Renewables 2022: analysis and forecast to 2027

The report is IEA’s primary analysis on the sector, based on current policies and market developments. It forecasts the deployment of renewable energy technologies in electricity, transport and heat to 2027 while also exploring key challenges to the industry and identifying barriers to faster growth. The current global energy crisis brings both new opportunities and new challenges for renewable energy. The report provides analysis on the new policies introduced in response to the energy crisis. It frames current policy and market dynamics while placing the recent rise in energy prices and energy security challenges in context. In addition to its detailed market analysis and forecasts, the report also examines key developments and trends for the sector, including the more ambitious renewable energy targets recently proposed by the European Union; the issue of windfall profits; the diversification of solar PV manufacturing; renewable capacity for hydrogen production; and a possible feedstock crunch in the biofuels industry and viable ways to avoid it.