Statkraft’s new report highlights the rapid pace of renewable energy development, with solar leading the charge even in times of global unrest. The report outlines scenarios where global warming can be limited to 1.9 degrees, but warns of a 2.4-degree increase without faster emission cuts. Investments in clean energy and infrastructure have nearly doubled fossil fuel investments, with solar generation expected to grow significantly by 2035 and cover 66-80% of the power mix by 2050. Solar and wind are set to become the largest energy sources by 2035, with battery flexibility playing a crucial role. The EU’s success in reducing emissions while growing the economy showcases the potential of renewable energy.

Read more at GlobeNewswire: Solar energy is fuelling the energy