According to BloombergNEF’s New Energy Outlook, when does solar power become the largest source of global electricity, and under which scenario?

According to BloombergNEF’s New Energy Outlook, solar power becomes the largest contributor to the global power mix in 2032 under the Economic Transition Scenario (ETS), where green policies exist but are not prioritized by governments.

What does BloombergNEF project for global energy storage capacity growth between 2025 and 2035 in the Economic Transition Scenario?

In the Economic Transition Scenario, BloombergNEF increased its projection for global energy storage capacity from 220 gigawatts in 2025 to 2,000 gigawatts by 2035, driven by the need to store clean electricity from solar and wind when generation is intermittent.

Iran Energy Shock Supports Boom in Renewables and Electrification

May 19, 2026

BloombergNEF forecasts solar becoming the dominant global power source by 2032 amid rising electricity demand and energy security concerns. Battery deployment is set to surge, though current trends suggest the world may miss ambitious Paris Agreement temperature goals.

bloomberg

2026-05-19

Iran Energy Shock Supports Boom in Renewables and Electrification

Iran Energy Shock Supports Boom in Renewables and Electrification

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