[7]. The expanded export curbs were outlined ahead of a scheduled meeting between US President Donald Trump and Chinese leader Xi Jinping later in October[7].