Solar, Wind, and Hydroelectric Power - Solar, wind, and hydroelectric power dominate renewable generation, offering scalable, low-emission electricity solutions globally.

The outlook is also defined by the crucial need for system integration technologies. As variable renewable energy (VRE) penetration grows, the need for flexibility in the power system skyrockets. This is spurring massive investment in pumped-storage hydropower (PSH), which is expected to grow nearly 80% faster in the next five years, and in grid-scale battery storage. Furthermore, the market outlook is closely tied to the rise of Green Hydrogen, which is projected to drive gigawatt-scale capacity additions in regions like the Middle East and Australia. Low-emissions hydrogen, produced using renewable electricity, is seen as the key to decarbonizing hard-to-abate sectors like steel, shipping, and ammonia production, creating a massive new industrial demand segment for renewable power. Regulatory and policy landscapes, such as the EU's 'REPowerEU' plan and national auction schemes, will continue to be the primary drivers, ensuring that the market maintains its robust expansion trajectory through the end of the decade and beyond.

FAQs
1. What is the key projection for global renewable capacity by 2030? The key projection is that global renewable power capacity is expected to more than double by 2030. This expansion is dominated by solar PV and wind, and it is a necessary trajectory to meet the global climate goal of tripling installed renewables capacity this decade.

2. What role will Green Hydrogen play in the market outlook? Green Hydrogen (hydrogen produced via electrolysis powered by renewables) is projected to become a major new demand center for renewable energy. It will drive the development of new, gigawatt-scale solar and wind projects, particularly in regions with high renewable resources, to decarbonize heavy industries and long-haul transport.